Credit Merchant Account

[Mega producer]

Any suggestions for a good credit card mechant account with low or no fees ?

 

[YouGotMyMoney]

Any suggestions for a good credit card mechant account with low or no fees ?

Depends on what kind of transactions you process.....phone/online orders (cvv code) vs f2f/pin/wet sig transactions.

 

[Mega producer]

Depends on what kind of transactions you process.....phone/online orders (cvv code) vs f2f/pin/wet sig transactions.

Strictly for charging agents for leads, or mail drops.

 

[YouGotMyMoney]

Credit Card Processing & Merchant Accounts | Merchant Warehouse

Also check out First Data...

I have not done cc processing for a few years, I am really not up on who is the best.

 

[Mega producer]

Credit Card Processing & Merchant Accounts | Merchant Warehouse

Also check out First Data...

I have not done cc processing for a few years, I am really not up on who is the best.

Thanks a bunch, I will check them out.

 

[Crabcake Johnny]

I've been with Virtual Terminal, Secure Payment Gateway, Process Credit Cards with no issues.

 

[radiusbob]

We use authorize.net as our Payment Gateway and Chase for our Merchant Account (neither of them cheap nor free, but reputable to a certain extent). Not sure if you would find a 'no fee' merchant account, but one option is PayPal...

 

[Crabcake Johnny]

Here's a decent list:

Payment Gateway Services Review 2011 | Online Business & Payment Processing - TopTenREVIEWS

BEWARE of any company that gives you "instant" approval and does not put you through the typical underwriting process!

In even worse scams, just filling out the application that includes your banking routing and account numbers locks you in. You get that "instant approval" and typically the terms are horrible. You state that you don't want to accept the offer but they'll claim you accepted the offer by filling out the app and hit your account for hundreds of dollars for an "early termination" fee and $100 to $200 for a PCI compliance fee.

And...ask about their PCI compliance fee and about being PCI compliant. Payment Card Industry Data Security Standard - Wikipedia, the free encyclopedia

Solid processors want to know all about what you do. Other less reputable ones will send you a "Your Approved!" email after you fill out the app without any phone calls or follow up questions.

Then what happens is you start processing transactions and you account gets locked up. If the company you apply with doesn't want to review your website, TOS statement, business license information, business bank account and refund policy, run away.

 

[myinsurebiz]

just use checkout.google.com

 

[Crabcake Johnny]

I would avoid Google Checkout. There's a reason it fell flat. One biggie is zero support. If you have any issue you'll be directed to their help forum - basically, figure it out for yourself.

Secondly, since they don't have the time or resources to verify all account set-ups, payouts are limited at first. If you exceed some mysterious dollar amount of transactions you'll find your account locked for "review."

Services like Google checkout and PayPal and set up for merchandise transactions. If you use these services for high volume non-merchandise related transactions, expect their security department to give you a ring.

Finally, you have zero merchant protections with Google or PayPal. If someone files a chargeback it immediately comes out of your account. Want to fight it? You'll be punished - typically by having your account locked out.

Get a regular credit card processing account where you can fight and win chargebacks.