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Benefits of Obtaining a Merchant Account
The following are the major benefits of having a merchant account. If you own a business or want to start one here with MegaDropShippers and you find one or more of the following benefits important to you, then you will want to obtain a merchant account.
More sales. Perhaps the most important benefit. Accepting credit cards allows a business to convert more store visitors into buyers. This is especially true for Internet businesses where it has been estimated that accepting credit cards can increase sales by as much as 200%.
Lower credit card transaction costs. Having your own merchant account will allow the lowest overhead costs associated with accepting credit cards.
Get paid faster. Having your own merchant account will allow you to receive funds transferred directly into your checking account within 2-3 business days.
Promotes a better business image. Customers tend to place more trust and confidence in companies that have their own merchant account. When customers receive their credit card statement, your company information is displayed.
A merchant service account is the best way for your business to benefit from credit card acceptance. As popular as credit cards are already - around $2.5 trillion was charged in 2004 - their use is still growing: the exploding world of online commerce and the increasing use of credit cards in business-to-business transactions will continue to drive this expansion. If your business isn't already accepting credit cards, you might be missing out.
By starting credit card acceptance, businesses who currently invoice all their customers can improve cash flow: payment times go from 30, 60, and 90 days down to three to five days. You'll also reduce the hassle of sending late-payment notices. And surprisingly, in controlled scientific experiments, retails stores displaying their acceptance of credit cards saw cash sales increase by 29%.
Companies who thought their average transaction was too small to benefit from a merchant services account may be surprised at how many customers will whip out the plastic for a $5 sandwich, especially due to the increased use of debit cards. And if you're finding that third-party merchants like PayPal aren't cutting it for your web site any more, you might be ready to move up to the big time and establish your own credit card acceptance account.
MegaDropShippers.com recommends the following Merchant Account Provider: e-OnlineData
Tens of thousands of merchants just like you have selected e-onlinedata for their credit card processing and Authorize.Net Payment Gateway needs. They work hard to help you achieve your processing goals - whether you are new to accepting credit cards or long time experts. By selecting e-onlinedata as your merchant account provider, you will receive the most competitive rates and best customer support in the industry.
If you are looking for an alternative to e-OnlineData, Megadropshippers.com would also like to recommend Paypal.
PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution.
PayPal has quickly become a global leader in online payment solutions with 100 million account members worldwide. Available in 103 countries and regions around the world, buyers and sellers oneBay, online retailers, online businesses, as well as traditional offline businesses are transacting with PayPal.
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