Is choosing a credit card merchant account provider the right decision for your e-business? This is one question that can stir every online sellers mind. In E-business, 85% of online transactions are processed with credit cards. Naturally, it makes sense to sign-up for a merchant account. Still, many small and upcoming businesses hesitate mainly due to the processing fees.
The bottom-line is not accepting credit card payments will most likely cost you more than the fees for merchant account. However, there are discount rates, which you can use to your advantage. The statement fees and transactions fees are another set of costs that businesses must take into account. All these factors can’t be ruled out while making a decision of whether to go for merchant account or not.
Whenever small businesses accept payments through credit cards, online cash flow becomes less of an issue. It has been seen that instead of sending invoice terms of 30, 60, 90, and 120 days, many credit card merchant accounts push funds to your bank account in 3-5 days. This faster cash infusion can prove to be a big relief for small businesses working under a tight cash flow. The biggest question that arises here is, is accepting credit cards right for your business?
According to many financial experts, not all small business ventures should accept credit card payments. Perhaps, they should go for high ticket merchandise. Moreover, companies enforcing credit checks for expensive items may also wish to invoice customers.
One of the most confusing aspects of accepting credit card payments is finding a merchant account service that will manage your account. Further complicating matters, there are many types of companies offering credit card solutions. Each company has unique pricing guidelines. At times, it appears as if you are comparing apples to oranges while shopping for a merchant account provider. If you are confused and don’t know which way to move, AMS is there at your service.
AMS or Advanced Merchant Services is one choice for accepting credit card services in the U.S.A. regardless of business type, size, or processing volume. Being one of the best in the business, AMS makes sure that all your queries and questions are taken well care off before you register with them. If you wish to know more about how to accept payments through credit card, credit card processing, merchant accounts, and merchant services, visit www.merchant-