Obtaining US Merchant Accounts
The World Wide Web is bustling with web-hosting companies and third party institutions offering a range of credit card processing and instant payment solutions. E-Online is one such high profile web-development company offering its online customers with US merchant accounts.
There are certain formalities that need to be fulfilled by banking institutions and credit card brokers. In order to qualify for the offer of such merchant accounts, you must furnish proof that you have your business located within the US. You must further furnish concrete evidence that you are above the age of 18 and so on.
It is safe to say everyone up till now knows of the vitality of credit cards in online electronic transactions. Anyone who wants to indulge in online credit transactions requires a merchant account. One of the secrets in getting the attention of potential customers lies in having a merchant account.
Advantages of US merchant accounts
Merchant Accounts promise an individual fast and efficient credit transactions. It has further been noted that the use of merchant accounts helps in boosting the money-generating aspect of most online businesses. It may sound surprising, but customers are willing to pay twice the amount by credit card, as they would by cash. This just goes to show the propelling effects that merchant accounts can have on the revenue of online businesses.
In most cases, banks may be the perfect place to start with when searching for US Merchant Accounts. Take time out to browse through a number of banks offering merchant accounts. Comparing the various rates can help you in selecting the most appropriate US merchant account that best suits your business needs.
Take heed, however, when applying for a US merchant account. The application process alone does not qualify you as a suitable candidate for the credit card service. Foreign businesses, for instance, may need to incorporate their businesses in one of the 50 states within the US. Nevada and Delaware are among the favorite states for foreign companies to settle in. This is simply because of the generous fees and regulations they subject their business clients to.
Merchant account brokers and third-party providers
Another alternative to obtaining merchant accounts in the US are through a third party company and merchant account broker. A legitimate merchant account broker has an affiliation with a range of banks. They match the criteria of the products that the respective company deals in with that of the respective bank. Merchant account brokers even help in matching the criterion of your business past history. This is why they are termed as one of the suitable candidates for getting US merchant accounts.