Those new to e-commerce and payment processing may not know the difference between a merchant account and a third party payment processor company. A merchant account is an account with a financial institution (a bank) to process credit card transactions. When you have a merchant account for e-commerce you must also use a payment processor to pass information between your site and the merchant bank.
Getting a merchant account is not much different than applying for a credit card. You must fill out a credit application and go through an approval process. There are montly fees for the merchant account and the payment gateway, and typically there are monthy minimums. These fees can be in excess of $100/month not including your processing fees. If you are not processing a high volume of sales a merchant account may cost you more money than it makes you.
Introduction of Ctopay
- ONLINE MERCHANT ACCOUNT PROVIDER
- Merchant Account Providers: CTOPAY is a merchant account providers offering third party merchant accounts, offshore merchant payment processing and other merchant payment gateway services fully supporting almost any eCommerce merchant shopping cart systems. 1.Accept Credit Card Payments – All major credit cards, such as VISA credit card and MASTER credit card service.. 2.Manage Your Transactions Use our full-featured Merchant Interface to monitor and control payments through your Web site. 3.Prevent Fraud – Identify suspicious transactions with our value-adding products and built-in fraud tools. 4.Risk Management – Sensitive data is stored in the Ctopay data center, never on your computer. 5.Receive Payments Quickly–Your funds are automatically deposited into your merchant bank account within days. 6.Free Help-Ctopay provides live technical and account support to merchants seven days a week, as well as access to online documentation and user guides. Apply for CTOPAY'S merchant account provider services and solutions today and start processing with ease! Ctopay,your right payment solution
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