Accept Credit Cards Online without a Merchant Account

What you're about to read about how to accept credit cards online without a merchant account is the result of ongoing interaction with companies such as clickbank and paypal, stormpay and others.

This article was written to answer some of the frequently asked questions and address common issues of interest. As for me I had to spend hours researching this topic myself as there was limited resources available when I began my internet career.

It is often assumed if you want to accept credit cards on your website that you must have a merchant account. This is not the case. You can accept credit cards with a Third Party credit card processor such as paypal.

1) What is a Third Party Credit Card Processor?

A Third Party credit card processor is a company that will accept credit card payments on behalf of you or your company. The payments your customers make are processed through the Third Party's own merchant account, and you the retailer is paid (minus a commission fee) by the Third Party processor.

There is no need to pay for expensive processing software especially when you are just stating out, monthly fees or minimum transaction fees. As you only pay a percentage fee on a sale, you cannot lose money.

2) Should I have a Merchant Account or Third Party Processor?

For most online businesses this decision will be made according to the size of the company. Most small businesses do not need their own merchant account.

Small online businesses are better off with a Third Party Processor such as PayPal. The advantage is that when you sell your products and accept a credit card transaction, the Third Party processor takes care of the payment by checking the card, processing it, and sending you a monthly check. Or you have the option of requesting the funds sent to your own bank account at your leisure.

Larger online businesses with a bigger turnover are likely to need a full merchant account. You will pay a bigger set-up fee for an online merchant account but pay less per transaction than with a Third Party processor. So recouping your initial outlay.

So there it is, unless you have a large business it is possible to accept credit cards online with a Third Party processor. If you are just starting out and need an easy to manage solution so you can accept credit cards online without a merchant account I would recommend paypal

Accept Credit Cards Online without Merchant Account

Now that you've read this article on accepting credit cards online with out a merchant account. Look up a few more resources on the topic we will be adding more and more information on third party processing and online merchat accounts in the coming weeks. Soon you'll discover you have all you ever need - and it is simple, inexpensive and easy way to understand how to accept credit cards without a merchant account..

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Accept Credit Cards Online without a Merchant Account