answersLogoWhite

0

Merchant Accounts

Businesses use a merchant account to accept payments via credit or debit card by a consumer. It’s a bank account which comes in three forms; retail, main/telephone order and internet merchant accounts, and is depended on the business’ needs.

273 Questions

How do you calculate taxable cost if total cost with tax is given?

User Avatar

Asked by Wiki User

I had to do this a couple of times, before I ignored the algebra and just went the easy way. C = P/1.06 Total Cost - Price = P Cost - In store cost = C Tax Rate = T C + T = P and T = C * .06 (or whatever your tax rate is) Substituting: C + (C * .06) = P 1C + .06C = P (Understood 1, base is the same, so you can add it together.) 1.06C = P C = P/1.06 Example, Total Cost - Price = $61.94, Tax Rate - T= .06, Find the original In Store Cost - C C = P/1.06 C = $61.94/1.06 C = $58.43 To Check, Original In Store Cost - C $58.43 * Tax Rate .06 = $3.51 Tax Add Cost to Tax = $58.43 + $3.51 = $61.94

What are the requirements to set up a merchant account?

User Avatar

Asked by Wiki User

To set up a merchant account you will most likely need the following:

  1. Copy of your drivers license- this is for signature verification
  2. Copy of a printed check- Proves the account belongs to you
  3. Copy of a business licence or utility bill- to prove the business address
  4. Copy of a home utility bill- If your license is not your current address and you are not listed in the phone book they may require proof of your home address
  5. Marketing material-some processors require a website or flyer for more proof that your company is real

How does a PayPal merchant account work?

User Avatar

Asked by Wiki User

Essentially, a PayPal merchant account goes between you bank account and the customer, giving you the chance to charge for merchandise. The money goes through PayPal, and you can draw out into your account

How do I contact Intuit merchant services?

User Avatar

Asked by Rogerisme2323

The toll free telephone number to contact Intuit merchant services is 877-580-3714.

What is the highest rating Korean drama?

User Avatar

Asked by Wiki User

Most of the highest rated k-dramas are old ones from 1990's or early 2000's, but the korean drama with the highest rating EVER so far is First Love which came out in 1997.

What are the top companies that provide merchant accounts services?

User Avatar

Asked by Wiki User

Top companies that provide merchant accounts services are Flagship Merchant Services, National Bankcard and Merchant Warehouse. Additional top companies that provide merchant accounts services are Merchant One, The Transaction Group and Gotmerchant.

What type of merchant accounts could someone open with bad credit?

User Avatar

Asked by Wiki User

Someone with bad credit could open a merchant account with their bank, provided that their bank offers merchant accounts. Additionally, someone with bad credit could open a merchant account overseas, as overseas merchant processors don't typically pull credit reports.

What are some of the places that provide services for managing international merchant accounts?

User Avatar

Asked by Wiki User

There are various services that offer international merchant account management. Some services for international merchant accounts include Instabill and PacNet Services, Ltd.

Which credit card merchant accounts have the lowest rates?

User Avatar

Asked by Wiki User

Flagship Merchant Services, Merchant Warehouse, and National Bankcard are credit card merchant accounts that have the lowest rates. One can continue to check Business News Daily for more information.

Where can one find more information about authorize net merchant accounts?

User Avatar

Asked by Wiki User

One can find the information about authorize net merchant accounts from a number of online sources some of them are: Authorize dot Net, Total online solutions on merchant Accounts and United Bank Service.

What services does the Discover Network offer holders of their merchant accounts?

User Avatar

Asked by Wiki User

They offer marketing support, merchant business solutions, terminal test instructions, and authorization best practices. They also offer signage & logos, and Discover eCentral merchants.

How can one compare merchant accounts?

User Avatar

Asked by Wiki User

Merchant accounts can be compared on websites like 2013 Best Merchant Services Reviews and comparisons. The top three merchant accounts are Flagship Merchant Services, Merchant Warehouse, and National Bankcard.

What are retail merchant accounts used for?

User Avatar

Asked by Wiki User

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.

Where could one find a comparison of merchant accounts?

User Avatar

Asked by Wiki User

Business News Daily published an article that was a comparison of merchant accounts. The article was written for beginners to help them choose the best merchant account.

Where can one find information on acquiring offshore merchant accounts?

User Avatar

Asked by Wiki User

One can find online a website called info where high risk management accounts of merchants can be found. One may also want to read financial reviews on this subject.

Where does one sign up for merchant accounts online?

User Avatar

Asked by Wiki User

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.

Where can one find merchant accounts online?

User Avatar

Asked by Wiki User

One can find merchant accounts by visiting several different websites. Some examples of websites who offer merchant accounts are: SagePay, WorldPay, Paypal and GoDaddy.

What banks in the US offer business merchant accounts?

User Avatar

Asked by Wiki User

Most banks in the USA offer business merchant accounts. A business merchant account is an account that is set up to receive payments by credit card and debit card. Occasionally, a third party is also involved in the account, such as a credit card company.

Is Total-Apps a good Solution for Online Credit Card Processing?

User Avatar

Asked by TotalApps

That's an easy answer, "yes!" My bank referred me to Total Apps and I've been with them for about 1 1/2 years.

So far so good. No surprises and no problems.

How do offshore merchant accounts work?

User Avatar

Asked by Wiki User

"Offshore merchant account is basically set up to enable a commercial business that accept credit card payments online. This businesses require the services of an offshore merchant account provider that would accept this payments on their behalf and then send in payments into their local bank account, also be aware that this merchants charge heavily for their services."

Can you get a merchant account without a credit check?

User Avatar

Asked by Wiki User

Good question! For a merchant account, the 'creditworthiness' factor is usually always checked and might affect the decision for the approval. Poor credit would almost invariably result in the disapproval of your request for a merchant account. So instead of trying now and getting rejected, I'd suggest hanging on for a while - try and improve your score in the near future, and then go to a merchant account provider like CreditCardProcessing.com. These guys reviewed my creditworthiness and explained the benefits of having a good credit score. What's more, I discovered that Credit Card Processing was not just an affordable merchant account provider, but efficient and safe, too. Check it out!