Wednesday, September 24, 2008

Need help finding a 3rd party creditcard processor?

Getting 3rd party credit card processors is one of the vital things you will need to do for your e-commerce business. Without a merchant account you will not be able to take payments effectively which will seriously impede your orders.

In order to take creditcard orders swiftly and efficiently on the Internet you will want to decide on a third party credit card processor. There are a variety of alternatives for you to contemplate. Most will charge a start up fee and a portion of each sale. Unlike normal merchant accounts, most third partycreditcard processors don't levy monthly fees and some can be cost nothing apart from the per item fee. Here’s a site listing 3rd party processors. Let us look at a few well-liked ones:

Pay-Pal is one of the most popular 3rd party processors. One of the reasons for this is the fact that they do not charge a start up payment. It is also easy to set up on your website. Pay pal gives good directions for this and will also offer subscription and shopping cart choices for your customers. It is well known but is also has problems. There are limitations on certain regions with paypal. This type of processing is good to initially start with but try to have an alternative one as backup for your buyers.

Worldpay has a small start up fee nevertheless it is good for international enterprises. It offers the same services as pay pal.

Another option to third party credit card processing is to obtain an official merchant account and take credit card orders in your company name. This will take a while and will probably involve different fees such as monthly account charges. The decision as to whether to go for a full credit card processing account or use a 3rd party payment service is simply a question of crunching the numbers.

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