Merchant account forums

This article compares makes a comparison between having your merchant account and payment gateway, to using a third party processor.

Essentially you do not need your own merchant account to accept credit card transactions online. Third party processors use their merchant account to process transactions on your behalf.

Definition and Impact: Fraud comes in many shapes and sizes and is committed by various individuals from petty amateur-thieves to professionals who make a living from it.

Definition: A chargeback is an amount of money the merchant must refund to the customer.

Address Verification System (AVS): A-more-or-less standard feature of a merchant account package that authenticates consumer card details by ensuring that they match the billing address.

To fully harvest the potential within e-commerce you must make a decision as to how and who will facilitate the processing of your received credit card payments.

Offshore Merchant Account, An Appealing High Risk Solution

Offshore Merchant Accounts,
An Overview

Definition

The online gaming business has contributed to a massive boom in the gambling trade.

Three Main Account Providers

In order to accept credit cards over the Internet you need a license to trade and the ability to process transactions. There are several alternatives that can be split into three categories that provide the means to process credit cards online:

• Banks
• Independent Sales Organisations
• Third Party Processors