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Any business that wants to accept electronic payments needs to have a merchant account, which is entirely different than a business checking account.
A merchant account is essentially a payment processor that transfers electronic transactions to the business checking account. One of the most popular of these merchant accounts is PayPal, which is the most widely used merchant account available.
PayPal merchant accounts have many benefits:
- No setup fee, no cancellation fee, month-to-month contract.
- Competitive, low monthly rate and fee structure.
- One processor for PayPal, debit and credit card transactions.
- State of the art fraud protection.
- Merchant account option available with no credit check.
- Easily integrates with over 50 shopping-cart systems.
- Fully customizable for a merchant's particular needs.
Many payment processors charge fees such as:
- Application fee.
- Programming fee.
- Gateway fee.
- Virtual terminal fee.
- Customer service fee.
- Statement fee.
- License fee.
- Security fee.
PayPal charges a flat monthly fee and a competitive discount rate. In addition, when PayPal is used for a merchant account, customers do not leave the merchants site when making a payment. Additionally, PayPal offers a convenient shipping function, complete with a packing slip, so that merchants can efficiently complete a sales transaction.
Unlike many processors, PayPal does not charge an additional fee for a virtual terminal since their system includes acceptance of faxed, phone and email orders as well as online order processing.
For customers who have recurring periodic charges such as subscriptions or automatic shipments, PayPal also offers an invoicing function that bills the customer automatically and when they remit, the payment is immediately credited to the merchants account; it can then be transferred to their bank account or accessed directly through use of the PayPal Business Debit MasterCard.
Although many payment processors charge extra for customer service, PayPal includes 24/7 customer service support in their monthly fee. Businesses with monthly revenue in excess of $50,000 will be assigned a dedicated account manager.
PayPal has state of the art security measures built in to their website. However, merchants who have specific security issues can add up to 17 additional fully customizable filters to target their websites particular needs.
Whatever the business type or need, PayPal has a merchant account that will fit their needs in a cost-effective manner.
What else can I help you with?
Where can you obtain internet merchant accounts?
Paypal is an internet merchant account. You can also obtain internet merchant accounts through The Transaction Group, Merchant Group, and Merchant Plus.
Where can one find merchant accounts online?
One can find merchant accounts by visiting several different websites. Some examples of websites who offer merchant accounts are: SagePay, WorldPay, Paypal and GoDaddy.
Where can one find a Visa Merchant account?
You contact a merchant company like Paypal or Merchant focus, and apply for your merchant account. Once approved you can start using it. There is more then the two companies mentioned above that provide merchant accounts.
Where does one sign up for merchant accounts online?
A merchants account can be signed up for at Paypal. This account will allow you to use Paypal as a payment option when selling items from your business.
What are retail merchant accounts used for?
A retail merchant account allows a business to accept payment from credit and debit cards, typically through an aggregate bank, or third party such as Paypal.
Do all PayPal accounts have a merchant id?
No, all PayPal accounts do not have a merchant ID.
Where can you obtain internet merchant accounts?
Paypal is an internet merchant account. You can also obtain internet merchant accounts through The Transaction Group, Merchant Group, and Merchant Plus.
Where can one find merchant accounts online?
One can find merchant accounts by visiting several different websites. Some examples of websites who offer merchant accounts are: SagePay, WorldPay, Paypal and GoDaddy.
Where can one find a Visa Merchant account?
You contact a merchant company like Paypal or Merchant focus, and apply for your merchant account. Once approved you can start using it. There is more then the two companies mentioned above that provide merchant accounts.
Where does one sign up for merchant accounts online?
A merchants account can be signed up for at Paypal. This account will allow you to use Paypal as a payment option when selling items from your business.
How can I start an online merchant account?
There are many companies that offer merchant credit card accounts. Google Checkout and PayPal offer easy to set up. low cost options.
Where can I find an internet merchant account for my new website that does not require a lot of programming knowledge?
The simple answer is paypal.com. Paypal's rates are comparable to other merchant accounts and the process is user friendly.
What are retail merchant accounts used for?
A retail merchant account allows a business to accept payment from credit and debit cards, typically through an aggregate bank, or third party such as Paypal.
How do I remove merchant ID from paypal?
Once you have a PayPal merchant I.D. it appears that there is no way to remove it. Having a merchant I.D. does not mean that you have to have a merchant account, or that the number affects your account in any way. It just is there if you ever need it. You can still use PayPal's regular, non -merchant account; you just can't get a PayPal debit card.
Getting a merchant account for a website?
Merchant accounts can be set up for free through merchant services like PayPal. These services allow you to accept credit card payments from customers and collect online transaction fees without needing to make frequent trips to the bank. Head over to PayPal and their website can help you go from there.
Where can one find more information about low cost merchant accounts?
If one wanted to find out more information about low cost merchant accounts, one can easily do so by visiting their local bank. Other options are Go Daddy or even PayPal.
What is the purpose of an online merchant account?
The purpose of an online merchant account is to sell things online. Online merchants need a merchant account or internet merchant account in order to accept payments. Merchant accounts are supplied to online traders by banks and payment service providers like PayPal and, in the UK, Nochex.com.
