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 You
do most of your sales through the mail or over the phone.
If you do not actually swipe a customer's credit card through
a card reader and get an ink signature on a receipt, your
rates will be higher because Visa and Mastercard assume
higher risks when the card is not present for merchant examining
and swiping.
- Merchant Account
Providers
Merchant account providers represent a bank and offer
a variety of products and services that enable you to
accept credit cards as payment from customers.
- Third Party Merchant
Services
They accept credit cards payments on your behalf in exchange
for various fees and percentages. You won't need hefty
setup fees.
- Banks
If you have been in business more than two years and have
good credit, you may ask your local bank to get the lowest
possible discount rate.
- Software processing
- most widely used for mail-order merchants
Credit card processing software operates through your
computer's modem and phone line.
- Terminal processing
You can either swipe the credit card through the machine
or enter the credit card numbers manually via the keypad.
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