What are some credit companies that offer merchant accounts online?


Quick Answer

Flagship, Credit Card Processing, National Bankcard, Chase and Merchant One are some of the leading companies offering online merchant accounts for credit card processing, according to Merchant Account Services Review. Additional companies include Cayan and Charge.com. Credit card companies such as VISA and AMEX do not deal directly with business owners, explains an article in Entrepreneur. These big corporations rely on credit card processing companies to complete transactions for merchants through a payment gateway.

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Full Answer

When investigating online credit card processors, the Small Business Administration recommends comparing the fees and rates. Find out the processor’s markup per transaction. Ask whether the firm charges a fee if you decide to cancel your account before your contract has expired. Additionally, look into the other costs for which you may be responsible, including service fees, regulatory fees and statement fees. Processing costs vary from company to company, so find out the details about potential charges before making a processor decision.

SBA says that the steadily growing numbers of customers who prefer paying by credit card are making it increasingly important that businesses have credit card processing. Even though the fees might seem prohibitive at first, increased sales soon make the cash outlay worthwhile. Most consider merchant fees part of the normal cost of doing business. Maintaining a positive professional relationship with your online credit card processing firm also enhances the credit worthiness of your company, which could help you obtain credit terms from vendors and additional funding when you need it.

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