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Credit Card Processing Review
Credit Card Processing Review
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1
Flagship Merchant Services
2
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3
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5
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6
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7
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8
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9
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10
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11
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12
Merchant Credit Card
13
E-Commerce Exchange
14
Total Merchant Services
15
AmeriMerchant
16
Internet Media Solutions
17
Paynet Systems
18
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19
Credit Card Commerce
20
0 Down Merchant Accounts
21
U.S. Merchant Systems
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Credit Card Processing Review
Paypal vs Merchant Accounts
In this video we talk about the differences between using PayPal for online payment or credit card processing services.
If you are selling anything online, you need to be able to accept payment with credit cards. There are a couple of ways to do this, you can set up a Merchant account with a credit card processing company or you can use PayPal. Both options will get you paid but there are some differences you should be aware of. PayPal's largest draw is that it's simple to set up an account and almost anyone can get one. PayPal doesn't perform a credit check, and doesn't require you to provide a tax identification number. For those who are buying and selling on e-bay or doing a small amount of business PayPal is ideal. However, there are some of the drawbacks to PayPal; chief among them is that is that it has a very mom and pop feel to its interface. This may be perceived by some customers as being less than professional. PayPal gives you instant access to your payment if you have a PayPal card, again good for e-bay or small transactions, however once you get into the thousand dollar range, this solution simply won't work. A merchant account allows your business to incorporate credit card purchases into your web-based shopping cart. There are several advantages to setting up a merchant account like an intuitive interface for your customers, the ability to tailor your sales approach and ordering process to fit your customer's needs. Calculating shipping costs and taxes is also made easier. Some disadvantages include complicated fee structures and confusing startup fees. This can be overcome by shopping for a credit card processing company that provides the flexibility you need for both your business and your customer. In short PayPal is great for small minor business enterprises or e-bay. Its ease and simplicity make it the best solution on a very small scale. But once your sales starts getting into the thousands of dollars or you anticipate that they will then upgrade to a merchant account with a payment gateway system to save costs and reduce processing time. Make sure to check out the best credit card processing companies in our side by side comparisons at toptenreviews.com, including Flagship Merchant services the winner of our gold award.
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