Merchant Accounts: Simplify Your Payment Processing System Instantly

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<h1>Merchant Accounts: Simplify Your Payment Processing System Instantly</h1><strong> Author: <a href='http://www.articleseen.com/profile_Isabel Walsh.aspx'>Isabel Walsh</a></strong><br /><p>If you want your business to grow and thrive, you should consider opening a merchant account. Merchant accounts offer numerous advantages and they allow businesses to accept credit cards from their customers. Merchant accounts are essential for any type of business. Several different types of merchant accounts are available including Internet merchant accounts, mail order merchant accounts, telephone order merchant accounts, and mobile merchant accounts. Increase Your Credibility Research shows that consumers view businesses and companies that accept credit cards as being more reliable, trustworthy, established, and financially stable. Consumers believe that these businesses are more legitimate than businesses that only accept cash payments. Build a Large Customer Base and Increase Your Sales Research shows that more and more people are using credit cards and debit cards when they shop. Some people use them for small purchases and others use them for larger, more expensive purchases. As a result, a merchant account will help you attract new business. Studies also show that customers who use credit cards are more likely to spend more money when they are out shopping and shop more often, so a merchant account will increase your sales and boost your business. In addition, many people use their credit cards as a way to earn points, free miles, or cash back, so you will make more money if you open a merchant account. It is also important to note that if you accept credit cards, your new customers are more likely to return to you again in the future. Boost Your Online Business If you operate your small business online, you can boost your sales and profits by accepting credit cards. If you only accept checks, bank withdrawals or money orders, you will lose customers to your competitors. Research shows that consumers feel safer using credit cards for online purchases because credit cards offer fraud protection. If you want to succeed, you should start accepting Mastercard, Visa, American Express, and Discover from your customers. Encourages Impulse Shopping Research shows that consumers who use credit cards are more likely to make impulse purchases than cash shoppers. Impulse shopping can increase your revenue dramatically. Simplify Your Bookkeeping System A merchant account will help you keep your finances in order. A merchant account will allow you to automate your income and keep your records in one location. If you open a merchant account, you will receive monthly statements. Merchant Accounts Are Affordable Merchant accounts are inexpensive. Today's merchant account fees are low, so a small business will have no problem accepting credit cards. In fact, most businesses increase their profits by accepting credit cards, so that money can be used to cover the merchant account expenses. You can double your current sales by accepting credit cards, so it's worth it. It is also important to note that if you shop around, you should be able to find a merchant account for a sensible price. Receive Your Funds Quickly If you open a merchant account, you won't have to wait weeks to get your money. When a customer makes a purchase with a credit card, you will have your money in about a day or two. The funds will be deposited in your business checking account. Also, keep in mind that while you receive payments in full, your customers will have the option of making payments to their credit card provider. Easy Setup Many people think that setting up merchant accounts is a tedious process, but that is not the case. The truth is that business owners can be up and running in only a day or two. If a merchant provider cannot set you up quickly, you may want to consider finding another provider. Further, keep in mind that you can apply for a merchant account online. The application is simple and the entire process is very easy. After you apply for a merchant account, you will find out if your application was approved in about 7 to 10 days. A merchant account will make your business more profitable and it will keep your accounting system more accurate and streamlined, so keep that in mind if you want your customer base and sales to grow. Just make sure you review your options before you open a merchant account. Find out what it will cost you and check to see if the provider offers technical support and customer service help. Find out what the provider's return policy is, and if you will get a warranty for the equipment you are provided with. Find out if there are any hidden fees or fees for canceling a contract. Some merchant account providers require that their customers open a new checking account, but some will let you use a current checking account. If you inform yourself, you will have an easier time making a decision and choosing a provider that meets your needs. </p><strong>About the Author:</strong><br />Isabel Walsh is a freelance writer who writes about a range of topics including businesses and <a rel="nofollow" href="http://www.nabancard.com"><b>merchant accounts</b></a>. <p> Article Source: <a href='http://www.articleseen.com/Article_Merchant-Accounts-Simplify-Your-Payment-Processing-System-Instantly_26384.aspx'> http://www.articleseen.com/Article_Merchant Accounts: Simplify Your Payment Processing System Instantly_26384.aspx</a></p>

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