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No need to pay for expensive processing
software, monthly fees or minimum transaction fees. As you only pay a
percentage fee on a sale, you cannot lose money.
2) Should I have a Merchant Account
or Third Party Processor?
For most businesses this decision will
be made according to the size of the company. Most small businesses do
not need their own merchant account.
Small businesses are better off
with a Third Party processor. The advantage is that when you sell your
products, the Third Party processor takes care of the payment by
checking the card, processing it, and sending you a monthly check.
Larger businesses with a bigger
turnover are likely to need a full merchant account. You will pay a
bigger set-up fee for an online merchant account but pay less per
transaction than with a Third Party processor. So recouping your initial
outlay.
So there it is, unless you have a large
business it is possible to accept credit cards online with a Third Party
processor.
(c) John Lynch 2004 |
