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Re: Credit Card Merchant
From JamesCross at Web Host Directory on 6 Oct '00
replying to Credit Card Merchant posted by David A Nurick

>could somebody plz inform me wheter i have to become a credit card merchant at the bank to accept credit card #'s for my business?
>if NO, how would i process payment?

You need to sign up with a merchant account. They will deposit your credit card payments into your account on a monthly basis, rather than daily. I found an excellent list of merchant accounts via deadlock,

We've used one of these services for over 18 months and found them to be very reliable. a couple of things to watch for are:

1. Transaction charges - They can often charge you a set commission per transaction, plus a flat rate on top.

2. Hold back rate - Hold back is the amount the provider retains of each transaction in processes on your behalf. Its not unusual for a provider to hold back as much as 10% of the transaction for up to 6 months, before crediting it to you account.

I hope this helps,


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