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Do you have a physical business and want to open an
online store? Ecommerce is big business and most businesses have
realised the need to have an online presence otherwise they risk losing
a lot of money. In order for your online business to start accepting
online orders then you need a way of processing credit card
transactions. This is where online credit card processing companies
come in.
Statistics have shown that for businesses which
accept credit cards online, sales have increased by more than 50-300%.
In this time and age you simply cannot compete effectively if you don't
accept credit cards on your website. With so many companies offering
merchant accounts for accepting credit cards, one is a bit confused
which one to go for. The good thing is that due to the competitive
nature of this business, you can find cheap credit card processing
companies which offer competitie terms including free online processing
and free setup.
What do you need to look out for when searching for
a good credit card processing company for your business? Below is a
list of what we believe are the best attributes to look for in credit
card processing companies.
- Start-Up Cost: - Find out how
much money is required up front to set up and start your merchant
account, the payment gateway and virtual terminal? Good credit card
processing companies do not charge high fees. In fact some FREE
set up and no application fees at all.(Check our list of recommended
processors who offer free set up below)
- Monthly Costs: - Credit card
processing are bending over backwards to get your business so you are
assured that there are companies out there who will charge you
reasonable monthly fees.
- Account Setup Time:- Research
and find out how long it will take to set up your account. Some can
take upto 3 weeks while others can do it in one week's time.
- Customer Service:-
Below is our review of cheap online credit card
processing companies that we recommend who offer free set up, zero
application fees and free Internet credit card processing.
To get a clear understanding of what the terms
listed below mean, click
here (a window pop ups)
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Charge.com
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Electronic
Transfer Inc
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FreeAuthNet.com
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Application Fee
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$0
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$0
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$0
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License Fees
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$0
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$0
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$0
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Set Up Fee
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$0
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$0
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$0
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Monthly Fees
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Gateway Fees
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$29.95
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$49
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$15.95
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Statement Fee
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$10
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9.95
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9.95
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Monthly Minimum
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$25
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$20
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$18
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Transaction Fees
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Average
Discount Rate
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2.39%
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2.25%
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2.19%
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Transaction Fee
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$0.25
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$0.29
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$0.25
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Address
Verification Fee
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$0.05
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0.10
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$0.10
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Face to Face
Discount Rate
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1.85%
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1.75
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Not Stated
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Face To Face
Transaction Fee
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$0.25
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0.25
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Not Stated
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eCheck
(optional)
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Free
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$0.30
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Free
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Features
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IInternet
Credit Card Processing
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Free
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Free
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Free
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Recurring Bill
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Yes
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Yes
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Yes
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Shopping Cart
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Free
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Free
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No
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Fraud Protection
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Address
Verification
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Yes
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Yes
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Yes
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Real Time
Processing
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Yes
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Yes
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Yes
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SSL
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Yes
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Yes
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Yes
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Credit Cards Accepted
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Visa
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Yes
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Yes
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Yes
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Mastercard
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Yes
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Yes
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Yes
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American
Express
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Yes
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Yes
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Yes
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Discover
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Yes
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Yes
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Yes
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Technical Issues
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Support Time
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24/7
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24/7
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24/7
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Email
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Yes
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Yes
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Yes
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Fax
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Yes
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Yes
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Yes
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Live
Support(Chat)
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Yes
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No
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No
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Approval Time
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Instant Approval
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1- 2 Days
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Apply Now
=>>
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