ForumsMerchant Services

We are going to BOA tomorrow to set up other bus. accts and merch serv was of interest but I am worried about having to sign a long contract.
As for paypal- there is no risk at all?
AND - I dont have to be an "E-bayer" to accept Paypal/Set up Paypal?
Thanks for you help!

Thanks Michael!
Sounds like this is a good option for us to get started with.
My only concern is on the demo that paypal has on their website, they show one of the screens as "shipping" for the customer. We usually will not be shipping any products directly from the website. I was just wondering if this is a problem.

No contract with BoA merchant services.

You don't need to be eBayer to get Paypal. I used Paypal for more than 2 years with my e-commerce, and generated more customers with both, merchant acc and Paypal.

I accept Paypal exclusively on business cash flow in the seven figures.

Not only do they provide a good deal on merchant service with no contract, but once we got going with them, I stopped accepting all other forms of payment from new customers.

We do all business online. We found that using paypal kept us out of arguments regarding stolen credit cards and identities, because Paypal handles all of that for us. When you take paypal, you don't take any credit card information from the customer. This gets you off the hook when something goes wrong. We consider Paypal to be an entire department, not a just merchant account.

Other reasons I like them:

Completely online interface
Instant client refunds
More users than there are people filing tax returns
Instant credit to account
reduced fees when paid from clients who already have the funds on deposit with paypal
high interest paid on float by Smith Barney
MC access to float, with 1% rebate on card usage

I could go on. In my opinion, they completely eclipse traditional merchant accounts.