Accept Credit Card Payments

As there is a wide range of different products and services provided by the Acquiring Banks and the Payment Processors you will get some background information here how to accept credit card payments if you are selling Internet Services, like Webhosting, Download of Software or subscriptions for membership websites.

First of all you need to ensure your website is compliant with the Visa and MasterCard regulations this includes having the Visa and MasterCard Logo setup on the FrontPage.

Your will need to have a return policy in place in your case selling Internet Services it is more a refund policy which you need to make clear how you will handle customer enquiries and if it is possible to become a refund if you as a customer are not satisfied with the service bought.

Once the above is in place you will need to make sure to have a Terms and Condition page where you list which terms and conditions that apply for the delivering of your Internet Services, what the customer buying any Internet Service from you need to agree to and how support enquiries are handled.

A good thing to have is a Privacy Policy which clearly states that you won’t share any customer data with any third party or that you will sell the e-mail address or any other data to anyone.

Those is the most important things to have in place before you go and apply for a Merchant Account (which is needed to accept credit card payments)

Next is that you need to make sure that the Acquiring Bank is able to go through the entire process from choosing which Internet Service to buy and to the checkout process.

If you don’t want to have this online before you have your credit card processing in place, then put it up on a “test” area of your website where only the Acquiring Bank has access to it.

When all above is completed you are almost done, what you need to find is a Merchant Account provider which you typically find by a search on Google for Merchant Account  most of these providers also offer a PCI certified Payment Gateway which you need to connect to in order to start accepting credit card payments on your Website.

The process of becoming a Merchant Account can be tuff, so prepare all your documents required which often are Incorporation documents of your company, a utility bill (Phone or electricity bill) copy of passport and a business description of that you are going to accept payments for.

CCLOGIC LLC is a authorized Independent Sales Organization for several Acquiring Banks and Payment service Providers, we offer our services for Merchant seeking to accept credit card payments on their website. Contact us today and we will be more than glad to help you and make sure you become the rght solution for your needs.

Today it is of high importance to accept credit card payments on a website which want to sell their products and services online.

Many still relay on Wire Transfers or check processing and ask their customers to pay by these methods; however they will lose orders and money in this way.

The risk of accepting credit card payments on your website in regards to fraud is existent and you will face customers which will try to dispute a charge even if they have received what you sold them, this is a annoying situation to be in but you will, if you have the proper documentation in place be able to fight such fraudsters.

Compared to PayPal which always is on the site of the buyer then you will have better options to fight a dispute and even a chargeback if you have your own Merchant Account.

A Merchant Account is similar to a bank account with the exception that you don’t have direct access to it and you can’t withdraw or insert money on that account or use it for day to day transactions. The Merchant account is opened by a Acquiring Bank which holds your moneys and once a week and sometimes every day pay out the funds on your Merchant Account to your bank account.

However, to become a Merchant Account with a Bank you will need to be approved a an Acquiring bank or processor.

The approval process and time varies from case to case and bank to bank. In general it speeds up the approval process dramatically if you have the following already in place:

• 1. Web site need to be compliant, which includes:
• a. Visa and MasterCard Logo
• b. Terms and conditions
• c. Return policy
• d. A fully working website from ordering a product or service to the final checkout page
• e. All products and services are online
• 2. A English translation of a utility bill, phone bill or bank statement
• 3. Passport copy
• 4. If you apply in Europe, then a European Company (for instant Cyprus Company)
• 5. Processing history from either PayPal or former processor
• 6. A good description of your business and why you want to accept credit card payments.

Once you submit your application to a merchant account broker or directly with a payment processor then it is easy for you to submit above at the same time, this speed up the process and they don’t need to request each of it one by one.

CCLOGIC LLC is one of the most connected Merchant Broker companies in Europe; we can place almost any business and business size we work with the Major Acquiring Banks in Europe and also with Banks outside of Europe. Please let us look into your business case if you decided to accept credit card payments on your website.

CCLOGIC LLC can place : Regular E-Commerce Business | Adult Business | Online Casino Merchants | Pharmacy Merchant Account | Sports Betting Merchant Account | High Risk Merchant Accounts

While the financial crises are hitting the entire world economy and people are scared about their business then it is more important than ever to improve your website and your online business venture.

The latest reports show that fraud hit 7,5% of Americans in 2008 according to Gartner, that’s are alarming figure which you need to be aware of now!

On the other hand you need to drive traffic and customers to your business and you will need to accept credit cards together with other payment methods to survive in the competition of getting orders.

Do you know that you only have 15 seconds to tell your website visitors what you want to sell them? And did you know that most people will click away from your website if you don’t offer them a easy way to pay for the product you want to sell them?

That’s true, even the best website with the best products or services will not get orders if you not make the payment process easy. Credit Card Payments is no.1 to offer your customers next to alternatives like PayPal and Google Payment.

Many Online Merchants are stuck with the approval process to become a merchant account for their business, and I can understand them, it can be overwhelming what the banks require and the applications to fill. But it is necessary to go through the process, don’t be a lacy business man, sit down take the time it takes to complete the application and to prepare your website to be compliant and get the love from the Acquires you need. Some of the most common mistakes a merchant is doing while applying for a Merchant Account is;

• - No Privacy Policy
• - Missing Return Policy
• - Missing Refund policy
• - Missing Terms and Conditions
• - No Visa or MasterCard logo on the website
• - The application is not filled correctly; false or mistaken information’s are filled in.

Have this in place and you are good. If you think that you are into a business which do not is accepted by the various processors, then don’t lay or show a website which isn’t the one you are want to process credit cards for. We open to your Merchant Service Agent and tell them the truth often many Merchant Agents have several banks and processors available and if they know the real case they find a solution.

Make sure you pay attention to fraud, MaxMind is one of the ways to go to protect your business from credit card fraud once you got it in place, it will keep down your chargeback ratios and also ensure that you don’t accept payments from people which are out for a scam, you don’t get a 100% insurance but it is close to.

For merchants which can’t comply in the Visa or MasterCard regions their business belongs to, they have the possibility to incorporate an Offshore company with some Offshore Agency, this often comes as a complete solution where you get a legit Offshore Company, Offshore Bank Account with IBAN number and this can then be connected to a Merchant Account to accept credit card payments. Often it is worth to go this way, and it isn’t complicated.

CCLOGIC LLC the Offshore Merchant Service Specialists can help with the opening of Merchant Accounts to accept credit cards and Bank Accounts as well as Incorporating Offshore Companies for instant in Cyprus.