Third Party Credit Card Processors Facts and Figures
The Advantages of Using a Third Party Credit Card Processor
Third party credit card processors can let you start processing credit cards within 24 hours as to a standard E commerce merchant account where approval might take several weeks. If you need an offshore merchant account approval can take longer and not in all cases you are guaranteed to get approved. Third party credit card processors are a great alternative for a high risk merchant account due to the fact that they are much easier to obtain.
Rates and Fees Third Party Credit Card Processors Will Charge You
In most cases third party credit card processors will charge you a bit higher than the standard fees since they take all the risk. This might be a minor disadvantage however, if you didn't manage to get a merchant account I would think it is well worth while. Most third party processors will charge you anywhere from 3% - 9% commission on every credit card transaction obviously this depends on the type transactions you will be processing. The higher your volume will be the lower rates you will be getting naturally this is opened for negotiation and will be in effect only after your business has proven it's capabilities.
For more related information see our offshore merchant account page.
Related Tags: credit card processing, third party credit card processors, internet merchant account
AdjustCredit.com provides helpful information and tested strategies to eliminate credit card debt online. For information about bad credit loans see bad credit debt consolidation
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