Credit Card Processing

Author: Mary Hedden

When looking for a merchant account provider, it is important to do a lot of research. You do not want to pay too much or sign up with a disreputable company. However, you do need to keep in mind that once you do sign up it could take up to a week for your application to be approved once it has been submitted.

There are three main factors that you should consider when selecting a merchant account provider.

1. Price
2. Integrity
3. Customer Service

Price (Merchant Account Rates and Fees)

When shopping for a merchant account, it is important to understand all of the rates and fees that the merchant account provider charges.

You will typically be charged the following fees:

Monthly Fee - Normally around $25 US and could vary depending on whether you meet your minimum monthly transactions.

Discount Rate- Percentage taken from a sale that the merchant pays to cover the costs of the transactions and the risk involved. Usually 1.5 percent to 3.5 percent.

Transaction Fee - A flat fee charged for each transaction. Typically between $0.20 and $1.00 US per transaction.

Application Fee - ....[MORE]

MSN Money - 10 hours ago
... somewhere princely for nothing -- international hosting or home-swapping services. ... Spiegel, the great-great granddaughter of catalog merchant Joseph Spiegel. ...

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There are several types of merchant accounts that you can use if you are wanting to add e-commerce capability to your web site. I have included a couple of merchant accounts here for you that you can use to accept credit card payments on your site.