Please sign in to post in this forum.

ForumsFinancing Tips

Previous Next Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)
Post a new topic
19 Replies Last post: Aug 4, 2008 8:01 PM by WarrenD

Merchant Accounts

Oct 12, 2009 9:43 AM

Click to view NewLookTeam's profile Mogul 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???
Tags: Report as inappropriate
Click to view amspcs's profile Mogul amspcs 516 posts since
Oct 18, 2007
1. Re: Merchant Accounts Oct 12, 2009 11:44 AM
in response to: NewLookTeam
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
Report as inappropriate
Click to view phanio's profile Mogul phanio 483 posts since
Apr 7, 2009
2. Re: Merchant Accounts Oct 12, 2009 12:15 PM
in response to: NewLookTeam
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
Report as inappropriate
Click to view amspcs's profile Mogul 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.
Report as inappropriate
Click to view amspcs's profile Mogul 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
Report as inappropriate

More Like This

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read