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Ecommerce Information |
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Online Merchant Account - Costs and Alternatives
Merchant Account Basics A Merchant Account is a commercial bank account established by a merchant to receive payment via credit cards. Three parts are required to accept credit cards. Besides a merchant account, you need a local bank checking account to deposit funds and a processing solution, such a terminal or web-based store front to take credit card payments. Online merchant account, or ecommerce merchant account, is a merchant account that can take credit orders on the Web. Cost of Merchant Account An online merchant account will boost your online sales, but merchant account incurs various types of cost. A merchant account usually requires a one-time setup fee between $50 - $100. Some merchant account providers waive the setup fee in promotion period or in conjunction with other services. Other costs include gateway fee, statement fee, annual fee, transaction fees and discount rate fees. Accept Credit Card without Merchant Account When you first start an online business and have limited resources, the alternative would be to use the services of a credit card processor. You can enjoy the benefits of processing credit card transactions online without the requirements of a merchant account and high costs involved. Paypal, WorldPay, PaySystems and Clickbank are some of popular credit processing services. Popular shopping carts or online storefronts, such as eBay Store, Yahoo! Store and Microsoft bCentral, offer built-in credit card processing capability. International Merchant Account International merchant accounts, or Offshore Merchant Accounts, are merchant accounts that allow the merchants to accept payments from around the world-- regardless of where your business or customers are located. Comparing to an online merchant account, two major services that come with an International merchant account are Multiple-Currency Support and International Fraud Protection. Wireless/Mobile Merchant Account Mobile merchants used to face unique issues when accepting credit card payments. With the advancement of high-speed wireless networks and mobile technology, mobile businesses are no longer limited in their payment options to just cash or checks. Many mobile merchant account (http://www.4th-media.net/online_payment/mobile_merchant_account.php) service providers waive application fee and setup fees to attract more businesses. However, the use of wireless service provider does incur the expense of the terminal hardware, activation fee, monthly service fee, and transaction cost. Copyright @2005, Bruce Zhang Bruce Zhang has over 10 years experience in developing ecommerce and e-business application such as literature fulfillment (http://www.4th-media.net/order_fulfillment/literature_fulfillment.php) and supply chain management applications.
MORE RESOURCES: Shopify, IBD Stock Of The Day, Rising On E-Commerce Push Into Enterprise, B2B, Point Of Sale Investor's Business Daily I've interviewed dozens of self-made millionaires, early retirees, and 'super savers' and plan to use one of their top wealth-building strategies in 2025 Business Insider TikTok expands e-commerce operation into Mexico amid potential US ban South China Morning Post TikTok Shop expands ecommerce business into Mexico theloadstar.com Latest B2B Ecommerce news, research and case studies Digital Commerce 360 Bloomreach Celebrate US Partners for Their Exceptional Commitment in Revolutionizing Commerce Experiences Business Wire ShelfTrend to Transition to AI-Powered Ecommerce Solutions ChannelX World Ecommerce SMBs Need Faceless Videos Practical Ecommerce The Four Pillars of Ecommerce Profitability in the Era of Generative AI Retail TouchPoints Ten digital marketing trends HBS Dealer Ecommerce Order Management System Market Next Big Thing | Major Giants Shopify, Oracle NetSuite, SAP openPR How E-Commerce Businesses Can Improve Web Accessibility breakingac.com New Ecommerce Tools: January 2, 2025 Practical Ecommerce E-commerce logistics index hits near 7-year high in 2024 People's Daily Recap: How online retailers used AI in 2024 Digital Commerce 360 eCommerce Affiliate Programs (2024) Business of Apps Holiday e-commerce sales set new record high (AMZN) Seeking Alpha Serial Entrepreneur Bruce Buchanan is Scaling Ecommerce Technology Company Rokt to the Next Level CEOWORLD magazine US ecommerce sales growth holds steady in Q3 Digital Commerce 360 How Sea Cruised To A 162% Gain In 2024 To Shakeoff A Rough Start To The Year Investor's Business Daily eCommerce Specialist Jorge Zuñiga Blanco Highlights Key Trends Shaping the Future of Online Retail WebWire AI, sustainability, and personalization will change ecommerce 2025 Digital Commerce 360 Black Friday ecommerce sales reach $10.8 billion Digital Commerce 360 How to Do Market Research For Ecommerce in 2024 Exploding Topics Best ecommerce platform of 2024 TechRadar Vartega makes e-commerce storefront available for sustainable carbon fiber materials purchase CompositesWorld Industry Expert Jorge Zuñiga Blanco Reveals Projections for Evolving Consumer Behavior in eCommerce WebWire China E-Commerce Giant Alibaba Sells Stake In Retail Firm Sun Art To Focus On Core Business Investor's Business Daily Render Expands, Web3Bay Redefines E-commerce & Injective Advances Techpoint Africa Rezolve AI Forecasts the Future of ECommerce: How AI Will Shape Retail in 2025 and Beyond Yahoo Finance What November’s Baird/Digital Commerce 360 Ecommerce Stock Index results showed Digital Commerce 360 Nectar Acquires iDerive, Merging Analytics Innovation with Industry-Leading eCommerce Expertise EIN News India’s ecommerce funding declines 42% in 2024 Tech in Asia Walmart extends online sales growth streak in Q3 Digital Commerce 360 Ecommerce Giant Helen of Troy Snaps Up Olive & June LLC American Salon E-Commerce Euromonitor International |
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