When making that all important decision of applying for a merchant account,
you will find that there are many merchant services providers
with offers of low discount
rates, great customer service, and quick approval times. However, keep in
mind that a great merchant
account for less means much more than that. As one who has been in the Merchant Bankcard processing
industry for years, I have seen many merchants switching merchant services providers
because they either were unhappy with the knowledge of the customer service
department and felt that they were fending for themselves whenever a problem
arose, or they were lured into a merchant account for less,
only to find that each year their rates kept increasing or random new fees were
being added which added up to more and more expenses than they ever
anticipated. So in the end, the rates are usually very standardized, because
the merchant service companies pay the same costs per transaction from Visa and
MasterCard. However, if you have a merchant
services provider who is knowledgeable in the various rates and interchange
programs the Credit Card Associations have and charge, it is easy to help guide
potential merchants to the right type of merchant account, whether it is a retail
merchant account or an internet
merchant account that you need. Ignite Payments is a merchant credit card processing
company who will ensure all the information that the merchant must include
when submitting transactions is present so they get the best rate. These are
what makes good merchant
accounts great low cost merchant
accounts and why some merchant
services providers are better than others.
The good thing about having a reputable merchant services provider is
that they are the ones who keep up with all the new credit card transaction
regulations so you don’t have to. Merchant Services providers
have to abide by a strict set of standards set forth by the major credit card
processing companies such as Visa and MasterCard. Ignite Payments continually
updates their systems each time the credit card companies implement new
requirements. They are also there to help you if you have trouble processing a
payment through your merchant
account or run into an issue with a disputed transaction. Having a merchant
account is as simple as going to a Merchant Services Provider
and apply for a merchant
account online. Applying for a merchant account takes less than 30 minutes
and you will be approved in a matter of days, once your online
merchant account application has been reviewed. Once you are approved for a
merchant account, you will be issued a merchant account number, a merchant terminal, merchant processing software,
or a log on to a secure site where you enter your credit card transaction into
and accept credit card
payments.
A merchant credit
card processing account is important for any businesses to carry out these
payments. It ensures safety to both customer and business. If you are a new
customer and trying to get a
merchant account, it can be a long process with some companies,
particularly if you are a new start up business. It can take anything from a
few days to 6 months. However, with Ignite Payment the application process and
approval process takes days, versus months. Some banks offer a turnaround of
24-48 hours and others a few weeks. It all depends on the documentation being
correct and whether your business is seen as a risk. Fees on transactions are
generally between 2.5 -5% on credit cards and a flat rate of 40p on debit
cards. Banks may charge new customers excessive rates, ask for cash up front or
you could be hit with massive charges..
If your business wants to accept credit cards online,
you will need to have an internet
merchant account. There are different avenues to go down on this, but the
best option would be a company like Ignite Payments. Ignite Payments has high
approval rates, and you can apply
for a merchant account online at www.bettercreditcardprocessing.net
today. Ignite Payment has advanced
technology and merchant processing software which meets all the security
guidelines laid out by credit card processing companies, they offer 24/7
customer service, and their staff will set you up from the start with the best
rates possible. Contact Ignite Payments today at 888-224-9571 and get set up
with a merchant account
today so you can start accepting credit cards and see your business grow!
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