Merchant Account Basics

A merchant account is an account that is setup between a merchant and a processing company where the bank secures part of the risk of the account. The method of accepting credit cards and debit cards starts with a merchant using a credit card terminal of some sort. Face to face merchants such as businesses that are considered retail. These companies include; retail businesses, restaurants and wholesalers that process orders by swiping the card through a machine. These businesses use a swipe credit card terminal that will allow them to process cards at the lowest rates and fees available to merchants while having the ability to boost their business over 400%.

Internet merchants including; websites, phone order based businesses and mail order businesses are able to use a virtual terminal that is available online. These merchants are able to login to their terminal from any computer with an internet connection and a web browser. They can process all types of transactions including manually entering cards and processing in real-time or having their shopping cart, a third party shopping cart or the free shopping cart included with Network Merchants integrated into their site to take care of the orders from their customers. All types of processes are available to these types of merchants. This includes being able to charge, authorize, refund, re-charge previous customers and setup recurring billing.

Smaller merchants are not going to be left behind either. If you operate a business that only processes cards a couple times a month or a few times a year, you can now benefit from phone touchtone processing. There is no need to purchase, lease or rent any type of software or hardware when you choose this path. Merchants are able to call the toll free 800 number from any phone and process transactions and all features. The merchant manually imprints the card and obtains a signed receipt at the time of the sale.

Power Pay Services is the leader in all types of credit card processing solutions. There is no need to work with a company that does not provide 24/7 toll free support and service. It is important to choose to work with a company that does not have any type of contract or termination fee. PPS prides themselves on being one of the leading processors for over 10 years. They have thousands of clients that they process transactions for on a daily basis.

Setup a credit card processing merchant account today!