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. 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. No need to pay for expensive processing software, 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 businesses this decision will be made according

to the size of the company. Most small businesses do not

need their own merchant account. Small businesses are better off with a Third Party

processor. The advantage is that when you sell your

products, the Third Party processor takes care of the

payment by checking the card, processing it, and sending

you a monthly check. Larger 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. (c) John LynchFor a Free report on how to get an online merchant account or a third party processor with tips for the best accounts visit: http://www. merchant-account-service. com/merchant_account. html

Author:
John Lynch