Comments on: What credit cards will my business be able to accept? http://thebestmerchantaccounts.com/232 Tue, 31 May 2011 09:24:11 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Cliff P http://thebestmerchantaccounts.com/232#comment-290 Cliff P Tue, 11 Aug 2009 23:16:12 +0000 http://thebestmerchantaccounts.com/232#comment-290 There are many options available depending on what type of business you have. In addition to the top 4 : VISA/MC/Discover/AMEX, you may also have Diners Club if you have a resturaunt. If you have a convenience store offering gasoline, you may also want to consider Fleet cards such as Fuelman and Voyager. There are a few requirements for new businesses to complete before they can process cards: Business License Business Bank Account Fair Credit if you have retail business Good credit if you have Internet business For the major accounts (Visa & MC) your pricing will differ greatly depending on the type of transactions you take. Such as: How you take payment: Mail, telephone, In person Swipe What type of customers do you service: Business or Individual What ever the case you can expect to pay somwhere between 2.50 - 3.00% of the dollars you sell through credit cards. You will also find that most proceesors will charge you for the equipment to process the cards. I have found a proceesor who provides great rates and FREE equipment placement: There are many options available depending on what type of business you have. In addition to the top 4 : VISA/MC/Discover/AMEX, you may also have Diners Club if you have a resturaunt. If you have a convenience store offering gasoline, you may also want to consider Fleet cards such as Fuelman and Voyager.

There are a few requirements for new businesses to complete before they can process cards:

Business License
Business Bank Account
Fair Credit if you have retail business
Good credit if you have Internet business

For the major accounts (Visa & MC) your pricing will differ greatly depending on the type of transactions you take. Such as:

How you take payment: Mail, telephone, In person Swipe
What type of customers do you service: Business or Individual

What ever the case you can expect to pay somwhere between 2.50 – 3.00% of the dollars you sell through credit cards. You will also find that most proceesors will charge you for the equipment to process the cards.

I have found a proceesor who provides great rates and FREE equipment placement:

]]> By: emmettgolf http://thebestmerchantaccounts.com/232#comment-289 emmettgolf Mon, 10 Aug 2009 00:18:17 +0000 http://thebestmerchantaccounts.com/232#comment-289 Go to for free information Go to for free information

]]> By: Bryan J http://thebestmerchantaccounts.com/232#comment-288 Bryan J Sun, 09 Aug 2009 13:52:34 +0000 http://thebestmerchantaccounts.com/232#comment-288 As a business, the four major credit cards are the ones that you can accept. Visa, Mastercard, American Express and Discover. When wanting to set up an account, you must first consult with the acquiring bank to ***** your business. This will allow the merchant to ***** what kind of fees and charges you will be required to pay for each transaction (they take a percentage of each total sale.) They will review: your business history and performance business accounts your forecast turnover average transaction values transaction frequencies the type of goods you sell the proportion of transactions you expect to receive by phone or online your suppliers' details how you deliver your goods or services It takes between one and four weeks to open a merchant account. The process may take slightly longer for start-up businesses and banks may want to see additional information such as a business plan and cashflow forecasts. As a business, the four major credit cards are the ones that you can accept. Visa, Mastercard, American Express and Discover.

When wanting to set up an account, you must first consult with the acquiring bank to ***** your business. This will allow the merchant to ***** what kind of fees and charges you will be required to pay for each transaction (they take a percentage of each total sale.)

They will review:

your business history and performance
business accounts
your forecast turnover
average transaction values
transaction frequencies
the type of goods you sell
the proportion of transactions you expect to receive by phone or online
your suppliers’ details
how you deliver your goods or services

It takes between one and four weeks to open a merchant account. The process may take slightly longer for start-up businesses and banks may want to see additional information such as a business plan and cashflow forecasts.

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