When it comes to accepting credit and debit cards, the process may be more involved than you might think. Rather than having the customer swipe the card and the money landing in your bank account, there is an entire process called merchant services that you need to know about. It only takes seconds for most of it, but there are still different things that happen every step of the way.
1. You receive the customer's credit card. This can be done with a physical swipe process (or by entering the number manually at the credit card terminal), or it can be entered as a card number through you...
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Observations
Merchant Accounts – Considerations
Merchant account costs: When it comes to choosing a merchant account – and on a merchant account provider – one of the most important considerations is cost. Sure, cost should not be the only thing you consider when choosing a merchant account, but it is very important. After all, you are a business. The idea is to make a profit. High cost merchant accounts can result in lower profits. So cost is a factor.
Another way to look at cost is to take it beyond simple numbers. Think of cost in terms of value as well. It's not just paying the smallest amount. Really, your consideration of cost...
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