Merchant Account Basics

[nevadabboko]

Matthew, thank you so much for your answers !!!

i am planning to plunge in to e-business but for the moment i am interested in technicalities like :

- is paypal or ccbil just another processors (gateways) ...or are they somehow a different then the others ?

- is sms payments an option ?

- let say i have some good product (i invented myself) which can be distributed online and i am sure thousands and thousands of customers are willing to pay for it ..... what is the best way to promote it ?

[nevadabboko]

Matthew, thank you so much for your answers !!!

i am planning to plunge in to e-business but for the moment i am interested in technicalities like :

- is paypal or ccbil just another processors (gateways) ...or are they somehow a different then the others ?

- is sms payments an option ?

- let say i have some good product (i invented myself) which can be distributed online and i am sure thousands and thousands of customers are willing to pay for it ..... what is the best way to promote it ?

[nevadabboko]

few questions :

- is there a difference between merchant account and internet merchant account ?

- if it is just a merchant account do i still need a gateway ?

- if the limits and chargebacks are OK ... do they have the right to shut down the account and how would they do that ...  it is my accoun after all

regards

[MatthewBredel]

@nevadabboko Great questions! 1) There doesn't have to be a difference, but you do find merchants that specialize in the internet. Because of this, it is easy to get accepted and set-up easier. Plus, they are more familiar with internet "patterns" 2) Online you always need a gateway (like a credit card swiper for stores). Most merchants set this up with their preferred gateway for you. 3) The can do whatever they want! If they suspect anything, they will freeze your account. cheers...matt

[SeymourDirect]

The good thing is that most Merchant Providers such as ours, will include the payment gateway as well. Its a specialist industry in the financial sector, we're dedicated to providing the whole package

[666jet]

make sure you also ask about full disclosure in your merchant account statements.

[BrooklynNYC777]

man thank you for this upload man..............thanks

[donaldlbailey1]

I am a merchant account provider. I read your question about $500-1000 monthly sales.

In response to that question........A $1,000.00 per day target is NOT high for certain businesses. If this is a online operation only, I suggest you first decide how you'd like the money deposited. for more info. respond to this post.

[ImageOFlove]

You got 5 stars and waiting for your recommendation I plan to open an account and my monthly sells would be 500-1000 dollars hehe that is not so much but for starting that is ok hehe

[shillaily]

Chargebacks are a bitch in the states since the banks loves doing them cause o'tha fees. X^P

[donaldlbailey1]

@shillaily

I am a Merchant Service Provider Professional.

Concerning charge-backs............Its not the banks that rule here. Its the Visa/MasterCard/Discover Card Associations and the processors

[benitomol2008]

very useful info. keep it up!

[deadcell1]

Thanks for the info bro. i just learned something new today

[natalieilleana]

Very helpful. Thank you!

[HD10713]

what merchant account do you recomend if someone makes 60,000+ per month???

[gabe940]

@HD10713

i heard skipjack is good

[raieyez]

Sweet, Nice video! 5*****

[CanadaCardProcessing]

Matthew,

Great video!

Many merchants should find this video a wealth of info!