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Nowadays, any business that is bigger than a mom and pop store needs to get a merchant account. A merchant account allows businessmen to accept credit card payments. These accounts transfer the currency from the consumer’s credit card account in the merchant banks account. These days most consumers prefer to shop using their credit/debit cards and if you can’t afford to turn down customers just because of their inability to pay in cash, you better do your business a favor and apply for a merchant account.

Merchant accounts lead to safe and quick financial transactions and give a rapid boost to most businesses. Moreover, they drastically cut back on paper work, phone calls, marketing and operating costs. They also help you save on labor costs for endless entry of data. The type of business you own dictates the kind of merchant account you apply for. There are basically three types of merchant accounts – Retail, Internet and mail/ telephone orders.

Retail merchant accounts are for those businesses that operate in the real world environment and see their customers face to face. The processing fees for retail merchants are the lowest, because personally swiped orders have the least risk of frauds and chargebacks. Internet merchant accounts are perfect for those who operate in the online environment. Internet merchant accounts come with an Internet gateway as their merchant solution. A gateway allows for real time card processing that is automatically handled when the customer enters the credit card number. Processing fees for Internet merchant accounts are higher because of greater risk of frauds. If you are receiving orders through mail, fax or phone you will need to apply for a virtual terminal that will allow you to manually complete your transaction through the net. The information entered by you will be carefully processed, and the money will be wired into your business account within two to three business days.

By logging onto the Advanced Merchant Services you can browse through the various merchant account options and select the one that suits the needs of your business best. There are several unique advantages of applying for an account with AMS. Advanced Merchant Services, is the only company that offers the Price Bust option in their website. Through it you can browse through the website of all our competitors and if you find a site offering you a lower rate we will immediately beat it by 5%. Moreover, we are also offering a free credit card machine with every new merchant account opened with us. So, visit our site at www.merchant-accounts.com for any information you may require on merchant services.

If you want to boost sales and traffic to your site, it is imperative to offer multiple payment processing options. There are many different ways to process your orders. You can do it through credit card payment processing, ach payment processing, debit card payment processing, electronic check processing, using a toll free number, or by mail.

By offering many different ways to pay for your product or service, you will allow more people to spend money with you. There are many different ways to take payments these days. Make sure that you make it possible for just about anyone to place an order with you.

When you limit the amount of ways to process payments, you will lose money. You want to have the most ways possible of processing payments. It is challenging enough to get visitors to your website, don’t lose out because you don’t provide the means for them to pay.

Credit card payment processing is by far the biggest payment method out there. About 90% of sales come this way. It would be ill advised to remove credit card payment processing from your way of selling products. Nowadays, there are payment processors that take check payment processing, credit card payment processing, 800 number payment processing, and 900# payment processing. Take the time to investigate all the different ways to take orders.

It is easy to accept credit cards on your site now. There are many different ways. One of the more popular ways of taking credit cards is through using Pay Pal. Pay Pal is an online payment processing company. This is called third party payment processing. Their system is very simple to use and a great tool to transfer funds to you, because there is minimal worry by the client. They also have a great tracking system which protects you as well as the clients themselves.

It is also possible to take payments using a toll free number and order forms that you can print off of your site. These are easy to keep track of, but have to be done manually. There are ways to pay companies to do this sort of payment processing. This is called an offline transaction.

In conclusion, don’t limit the way you do payment processing. Process your orders using a variety of methods to eliminate the chance that someone goes to another website to process their order. Use a variety of payment processing tools, because a sale is still a sale. God bless you.

Offering consumers online payment processing alternatives could be the differentiating factor between whether a customer brings their business to you or a competitor. Accepting non-credit card payment options such as ACH payment processing (and eChecks) means that your customer base won’t have to worry about stacking up debt on their credit cards. In addition to saving them a potential credit hassle, there are many other benefits to ACH processing. The following is a brief introduction into how merchants and their customers can benefit from ACH payment processing and related features.

What is ACH Payment Processing?

It is important to know that ACH payment processing differs from credit card processing in that it does not provide real time authorization of transactions – instead, it allows funds to be electronically debited or credited to a company’s or individual’s deposit account within a few days. This processing enables you to debit customers directly to their bank accounts; accept payments by phone, online, or in-store; set up recurring billing; and convert paper checks into eChecks.

How will ACH Payment Processing save money?

Unlike credit card processing, which usually takes a percentage of the transaction, ACH transactions are a less expensive option for the merchant because they often take one low fee per transaction. In addition, customers won’t have to pay credit card interest rates or the fees associate with using paper check (purchasing the checks and postage). Also, by using the ACH network both customers and merchants can save money by taking advantage of eCheck processing and recurring billing features.

What is eCheck Processing?

An eCheck is a type of ACH transaction. This process allows a merchant to take a paper check, run it through a check scanner, and submit it for payment electronically. This will save the merchant countless hours running to and from the bank, but process just as if the merchant handed over a paper check.

Another way to process an eCheck is to submit the information provided on a paper check through a secure, web-based system. By entering the Bank name, along with the account and routing number, the transaction can be submitted through the ACH system. This method can be accepted through check by phone transactions, online bill pay, or be set up on recurring monthly charges.

How can Recurring Billing help my business?

Having the convenience of scheduled payments will help improve cashflow by having payments automatically deposited in your account. In addition, if electronic invoicing is set up with the system, time and money will also be saved by not having to worry about manually invoicing customers. For the customer, they won’t have to worry about incurring late fees or have to worry about collecting paper invoices.

Recurring billing is a convenience that can easily be overlooked, but because both parties save time and money, it is important to make sure it is a core part of a payment processing system.

Save Time and Money with ACH Payment Processing and eChecks

No longer does a customer need a credit card to make an online purchase. In fact, with the ACH network merchants can accept payments with lower transaction fees. And aside from the merchant benefits, accepting secure, quick processing ACH payments could be the online payment alternative that your customer is looking for.

Note: In terms of security, the ACH network is governed by the National Automated Clearing House Associate (NACHA), which promotes the development of electronic payments, while developing and providing initiatives for risk management – because this is the same network federal banks and government institutions use, this system is highly-reliable and secure.

This article is brought to you by PaySimple, a leading provider of ACH Payment Processing services.