A common grudge held by most merchants is that the merchant account providers are looting them with their hidden fees et al. Is it really true? Not quite. Let’s see why.
Hidden fees

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There’s an article right here posted recently that covers some of the hidden, and not so hidden, fees charged by merchants. This is what they mainly include:

Transaction Fees
Set-up fees
Credit Card related fees
Assessment fee
Discount rate
Minimum monthly discount fee

Do these fees mean the merchants are trying to get their hands into your pocket? Not really. Remember that these account providers …

With the introduction of the merchant accounts, now it has become really easy for the merchants to expand their business globally. Merchant accounts are basically the services provided by the banks and financial institutions. They provide the service to the merchants by processing the payments received from the customers. It has provided them wings to fly high in this market. It has provided them a global platform where they sell and buy goods for the expansion of their business. Sensing the huge demand in this sector, the banks and financial …

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What is it?
Wireless credit card processing is an electronic means of sending payments or receiving funds through the internet for goods bought or for services rendered. It is a mostly used by internet marketers who have found means of gaining fortunes through the internet. Similarly, retailers also find delight in using it to make fast payments to get their goods delivered on time.
The use of credit cards can be traced back to the 1950’s when the Diners Club of America made the first invention. After a few years, other …

We have already given 10 tips on minimizing eCommerce Fraud Exposure. But it’s not just about spending money on fraud detection/prevention systems. You first need to understand the kinds of fraud you can be exposed to. Only then can you figure out the ways to save yourself from them.
Detect the type of fraud

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The most advanced criminals will give you a fake card or a card obtained via skimming. There is little you can do in such cases since the criminals themselves practice fraud as a means of earning a …

Meet Joe, who came up with a great idea last summer. He found that most adults would hesitate to enter an adult store to buy some toys or movies for themselves. They are more open to buying online. Not a new idea, by any means, but it was profitable. So he set up a site and started selling things online. He got himself a merchant account to process credit cards and shipped the products to customers. Now, the bigger problem was with the movies. It seemed that husbands didn’t want …

Heartland

It is the prime concern of every retail merchants and business owners to manage their finances in the right and secure way and get it done through a safe and secure method. Heartland Payment Systems are the perfect way to accomplish these targets. Heartland Payment Systems has always provided the retail merchants, restaurant owners, and other small and mid-sized business organizations to perform their business smoothly. It has definitely the small and mid-sized business owners an easy and safe way to carry out their regular business transaction.
Heartland Payment System offers …

PayPal is a big name in the world of online transaction system. But PayPal also suffers from various kinds of irregularities. The irregularities lead to the mismanagement of the funds in the account. Though they are resulted from minor errors, they can spell havoc for the account holders. This generally happens for many reasons. Without going deep into the reasons, let’s have a look at the different circumstances which can lead to the chargeback kind of situation.
Chargebacks
There are basically four cases where account holders can chargeback on PayPal for the …

PayPal has always been the first choice of most of the internet users around the world. They prefer PayPal more than anyone to carry out their financial transaction for online money transfer service. Well, it is quite obvious because no other financial company offers the same level of satisfaction to its customers. PayPal provides pretty good security features to its customers. But sometimes, there are some common mistakes which people make while using PayPal. It is better to identify the mistakes well in time. Otherwise, it can lead to big …

Advantages of a merchant account
With the advancement of the credit card system, it has become extremely important for every merchant to get himself/herself equipped with a merchant account. Nowadays, an increasing number of people are opting for merchant accounts. The reason behind this is quite obvious. There are numerous benefits associated with the use of merchant accounts. We know that a merchant account enables a merchant to accept payments through credit card and debit card. It means that it indirectly expand the horizons of the business. It definitely helps the …

How far can you trust sites like Paypal and other e-commerce business sites or payment processors? Not very, it seems. For all their utility in allowing easy payments to users, these sites are facing more than their share of complaints, which speaks volumes about the number of disgruntled users.

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PayPal plays with Indians
One of the most reason examples is the Paypal fiasco in India starting in February 2010. All of a sudden, Indians found their payments received through Paypal being reversed with little
explanation. Paypal soon sent a mail explaining that …