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1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)

4 Replies Last post: Nov 20, 2009 7:30 AM by amspcs

Merchant Accounts

Oct 12, 2009 9:43 AM

NewLookTeam 16 posts since
Sep 30, 2009

What is the best merchant account solution I can add to my web site, www.newlookwebsites.com

I already have a paypal business account, is this the best way to go???

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amspcs 516 posts since
Oct 18, 2007

1. Re: Merchant Accounts Oct 12, 2009 11:44 AM

No such thing as one-size-fits-all merchant account. The best processing solution for YOU is the one that best fits YOUR circumstances in terms of volume, number of tickets processed, types of card processed, and so on. Feel free to contact me and we'll discuss further.
AMSPCS
amspcs@juno.com

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phanio 483 posts since
Apr 7, 2009

2. Re: Merchant Accounts Oct 12, 2009 12:15 PM

Shop around - that is the best way to find the best deal for you. Ask your bank - they may have one that will work for you - or ask other similar stores to yours - find out what they use and what they like and dislike. - Remember, volume and transaction size matters.

Business Money Today
www.BusinessMoneyToday.com

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amspcs 516 posts since
Oct 18, 2007

3. Re: Merchant Accounts Oct 12, 2009 2:16 PM

in response to: phanio

Pretty good advise from Phanio, except gives credence to one major misconception.
Generally (not always, but generally) your local bank is the LAST place to look.
That's because only the big big name bankss are actually in the processing biz. All the rest act
solely as referrers. So all the unsuspecting merchant has done is add another mouth to feed
in the pricing chain, actually increasing the price they pay. Better idea: Go directly to ISO yourself
instead of inserting unnecessary middleman.

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amspcs 516 posts since
Oct 18, 2007

4. Re: Merchant Accounts Nov 20, 2009 7:30 AM

in response to: mobileman

Dear Mobileman--

Your post is comparing apples and oranges. The three entities you identified as 'merchant account' are not merchant accounts at all.

Papal is a generic payment service, not a merchant account. It mimics a merchant account in some ways, but also differs from a merchant account in many very meaningful and crucial ways.

Authorize.net is a payment gateway, not a merchant account. Auth net LINKS with a merchant account (two different providers) to facilitate payment processing. But all by itself, authorize.net does nothing, much like a computer without software does nothing.

Global is a 3rd party communications network, either front end, back end, or both, utilized by many payment processors. It is NOT a merchant account.

AMSPCS
www.MerchantServices-help.com

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ForumsTaxes and Payroll

This Question is Possibly Answered

Merchant Accounts

Oct 12, 2009 9:43 AM

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