I want to accept major credit cards on my website. How do I do that? without using PayPal
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"How Do You Accept Credit Cards On Your Website? Without Using Paypal?" was posted on Saturday, February 6th, 2010 at 7:33 am.
“How Do You Accept Credit Cards On Your Website? Without Using Paypal?”下有2 Responses条评论.
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wow that guy spent a lot of time on his answer
You can get a merchant account.
Which usually is cheaper than paypal if you get the right rate.
you can negotiate your rate but the cost of e-commerce basic transaction is 1.85% +.10$ / transaction.
Also, there are surcharges for different types of cards
For Example Rewards cards with a .05% surcharge the cost for that is 1.90% +.10$ and so on.
you do not need to become a merchant account wizard. The processors basically add a profit on top of that 1.85%+.10$.
To make it easier on you I will tell you what you should ask for.
2.0% + .15$ / transaction as your base rate
and a straight pass-through on all the surcharges. (straight pass through means that you only pay the cost of the surcharges so they are not padded for additional profit by the processor)
Let me know if you have any other questions.
Feel free to e-mail me if you have your business ready I can help you find a good provider because I worked in the industry.
You will need to open a merchant account at a major bank, and this type of account will allow you to process credit cards. A web based business is essentially a mail order business, and it can be a pain to get a merchant account.
Because a few scum-bags have ripped off some banks, and run off with the money, your local friendly banker may not be too “friendly” when you tell him you want a merchants account. It has become increasingly more difficult for mail order sellers to secure a merchants account, and if you only sell by mail, but also do consider setting you up for Visa and Mastercard
processing. That happens to be reality…but always remember
WHERE THERE IS A WILL THERE MUST BE A WAY! I
THE BEST WAY TO OBTAIN YOUR MERCHANT ACCOUNT
Although your banker may have already told you that they “cannot” accept you for a merchant account, the simple, unvarnished truth is that he/she can. Visa and Mastercard do set some rigid guidelines for their affiliated banks to follow, but ultimately the banks must approve or disapprove each application. Excuses concerning “doing business by mail”, “operating a home-based business”, “not having a long business track record”, are just that-excuses! A somewhat polite way to tell you “no”!
Could a mail order businessman, (books, home-study
courses, etc.) but how also conducts his business exclusively in his home get a Merchant Account? Fat chance of him getting a merchants account. Right? Wrong: He happily processes credit card orders for his customers will full
knowledge and cooperation from his bank. How did he do it? He never stopped asking for what he wanted.
When his own bank refused to even consider him for a merchant account, due to the fact that he was in mail order, and also doing business from his home, he beat path to several other banks.
The first four banks he visited also said “no”, (2 were large
institutions, 2 mid-size), so he decided to try some smaller
banks. Guess what? The very first bank he went to said “Maybe”.
They asked him to transfer his account to their bank, so that
they could “monitor” it for six months. He told the bank
official that he would consider their proposal, and the proceeded to another small bank one block up the street.
He liked what the second small bank said. They said “Yes!” All he needed to do was establish a checking account with them and maintain a modest $1,000, business checking account balance. This he quickly did!
He is not unique. But he was very persistent and kept asking
for what he wanted, and you must also. Probably the two best ways to get a merchant account are:
(1) Keep pestering your own bank about granting you charge card privileges, until they agree to do so.
(2) If your bank outright refuses, make a list of all banks in
your immediate area, putting some special attention on small
banks. Next, get out a pair of your most comfortable shoes and get to it! Ask…Ask…Ask..Ask.. Ask! You have nothing to lose, and much to gain by being persistent, and by constantly asking for what you want (that’s good advice in all areas-business and personal) of your life!
CREDIT CARD MERCHANT ALTERNATIVES
If you absolutely have no success in obtaining a merchants
account from a local bank, you should consider the alternatives.Here are some of them…many warehouse clubs offer business members credit card processing, try Sam’s Club, or BJ’s warehouse club.