Using a Internet merchant account for online transactions
It’s often erroneously assumed that a merchant account is a must, if one wants carry out online transactions through credit/debit and other electronic payments. Merchant accounts, you ought to know is one of the ways of accepting credit cards. The other option you have is to apply for a third party credit card processor. By signing up with a third party credit card processor, you basically authorize them to process payments on your behalf. Most third party processors will let you have a free Internet merchant account and then deduct a percentage from your sales processed, as their commission.
It basically depends on the size of your online business, whether you should go for a merchant account or not. If the size of your online business is really small, then third party payment processor is safe option. However, if it’s big or has the chances of expanding in near future a merchant account is what you should go for. Larger businesses, with bigger turnovers need proper Internet merchant accounts as the cost per transaction would be less in that case. An Internet merchant account comes with a payment gateway, which is a mechanism that transfers the details of your customers’ credit card to the processor. The transaction is either accepted or declined, depending on the state of the card. Results are almost immediately forwarded to the merchant. If authorized, the customer is mailed a “thank you form” informing him that that his card has been charged.
Now by logging onto the website of Advanced Merchant Services (AMS) you can browse through the services offered by the best merchant service processor operating in the online sector. The antecedents of AMS go back to more than nine years, when transactions through credit cards first became popular in the online medium. Ever since then we have been offering our clients with infallible services in merchant accounts. By signing up for an Internet merchant account with AMS, you can get a number of lucrative advantages that are not offered by any other service provider. Firstly, we won’t make you sign expensive contracts that will bind you to our company. This means that you won’t have to pay us a penny as termination fees that are usually charged by other companies.
In addition to this, we will also offering our clients a rebate of $200 if they process $10000 or more during any of their first three months. Because we operate without any agents or middlemen, we function with utmost efficiency. When you apply for a merchant account, you can be sure that it will be validated within 24 hours. To know more about our services, do visit us at www.merchantaccounts.co.