Go To Credit Cards Home | Add to Favorites
Ach Or Credit Cards
Most businesses accept credit cards and consider the
process fees a cost of doing business. However by
implementing an ACH payment system you can realize
dramatic savings and increase sales.
ACH refers to the Automated Clearing House and
generically means moving money electronically to
and from checking and savings accounts. An example
would be a check by phone or taking recurring payments
directly from a checking account.
The MAJOR difference between ACH and credit card
processing is that a credit card transaction “captures”
the merchant’s funds from the consumer and essentially
guarantees payment. An ACH transaction is a request to
transfer funds. The transaction may reject for several
reasons with the most common being NSF (non
sufficient funds) or a closed account. The funds are
not guaranteed.
It is the guarantee piece that allows the credit card
company to charge a percentage of the transaction to
cover the risks involved. Typically a transaction will
consist of a discount rate, 2.5% for example and a
transaction fee, typically in the 30 cent range. This
means that every $100 processed incurs about $2.85 in
merchant fees.
Contrast this with an ACH transaction. Typically there
is no discount rate just a .30 (or less) transaction
fee. If you process $25,000 per month using ACH
processing will save around $7500 per year. Certainly
you will have more “failed” sales due to ACH
transaction rejects (eg NSF) but your transaction savings
will far exceed these losses. In addition you will
appeal to a much wider range of consumers. Estimates
vary but MANY people do not have credit cards or are
at their limit on their cards. So the benefits are two
fold-much reduced transaction fees and a new payment
vehicle for your customers.
So consider ACH processing for your business. It will
save you money and win new customers.
About the author:
Wayne Akey has helped numerous businesses save
time and money with ACH processing. Get your
free report on how your business can benefit
http://www.ach-payments.com/software/secrets.doc
or visit http://www.ach-payments.com
Source: Article Directory
Boosting Your Business With A Merchant Account
The great majority of business conducted online is processed with a credit card. Also, credit card sales tend to be four times larger than a sale completed any other way. Knowing that most people decide to use a credit card and spend more when doing so, it only makes sense to be able to accept credit card payments.The first step to being able to accept credit card payments is getting a merchant account. A merchant account is a special type of bank account that is able to receive payments from credi...(related: Credit Cards)
Credit Card Merchant Account Services
Did you know that could possibly multiply your sales receipts within a matter of weeks or months? Of course, other factors will play a role in the overall success of this strategy, but many company owners claim that the simple step of accepting credit card payments increased their income dramatically in a relatively short amount of time. That is why you need to know more about the benefits of credit card merchant services. Basically, the premise of using credit card merchant account services works like this. You find a trusted lender with experience in merchant accounts. You might even want to check with customers at some of the ...(related: Credit Cards)
Your Business Merchant Account
Do you have a business merchant account? If not, isn’t it time you got one? The companies you compete against for customer business may already have this special account that allows them to process customers’ credit payments. If you are not yet doing so, why not apply for a merchant account to help your business grow? A business merchant account is the best way to expand your company’s operations and conduct e-commerce without risking too much of an investment. Simply apply for a merchant account the way an individual would apply for a personal credit card. As with individual applicants, a company needs to show a positive credit history and the ability to make payments on a merchant account at present. In addition, it cannot be involved in shady dealings with which the underwriters might not agree. Many lenders will let you appl...(related: Credit Cards)
|
 |
|
|
Home Equity Loans ... Wise Or Unwise?
Home Equity LoansOver the past few years many Americans have established lines of credit secured by the equity in their homes. For marginal borrowers this can turn out to be highly risky as it exposes these families to the loss of their homes. Lenders tend to quickly change colors from friend to foe in times of financial crisis and need and will "take it away if you can't pay". Prior to mortgaging or refinancing a home one should consider what the families finances would look like if one or more of the family members living in the home lost their job or came down with a serious illness.How long could you keep the home p...(related: Credit Cards) |  |
| Accepting Credit Cards Payments For Offline Businesses
Any smart business owner knows that accepting credit cards as a payment option will dramatically increase revenues. Not only do credit cards offer customers the convenience and ease of not having to carry around cash or checks, it lends a sense of professionalism to your establishment as well. The process of applying to become a credit card merchant can be a bit confusing and frustr...(related: Credit Cards) | |
| Want A Credit Card Merchant Account?
Who doesn’t want a credit card merchant account! This special service allows you to process credit card payments from your clients in a number of ways that can help to speedily grow your business. A merchant account has been known to double or triple business profits in a relatively short amount of time, so only if your company is poised for growth should you consider this exciting opportunity. If you currently work with a bank that you trust with your business concerns, ask about the possibility of applying for a credit card merchant account. Most companies are eager to welcome this type of business from customers they know and trust. As long as you have established a solid business credit history, pay your bills in a timely manner, and aren’t involved ...(related: Credit Cards) | |
| Enjoy The Benefits Of A Credit Merchant Account
A credit merchant account can make your business more productive than ever. That’s because a merchant account will let you start accepting credit card payments from customers in any part of the world at any time of the day or night. Could business possibly be better than that when conducted in any other way? That is why you need to know more about potential benefits of a merchant account. Your credit merchant account will let you grow your business in ways you may not have imagined. For example, in addition to taking credit card payments on location at your store, you can take a wireless credit card processor with you to customers’ residences or places of business and accept payme...(related: Credit Cards) | |
| How To Register A Company
Make sure you’ve chosen the best name for your company first!If you're wondering how to register a company, you're not alone. Hundreds of thousands of people try to start their own businesses each year, and often they end up having more trouble than they should just because it is difficult to register a company if you are unfamiliar with the process. It would be nice if there was a simple, universal guide to registering a company - unfortunately, that is more or less impossible. Company registration is different in every country in every part of the world. Not only that, but it is subject to legal changes at any time. | |
| Boosting Your Business With A Merchant Account
The great majority of business conducted online is processed with a credit card. Also, credit card sales tend to be four times larger than a sale completed any other way. Knowing that most people decide to use a credit card and spend more when doing so, it only makes sense to be able to accept credit card payments.The first step to being able to accept credit card payments is getting a merchant account. A merchant account is a special type of bank account that is able to receive payments from credi...(related: Credit Cards) | |
| How To Cut Credit Card Debt
Most Americans have too much credit card debt. Duh, we've all heard that before, right? Only now its gotten a bit personal... right again? You personally have too much credit card debt and its about to drive you crazy.Well there IS hope so don't file th...(related: Credit Cards) | |
| Applying For A Credit Card With No Credit History – Tips You Need To Know
Oddly enough, not only will bad credit work against you when applying for a loan or a credit card, but no credit will too. Even though this doesn't seem fair, it is the way things work in the complicated world of consumer credit. Lenders are leery about opening accounts for people with no credit history because they simply have nothing to base your reliability on. | |
|
|