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Best company to open merchant account with, who?

naomi

Offshore Agent
Mentor Group Gold
May 24, 2011
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What is the best company to open Merchant Account with for payment acceptance?


I have looked at paypal, moneybookers, 2co are there better alternatives? if, please list?
 
Well the mentioned 3rd party payment processors are not really Merchant Account (MAP) providers. You may look into MAP's like WireCard, Netbilling, or simply go to the Visa official approved CISP / PCI compliant providers. Google the term and you can find a fresh list of all the trustworthy payment processors. Of course all depends on where your business is located.
 
All of the processors you listed are 3rd party processors. If you’re looking to obtain a merchant account, there are several providers with low or no fees and great rates, however, this typically depends on the nature of your business and your history, if any. The best suggestion I can make is to Google merchant accounts for your industry and this should direct you to the largest processors that cater to your industry specific needs. Once you have a selection of providers you wish to inquire with, you must ask them several questions such as the below because you want to work with the merchant solutions providers that is able to best meet the needs of your business.


Are you a registered ISO, and if so, with what bank?


What types of gateways do you offer?


What shopping carts are those gateways compatible with?


What type of fees and rates are associated with the payment processing needs of my business?


What type of back end or customer service support do you offer and are there any additional fees associated with this assistance?


At the end of the day, it’s all about finding the processor that is best suited to assuring you don’t have to worry about this end of your business and allows you to focus on operations and maximizing profitability.