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Understanding Merchant Accounts Understanding Merchant Accounts June 19 nike blazers basse pas cher , 2012 | Author: qwametakik | Posted in Marketing
What a Merchant Account Is


A merchant account is one piece of your whole payment solution. In its simplest terms, it’s a bank account that allows your eBiz to accept online credit cards and e-checks. At a specific time each day, your merchant account bank receives that day’s completed transactions. They hold the money for several days or more to make sure all parties involved are satisfied. During this time, they also perform additional security checks. If no issues arise, the bank then wires the money into your business checking account.


What a Merchant Account Isn’t


People often confuse merchant accounts with other elements involved in payment solutions. But each element is a separate function of a larger service.


. A merchant account is not a shopping cart. Shopping cart technology is software that simulates a physical shopping cart in that it allows users to “place” items in it until they’re ready to check out and then totals their purchases for them.


. A merchant account is not authorization software. Authorization software is the equivalent of a digital credit terminal. It runs address verification, sends the buyer’s information through fraud detection filters, and ensures the card has enough credit available for the purchase. Authorization software makes instant approval possible.


When you’re looking at solution providers nike blazer haute femme noir , be sure that all three elements-your merchant account, shopping cart, and authorization software-are compatible with one another. They all have to be integrated in order for you to have that seamless payment solution you’re looking for.


Is It Hard to Get Approved for a Merchant Account?


Every institution has different policies and requirements for getting approved. Some want your corporation papers, your Tax ID, and your business banking account information at the time you apply. Others are more lenient, even to the point of pre-approving your account and allowing you to activate it when you have everything ready.


Getting approved can be especially challenging if you have poor credit history. But some institutions will allow you to have a co-signer. Michael Mack says his company, http:TruthInProcessing nike blazer femme haute grise , was set up to help the new business owner: “We’ve structured our business in that fashion.Less than one-half of 1% of all our [merchant account] applicants, since the inception of our company, have been turned down.”


Don’t Lose that Sale!-Why You Need a Merchant Account


Shoppers are likely to move on if you don’t offer their preferred payment option. That’s why, even if you have a PayPal account, you still need the flexibility a merchant account gives your buyers. You’ll lose the majority of your customers who aren’t PayPal members if you don’t make that option available to them. Most people won’t take the time to muddle through PayPal’s alternate solutions. Says Mack, “If it takes 5 minutes to find the product and buy [it], but 15 minutes to pay nike blazer haute verte femme , they’re going to go somewhere else.”


James Tanaka a an expert in batch credit card processing and free merchant account Services.

Making A Small Business Plan For Financial Success Making A Small Business Plan For Financial Success July 20, 2013 | Author: Jack Metcalfe | Posted in Marketing

Having a good small business plan will ensure that your journey to success is much smoother. All successful business owners know that having an organized, well thought plan is essential to see the results they expect. Even if the business plan doesn’t give the results that you would have thought in the beginning, you can tweak and change different areas of your process to perfect it. Click Here To Read More About [Small Business Plan]

Writing a small business plan will not only allow you to focus on your business start up, but it will also be a valuable asset to present to your business bank manager or indeed any potential investors who may wish to inject vital funds into your new small business.


You must have a plan for many different areas of starting a small business. How are you going to fund the start up fees? How do you expect to sell your productservice? How do you expect to pay your employees? How are you going to promote your company effectively? Most importantly and what most business owners don’t think about is where do you want your business to be in 5…10…20 years?Creating the right small business plan is all about creating effective systems. A system is something that you can use over and over again in different situations to receive expected results. You at least have some idea of what’s going to happen if you have the right systems in place.


Project Where You Want to Be Across the Time Frame This is a second list that identifies where the business should be, in relation to the critical issue being addressed. Using the same example of sales and marketing as above, this list spells out what the “end picture” should look like in relation to these activities nike blazer haute pas cher , across the business plan time frame.


Objectives.By analyzing the gaps between the two lists we have created, we are able to identify the main objectives that must be achieved to fulfill our vision across the agreed time frame. These gaps must be managed well as part of the business performance management process and the business development and risk management profile.


Tasks.Objectives must be broken down into a series of tasks and jobs that need to be completed to ensure that the given objective is met. These tasks must be specific, agreed, realistic, targeted and have accou. Cheap NFL Jerseys Cheap Jerseys From China Cheap NFL Jerseys Wholesale Jerseys Wholesale NFL Jerseys From China Wholesale Nike NFL Jerseys Wholesale Soccer Jerseys Free Shipping Cheap NFL Jerseys Cheap NFL Jerseys Wholesale NBA Jerseys