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Merchant Accounts
Merchant Services are what you need to accept and process
credit cards from your web site. There are many steps
involved in accepting credit cards because of the many
interested parties. Transactions involve your customer,
your customer's bank, your customer's credit card issuer
and your bank.
Cardservice International is the largest independent
credit card processing company in the country with over
12 years of experience, specializing in serving non-traditional
merchants, such as new, Internet-based companies, home-based,
and phone order/mail order businesses. Unlike other traditional
merchant account providers, Cardservice is able to establish
merchant accounts for business owners who may have less-than-perfect
credit. Cardservice has over 150,000+ merchants online
and processes over $6+ billion in credit card transactions
every year. Cardservice International is committed to
providing the very best service in the transaction processing
industry.
Advantages of working with Cardservice International include:
- Single source for ecommerce software, service and support
- On-line merchant application and 98% approval rate
- Fully integrated secure payment gateway
- Scalable modules allow tailoring to any level of
service
- 24-hour customer service, 7 days a week, 365 days
a year
- Funds are deposited within 24 to 48 hours of transaction
approval
- Robust sales management tools and reports
- No Long Term Lease
- Pre approved merchant accounts for up to $30,000
per month
Merchant Services Terms & Definitions
- Application & Set up Fee
Initial fee paid to merchant service provider for
establishment of account, processing and reporting
tools & capabilities.
- Discount Rate
The percentage of the transaction that the merchant
is charged by the merchant service provider for facilitating
a credit card transaction.
Example: ( 2.35% of $100 = $2.35 )
- Transaction Fee
Small charge paid to the "processing network" (e.g.,
Visa/MasterCard) for use of their system, for each
transaction processed.
Example: ( 2.35% of $100 = $2.35 + .25 cents for the
transaction = $2.60 )
- Minimum Monthly Fee
Merchants pay for credit card service on a per transaction
basis, through a combination of transaction fees and
discount rate charges. Generally, based on normal
business volume, these transaction-related charges
cover the minimum monthly fee.
Example: ( 2.35% of $100 = $2.35 Minimum is $10 -
$2.35 = $7.65 )
- Monthly Service & Statement Fee
Monthly service charge paid to merchant service providers
for statement preparation, reports and 24/7 technical
support.
- Monthly Gateway Fee
A monthly service fee charged for using secured processing
fiber-optic lines to complete transactions immediately
in encrypted, protected code.
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