Net Business Design Knowledge for YOU WHY A MERCHANT ACCOUNT

"What is the Difference Between PayPal and a Merchant Account

With a Real Merchant Account, your funds are directly deposited into your personal or business bank account, which you control and which is also protected by Federal Banking Regulations.

With PayPal, your money is deposited into a PayPal Account, which PayPal Fully Controls. Since PayPal is NOT a bank, they do not need to follow federal banking regulations.

"Who would trust their money with a bank that could do that?"

Sadly, Paypal routinely freezes its customers' accounts for almost anything and without warning. Once an account is frozen, the funds are often held by PayPal for months on end with Absolutely No Recourse for the merchant.

A domino effect occurs when a PayPal account is frozen, leaving the merchant with No Means To Fill Orders. Those orders are then disputed by customers, creating more chargebacks and the illusion of fraudulent activity on the part of the merchant.

"This Is The Best Choice For Your Business."

When you accept credit cards with a Real Merchant Account, you get the security of knowing that you are dealing with an FDIC insured, federally regulated bank.

Plus, your money gets directly deposited into your personal or business checking account automatically.

Why give PayPal control of your business and your money? Now you can have all the benefits and security of a Real Merchant Account with absolutely no setup or application fees!

What is a Payment Gateway

A payment gateway is an e-commerce service that authorizes payments for e-businesses and online retailers. It is the equivalent of a physical POS (point-of-sale) terminal located in most retail outlets. A merchant account provider is typically a separate company from the payment gateway. Some merchant account providers have their own payment gateways but the majority of companies use 3rd party payment gateways. The gateway usually has 2 components: a) the virtual terminal that can allow for a merchant to securely login and key in credit card numbers or b) have the website's shopping-cart connect to the gateway via an API to allow for real time processing from the merchant's website.

Complete the Merchant Application by clicking on the Link Below.

Link: http://0066b01.netsolhost.com/fdis/malone/preapp.html

We also offer telecheck.
We offer food stamp set-up for retail businesses.

Reggie Malone Senior Account Executive First Data Independent Sales

Cardservice of Virginia

2645 International Pkwy, #101

Virginia Beach, VA 23452

(800) 297-1216 ext 307

(757) 689-0067 Fax

(757) 213-7307 Direct Line

What is a Merchant Account?

A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account also serves as an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions.

What is a transaction fee?

This amount is charged each time a transaction is submitted for authorization and any time a daily batch is closed. It is in addition to the discount rate.

When is the transaction fee charged to my account?

Transaction fees are charged in the first week of each month and will recap the transactions for the previous month.

What is a discount rate?

A discount rate is a percentage of each transaction charged to the merchant. Every bank charges a discount rate to merchants that accept credit cards. The discount rate charge is the lowest for transactions that carry the least amount of risk and higher for transactions that carry more risk of fraud and chargeback.

What is this eCommerce and how can it benefit my business?

Electronic Commerce, commonly known as (electronic marketing) e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail as well.

A large percentage of electronic commerce is conducted entirely electronically for virtual items such as access to premium content on a website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is sometimes known as e-tail. Almost all big retailers have electronic commerce presence on the World Wide Web.