Reaping the rewards
A lot of online merchant concentrate too hard on trying to increase sales that they neglect the actual sales process and what can be done to grow their profits. Whether you are just starting an online or have a thriving brick and mortar business, you definitely want to transform your prospects into loyal customers. You work hard to create a cold list, follow up on promising leads, and get turned down in the process in the hopes of reaping your rewards later. This can be quite disappointing but …

Operating a business in the travel industry may seem harmless to most people but some do not realize that this is classified under the high risk merchants category. As lucrative as your travel business is, you need to discover the merits of getting a merchant account, and issues that will dog you if you are not cautious when acquiring one.
1. Don’t jump into the arms of the first merchant account provider you see
Although your travel business belongs to the high risk category, there are providers who are willing to take …

So you want to get into merchant account buying but don’t have the time to trawl the Internet and wade through numerous guides on the subject? Here are some quick tips for you when shopping for a merchant account services provider:
1. Show me the money!
One huge concern bugging most merchants is “When will we receive our funds?” You should ask your provider and find out the period of time it takes for cash to be transferred. Different providers have different timelines when it comes to depositing the cash into your …

A wise man once said a good merchant account won’t make your business, but a bad one will break it! We recommend you check out the five common mistakes a merchant would make in the process of acquiring a merchant account, so that you will take necessary measures in avoiding them.
1. Being distracted by attractive “discounts”
See, the thing with salespeople is that they are so good at what they do that they are able to make you focus on a particular low rate, not realizing that there are additional fees …

There are merchant account providers, and there are HELPFUL merchant account providers. What the latter does, besides help and support your e-Commerce business in any way they can, is to inform you about the latest happenings in the industry that may require your attention. And the latest issue at hand is the many instances where merchants have gotten their merchant accounts canceled, thanks to trickery and deceitful business operations.
Violating the golden rules set by the powers that be will cause you to lose your merchant account or worse, being fined …

At first glance, this may sound like a post one would write as a new year’s resolution, but it’s not really so. We already covered how to establish a merchant account for newbies here and here, not to mention useful merchant account saving tips, so we thought we’d write about the bare essentials on becoming an online merchant you can be proud of this year.
1. Use social media tools to your advantage
Social media sites such as Facebook and Twitter aren’t just for fun – they can be a great …

As a continuation from yesterday’s 10 Newbie Tips to Establish an Online Merchant Account – Part 1, we now present you Part 2 for your reading pleasure!
6. Know your Internet discount rates
Do you know that there is a fixed percentage extracted from every online transaction? This is known as the Internet discount rate, and usually consists of 2 or 3% from the total amount of transactions. This rate is usually higher compared to credit card-swipes due to the increased risks when dealing with Internet transactions.
7. Beware high transaction fees
Although fixed …

For merchants who rely on eCommerce and the Internet as their source of livelihood, credit card fraud is not a laughing matter. This is especially true when you have huge electronic payment gateways and similar companies protecting their businesses by spending millions in security and to uphold the strength of their data storage systems. However, fraud prevention professionals say that some merchants rely too much on their sophisticated tech tools and fail to see that the simplest steps can help avoid fraud. All it takes to begin the awareness is …

Prepaid gifts cards – Some love ‘em, and some hate ‘em. They make versatile gifts during the holiday season especially when one does not know what to present to a loved one. Others are not so fond of prepaid gift cards because they seem too impersonal. Whether you love or loathe prepaid gift cards, such as the ever popular Visa prepaid gift cards, you must agree knowing how to utilize them optimally will be advantageous to you in the long run. With the rising popularity of prepaid cards, you may …