The use of Credit Cards is a great convenience and your main aim should be to take advantage of that convenience by incorporating the ease of Credit Card transaction into your company. To be able to accept payments via Credit Card, it is extremely important that a merchant should have a Merchant Card Account.

A Merchant Card Account can be defined as an account that the business owner utilizes to accept payments from buyers when a transaction of goods or services take place. However this can be difficult since most banks require that most of your operations should be mail/internet-order-based rather than park-and-shop-based.

Process of getting a Merchant Card Account:

Finding a provider- if you try searching in Google or Yahoo! for "Merchant Card Account" you'll be amazed and staggered by the 500 thousand results out of which 40% of them are scam.

Here are a few basic tips on finding a good (in terms of speed and safety) Merchant Card Account provider:

1. Visit any park-and-shop based store and try to find information about the Card Processors that they use. Ask about their experience with using their Payment Processor.
2. Build your list this way (most likely you'll have to try small friendly stores rather than giant department store). Try to make points ,covering fraud experience, speed of transaction handling, availability of network coverage, and of course fees charged.
3. Compare And Review the best service providers right here so you do not have to run around the park..

The second most important thing to be done is comparing the transaction cost. There is a fee which will be charged on each transaction. Some of these fees include  Transaction fees, Monthly gateway fees, and Address verification fees. For your convenience we have listed the 5 Best Merchant Card Providers from the Internet and have compared them according to their rates.

Hardware and Software requirements - This will be the interface between your customer cards and your Merchant Card Account. For a park-and-shop store you should provide an EDC or plug-in software. Most providers charge a one-time amount of , $300-400 to the storeowner for making an EDC available. The advantage of a plug in software is that it will be embedded into your accounting system and the interaction with account will be automated. But however you have to make sure that your accounting system supports these plug-in software.

If you already own an Merchant Card, you should be careful in maintaining it. The things you should be careful about are:

1. Fraud Fransaction Prevention - Do keep a contact of your provider. Any problems occurring in your EDC/plug-in software/account should be verified by calling the contact center.
2. Reporting Fraud Transactions - Take out some time to learn about the procedure of reporting fraud, clarify your understanding of the procedure to the provider officer.
3. Periodically check the account printout and compare it with your in-house reporting system

If you do not have a service provider just yet, check out our Merchant Card Account Reviews and learn more about them.

Our Top Rated Merchant Account

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