Receiving payments by credit card

3 min read

If you have a business to sell products or services in person or online, you might want to take advantage of the popularity of accepted payments by credit card, companies that only accept cash or checks will be at a distinct disadvantage, since most consumers rely on the possibility of using a credit card or debit card to make purchases instead of carrying large amounts of money. If you have an online business, the ability to accept credit card payments will be vital to your survival as cash and checks are rarely used in online transactions.

Online shopping with digital tablet

Instructions for receive payments by credit card

  1. Search providers merchant accounts. A merchant account is a third party service as that enables credit card transaction between you and your credit card company. Its function is to verify that the customer has sufficient funds or balance in your account to make the purchase after the service deposits the funds in the amount of the purchase of your client in your bank account. You should look for offers different vendor accounts to find out which providers offer monthly service charges and lower transactions. PayPal is a popular service provider vendor. In addition, consultation with local banks in your area to learn about the services they provide.
  2. Create an account with the service provider you choose vendors. Typically, these accounts can be created online or by phone. Some banks need to go personally. You will be asked to provide your contact information (name, address, phone number, and e-mail), the name of your company and address (if necessary), your number of social security or identification number your business, and information from the bank account of the company.
  3. Get credit card terminal or application of credit card payments embedded in the HTML code of your website. If you have a physical store or want to spend the credit cards in person, you need to buy a credit card terminal to your high risk payment services provider or a shop selling office supplies. Contact your service provider for instructions vendors to link your terminal’s network of sellers. This process usually involves connecting the terminal to a telephone line and provide service provider for sellers phone number associated with the terminal. If you’re going to accept credit cards on your site, you need to create a payment page that incorporates the HTML code provided by the service provider vendors. If you do not have much experience in construction and design web pages, you should hire an administrator or web designer to do it for you.

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