Saturday, October 31, 2009

Which companies that allow a website to accept credit card payments have a good reputation?

I want to allow visa, mastercard etc on my website. There seem to be lots of companies offering such services. I%26#039;m looking for a good company. Thanks.



Which companies that allow a website to accept credit card payments have a good reputation?loan officer





There are a zillion companies offering merchant processing out there.. many games and confusing rates.



There are many good choices out there, but remember you are actually contracting with a bank, with the merchant company only acting as an agent.



The best Merchant Bank Agent Office will be one that has:



1. Dedicated rep that is assigned to your account .. not %26quot;pot luck%26quot; at the end of an 800 number.



2. A rep and a Merchant Bank that understand ecommerce. Your local bank is not the choice.



3. Competetive discount rate for MC/VISA .. Why pay 2.49% for Qualified Rate when you can get 2.15% with no gimmicks?



4. Low rate ads are most likely teasers listing a pin debit rate, which don%26#039;t apply to the rest of the account.



5. What are the mid-qualified and non qualified rate tiers? Industry norm is nearly 5% for cards that don%26#039;t meet %26quot;qualified%26quot; rate tier .... You can get 3.75%



I could go on and on... this is my particular niche with some great banks and you are certainly welcome to contact me.



To answer your question directly .. seek a relationship with:



JP Morgan Chase entities (Many) ..



Avoid CardService or other mass marketed merchant account solutions.



======================================...



Edit - You did not mention your volume, or what you wanted a merchant account for. Both of those are very important. Also, how much is the average charge? A large %26quot;Average Ticket%26quot; can cause addition qualification requirements.



The other poster mentioning Paypal as an alternative is correct. If you are going to do less than $5K monthly, you will save only a little over paypal, however paypal gets nervous too with large charges , and you are paying up to 3%



Which companies that allow a website to accept credit card payments have a good reputation?

loan



There are many, but PayPal offers the best services that I have experienced. It%26#039;s free to join as well, so that%26#039;s always a huge benefit.

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