Credit Card Processing Through Merchant Solutions

Choose A Credit Card Processing Company With A Reputation

There are a lot of credit card processing companies to choose from. How do you know which one is right for you? Merchant Solutions, LLC is a reliable and affordable partner that will assist you with all of your credit card processing needs. We work hard to beat our competition by focusing our efforts on delivering the best customer service and the lowest prices possible.

At Merchant Solutions we can help you broaden your customer base by letting you accept all forms of payment. We offer the equipment and the resources for you to make the most of your merchant account. There aren’t many credit card processing companies that can match our affordability and technical expertise. We offer solutions for online businesses, retail establishments, home based businesses, and wireless solutions for companies on the go.

We stock the latest models of PCI DSS compliant credit card machines, as well as check readers, pin pads, and credit card processing software. You can rely on our products and services to help your company get started processing credit cards with minimal trouble. We can help you get set up and will continue to help your business whenever you need us.

Credit card processing companies offer a service that requires the trust of their clients, since we are working with such sensitive information. At Merchant Solutions we are determined to providing you with the equipment and customer service you need, whether you are an enterprise level business, or if you run a single brick and mortar shop in your community.

Merchant Solutions is a credit card processing company dedicated to helping retailers find ideal business solutions for all of their payment transaction needs. Whether your business is large or small, mobile or home-based, we have the perfect plan for you. Getting started is fast, simple, and more economical than you will believe.

Retail Merchant Accounts
Internet or PC Processing
Home Based Processing
Wireless Credit Card Processing
Mail Order / Telephone Order
Merchant Cash Advance

Outsourced Payment Processing Vs In-House

If you are a company that participates in eCommerce and stores, processes, or transmits credit card data, you are required to be PCI compliant. In other words, there is a certain set of standardized security protocols that you must adhere to. For those who don’t, the Payment Card Industry has also instituted a number of stiff fines and penalties.

The quicker a merchant becomes PCI compliant the quicker they can lay those worries to rest. And a merchant has two choices that they can take. One: outsourced payment processing. Two: in-house solutions. Which one is better? And which is more accessible?

If a merchant attempts to take care of their payment processing in-house, there will be a number of issues they will immediately have to deal with. From the start there are hardware and software installs that are complex and costly. And then are you even sure that you’ve got the best possible system? And then there’s the issue with maintenance and upgrades. Technology never stops evolving, and criminals are always looking for new methods to break into your system. Can you keep up?

Outsourced payment processing, on the other hand, means that you are entrusting your information to a company that specializes in maintaining top flight security and has the resources to devote to staying up-to-date. When you outsource your payment processing solutions you never have to worry about IT maintenance or hardware and software upgrades.

In-house payment processing also has a very steep learning curve. Not only do you have to implement software and hardware solutions, but you’ve got to learn the intricacies associated with them. As busy merchant, do you have the time to start up that long hike?

If you take a little time to find the right company for your outsourced payment processing needs, you can find a company with the knowledge and experience to help you set up for processing payments as well as keeping you updated as your company continues to grow.

PCI compliance consists of 12 separate requirements, made up of over 200 individual security controls. Compliance is not a simple thing to achieve, and can take anywhere from 6 to 18 month to accomplish in-house. These requirements range from installing firewalls and virus protection to limiting physical access to logging and reporting on every action taken on sensitive systems.

Wen you choose outsourced payment processing solutions, however, you can significantly cut down the time required to achieve compliance. Why? Because all the new procedures and standards required by the PCI DSS are already in place. The precautions, the security, and, most importantly, the support are already positioned to help your company with your PCI needs.

Outsourced payment processing is also a good choice for the long run. If your planning on staying in business for any length of time, then your business must grow. As it grows, the demands on your payment processing system will also grow. In-house means money out of your own pocket to install upgrades. If you’ve outsourced your payment processing to the right company like merchantsolutionsllc.com, however, you can grow as fast as needed without having to expend significant resources on the effort.

So are there any benefits to payment processing in-house? Some. But only if your company really has the time, people, and resources to do it properly.

As more and more stories about security breaches and compromised personal information reach the public notice, the Payment Card Industry is going to start coming down harder on merchants who fail to reach compliance. The fines and penalties will continue to get worse because the success of the PCI depends on maintaining the integrity of their service.

As such, the sooner you become PCI compliant, the sooner you can experience the benefits. And outsourced payment processing is one of the best ways to reach compliance quickly and effectively.

Check our products about Merchant Accounts & Credit Card Processing Terminal:

• Terminals
• 
  Pin Pads
• Check Readers
• Software

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Card Processing Risk For Travel Agencies

Before they set up an eCommerce travel agency, merchants should understand the potential sales agent liability associated with selling air fares online. Understanding risk exposure will help you take adequate steps to minimize it and protect your travel agency from losses associated with chargebacks resulting from customer disputes and fraudulent transactions. As a sales agent of an airline, for example, your travel agency may be liable for the entire amount of an airline ticket if it is successfully disputed by the customer or purchased with a stolen card account number. To mitigate risk, you need to establish eCommerce policies and procedures to address the following issues:

An authorization request that is approved by a card issuer indicates that the account is in a good standing. However, the transaction authorization approval is not a proof that the legitimate cardholder is making the purchase, nor is it a guarantee of payment. Be advised that, in most cases, airlines are liable for fraudulent card-not-present transactions, even when they were approved by the card issuer. As a travel agency, your organization may not necessarily be a Visa or MasterCard merchant subject to the Credit Card Associations’ rules and regulations. However, the airline is a Visa and MasterCard merchant and it is subject to their rules and regulations. Be advised that, in most fraud-related transactions, the airline transfers financial liability to the travel agency it has partnered with as part of the contractual agreement. In such cases your organization will bear the full financial responsibility.

Given the above examples, it is understandable why travel agencies are included among the highest-risk card processing merchants on both Visa’s and MasterCard’s lists. When selecting a payment processing partner to provide your merchant services, be sure to choose one with experience in working with travel agencies and other high-risk merchants. Your processor must be able to assist you in developing and implementing your fraud-prevention procedures and be proactive in identifying and correcting potential weak spots in your processing cycle.

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Successful Ecommerce Processing Means Effective Credit Card Processing

Successful Ecommerce Processing Means Effective Credit Card Processing
The emergence of the Internet in everyday life has helped to not only enhance personal communication and growth, but has had a dramatic effect upon how modern day commerce is conducted. Once limited by physical retail locations, business entrepreneurs first attempted broadening a consumer market through products advertised for long distance sale and shipping in magazines, newspapers, catalogues, radio and television as communication technology evolved.

This evolution produced today’s Internet and a new host of commerce opportunities commonly known as e-commerce. This process usually involves a website where goods and services are offered and payment for these in a variety of ways including credit cards. The e-commerce processing of product and or service payments is essential for the success of any online “e-tailer.” Therefore, online merchants have to pay particular attention when choosing a credit card processing system.

There are a number of factors that need to be considered when making a choice for your e-commerce processing. One area that needs careful consideration are the array of different fees accompanying any type of credit card processing especially online.

Bank And Card Company Fees

Even if your bank handles the transaction – it is important to make sure that a registered service provider performs the necessary relay connection. Be wary of service providers charging exorbitant fees – sometimes up to 5 percent. The card company also charges the merchant a fee when depositing funds into their account. Most often, fees will be based on your prospective annual usage either determined based on your prior experience or based on industry standards. Other fees, or charges, may have some negotiable aspect determining the amount.

Equipment

Credit card processing equipment can run from simple models for a few hundred dollars to extremely sophisticated computer operated systems requiring proprietary software. Equipment costs should also include whatever conveyance used to transmit like the Internet or a separate telephone line.
Buying speed

Negotiations may include fees based on a sliding scale determined by the amount of time it takes for you customer’s money to appear in your account. Some added-on monthly fees “allow” merchants to choose a variety of “lag” times available from the exact point-of-purchase time to when you, the business owner, can spend this money. The quicker the “lag’ time, the larger the fee. Keep in mind that the processor must pay a fee to the credit card company that sometimes is attempted to be recouped through “other” type fees not associated with this cost. Select a “registered” provider to ensure you aren’t being charged hidden fees. Be careful to read all the fine print notices and ask all the questions needed to get that information to make a wise choice.

Always check out incidental fees like termination costs because most contracts follow an industry standard of three years. Additionally, check to see what fees are charged for processing items other than credit and debit cards like gift certificates or checks.

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Merchant Account Fees You Can Avoid

Merchant Accounts Fees You Can Avoid
While shopping for an online merchant accounts it can be pretty hard for laymen to understand the countless costs, rates, fees, and other expenses charged by most merchant service providers. Most of these charges are absolutely legitimate but there are a few that are unnecessary and should be avoided. This includes charges like Gateway Fee, Swipe Terminal Hardware Fee, Programming Fee, Batch Fee/Daily Close-out Fee, Annual Fee, Reserve Fund, Termination/Cancellation Fees, Foreign Card surcharges. Let’s understand what these charges are and how they needlessly add to your expenses.

• Gateway Fee: you may be charged $10-$30 by your merchant account processor for processing credit cards in real time.

• Wipe Terminal Hardware Fee – This basically includes the cost of terminal hardware used in retail transactions. They can expensive and can cost up to $300. If your requirements are simple avoid going the high tech terminal machines.

• Programming Fee – Some service providers charge up to $100 from businessmen who keep changing service providers. You should never agree to pay programming fees.

• Batch Fee/Daily Close-out Fee – Some companies charge a small daily fee of 10 to 20 cents for batching your transactions. This can easily be avoided by shopping for another provider.

• Chargeback Fee – Some merchant service providers charge an obscenely high amount each time a charge is refused by a customer. It may pay off to look for a lower chargeback fee.

• Annual Fee – Annual services have absolutely no justification and are an out an out excuse for minting money by service providers. The annual fees charged by service providers may be as much as $100 per year year.

These are a number of other charges used by service providers to increase their bottom lines and decrease yours. By logging onto Advanced Merchant Services and applying for a merchant account you can easily avoid all these charges. Let’s take the example of termination/cancellation fees. AMS won’t make you sign expensive contracts that will bind you to the company. Advanced Merchant Accounts, has complete confidence in the quality of its services and doesn’t need a punitive contract to keep its customers. Moreover Advanced Merchant Services also gives a free credit card terminal to all people applying for a merchant account. This gives you the option not paying hundreds of dollars for a hardware terminal. There are several other charges that you can avoid with AMS. So log on to www.merchant-accounts.com and discover the benefits of our service.

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