Getting third party credit card processors is one of the very important things you will want to do for your ecommerce company. Without a merchant acct you will be unable to take sales efficiently which will gravely hamper your orders.
If you desire take credit card orders quickly and efficiently on the Net you will need to opt for a third party creditcard processor. There are a number of decisions for you to reflect on. The majority will charge a set up fee and a percentage of each transaction. Unlike common merchant accounts, most third partycreditcard processors don't charge a monthly fee and a few can be cost nothing except for the per-transaction cost. Here’s a site listing third party processors. Let us study some of the common ones:
Paypal is one of the most third party processors. One of the reasons for this is the fact that they do not charge a start up fee. It is also effortless to place on your website. Pay pal gives great instructions for this and will also offer subscription and shopping cart options for your clients. It is commonly used but is also has problems. There are limitations on certain countries with paypal. This type of processing is good to begin with but try to have an alternative one as backup for your customers
Worldpay has a small set up fee however it is very good for international companies. It offers similar services as pay pal.
Another option to 3rd party credit card processing is to obtain a full blown merchant account and process creditcard orders in your company name. This will take a while and could involve different fees such as gateway access costs and fees. The decision as to whether or not to get a full credit card processing account or use a third party service provider is only a question of doing the sums.
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