Third Party Credit Card Processing

It is hard for a business entrepreneur to obtain an internet merchant account. An internet merchant account holder has to pay for a secure server, expensive credit card processing software, customer service fees, minimum transaction fees, monthly gateway fees etc.

If you are starting a new business, third party credit card processing firms can accept credit card orders on your behalf. For each transaction, the company will charge 3% to 15% of the sales price of each product. For setting up the service, the 3rd party processors usually charge a small one-time fee or sometimes provide free service. Third party credit card processing is recommended only in the starting phase of a business when cash is less and the products for sale are limited in number. Once the business is established and if your funds allow you to purchase an internet merchant account, it is wise to buy one. However, if your gross revenue is less than $650 per month, it is recommended not to set up a gateway/internet merchant account.

You can sign up for third party credit card processing by paying the prescribed fee if any, and get approval. Now you are eligible to create ordering links for your products. These ordering links go to the 3rd party processor's server and they will handle orders for you. The 3rd party processors provide ordering options, which include online checks, credit cards, telephone ordering option, etc. When a deal is through, you will easily get the money due to you, minus the transaction charges.

Third party processing is a great option for non-US businesses; however, if your revenue goes beyond $650 per month, a merchant account would be cost effective compared to 3rd party processing. It would be wise to consult an e-commerce specialist before you make use of this application of e-commerce for your business.

Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with Wireless Credit Card Terminals.

Nodus Technologies Makes Credit Card Process Automation Affordable for the SMB Market

Claremont, CA, November 06, 2006 - Nodus Technologies, the leading provider of credit card process automation, state of the art Service-Oriented Architecture (SOA) e-commerce solutions, and retail chain management solutions, launched two new credit card packages for the Microsoft Dynamics market and announced a merchant services agreement with Comdata. The new packages, Credit Card Advantage Essential, and RMS Charge, provide credit card process automation at a dramatically reduced price.

Credit Card Advantage Essential is the first ISV product specifically designed and priced to support the new pricing announced by Microsoft for their Dynamics GP products. Companies that take advantage of the new Microsoft Dynamics GP pricing will get the benefits of Nodus' acclaimed Credit Card Advantage software for as little as $995.

RMS Charge is designed to extend the number of payment gateways and processors that Microsoft RMS/POS can support. With this low cost RMS Charge, customers can choose from a wide range of processors for their merchant account services.

"Nodus recently signed an agreement with Comdata that allows us to offer Microsoft MBS customers a no-hassle way to set up merchant account services at a preferred rate," said Simon Lam, COO of Nodus Technologies, Inc., "With the launch of these new products, Nodus is making the benefits of electronic payment automation available to small and medium size business which may have, in the past, found it difficult to justify the expense."

Nodus is the only "one-stop-shop" for credit card business process automation needs in the SMB market using Microsoft Dynamics GP. Recently, Nodus also launched a Merchant Account Challenge campaign to demonstrate how the company can save Microsoft MBS customers' money on merchant account services.

Nodus Technologies, Inc. is a leading provider of electronic payment automation software for small and mid-size companies. Nodus leverages Service Oriented Architecture and web services technologies to provide cost effective, comprehensive: e-commerce, electronic payments and retail chain management solutions for Microsoft Dynamics. For more info please visit http://www.nodus.com

Credit Card Processing and the Pitfalls

Disadvantages of Credit Card Processing

The benefits of credit card processing online usually outweigh the disadvantages. Unfortunately there are some pitfalls involved with credit card processing you should be aware of. The more knowledge you have going into a situation the more likely you are to come out of it ahead.

One of the biggest pitfalls associated with credit card processing is refunds or charge backs. Of these charge backs are potentially the most damaging. Most merchant account providers charge a hefty fee for any chargebacks they have to process. Some will close your account if you have too many so it is best you avoid them altogether.

There are ways you can reduce refunds or chargebacks. One you should make sure you have a clearly defined refund policy. You could for example limit the amount of time a customer has to request a refund. You should also ensure that your customers have a legitimate reason to ask for a refund. You can minimize refund requests by offering special bonuses to encourage better customer satisfaction.

Another way to limit chargebacks is by being open and up front about your business. If you use a third party processor for example to handle credit card payments you better let your customers know. Otherwise they may not recognize the third parties name when they receive their credit card statement and ask for a refund. This is an honest but also costly mistake.

You should also make sure you have adequate customer service which may help you iron out kinks with customers before a refund is requested. Good customer service goes a long way to preventing future problems with credit card processing.

Article by Frank Owen, visit his web site on credit card processing for more information on credit card processing http://www.creditcardprocessinginsider.com