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Merchant Acounts

Boost Your Sales by Accepting Credit Card payments!
Accepting non-cash payments is becoming an industry standard for entrepreneurs and small businesses. The application and process is easy with our express 3-step online application.
Probably the most difficult part of accepting credit cards is deciding what type of merchant account you need. Here are some simple descriptions of each type of merchant account, how it is used and approximate cost involved.

What type of merchant account do I need?

  • The average American cardholder goes shopping with roughly four major bank credit and debit cards.
  • Credit card purchase volume has an increase of about 15% per year for the last five years, or three times faster than the increase in overall American purchases.
  • As of 2005 credit cards provide 19% of all U.S. purchases, debit cards for 33%, and checks for only 11%.
  • According to The New York Times, businesses forfeit up to 80%of customer impulse buys if they don't accept major bank cards such as Visa®, MasterCard®, Discover® and Debit.
World In Your Hands

Global Payments

The Challenge

In today’s global economy, consumers can easily purchase goods and services from U.S.-based merchants whether they are in Paris, Texas, or Paris, France. Unfortunately, when shopping at a U.S. merchant’s Web site, typically, the consumer’s only option is to complete the transaction in U.S. dollars, often resulting in currency conversion fees and a less than-stellar customer experience. International consumers often feel more comfortable completing their online transactions in their “home” currency and, when they feel more comfortable, they purchase more. Therefore, U.S.-based eCommerce merchants want to provide their international customers an “in country” shopping experience, but still receive funding for these transactions in U.S. dollars.

The Solution

The Global ePricing product is an innovative solution that helps to meet the needs of both the merchant and consumer. This solution is designed for the cardnot- present merchant who wants to open new markets or provide enhanced services to their customers by offering goods and services in one or more foreign currencies, accept payment in those same urrencies, but ultimately receive funding in U.S. dollars. It meets the needs of the merchant’s international consumers who want an “in-country” shopping experience where products and services are displayed and sold in their“home” currency also improving the on-line shopping experience. Additionally, when a consumer agrees to pay in their credit card billing currency, they will likely avoid any conversion fees from the issuer.
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