Comments on: Understanding Ecommerce and Merchant Services http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/ Website development and Internet Marketing Consultant Thu, 02 Jul 2009 04:57:06 +0000 http://wordpress.com/ hourly 1 By: Clem - POTW http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-234 Clem - POTW Thu, 02 Apr 2009 04:48:28 +0000 http://powerontheweb.wordpress.com/?p=22#comment-234 Thanks all for the comments and the perspective. Thanks all for the comments and the perspective.

]]> By: Adam Eisenhart http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-233 Adam Eisenhart Thu, 02 Apr 2009 03:04:06 +0000 http://powerontheweb.wordpress.com/?p=22#comment-233 Isn't there a tier type of system? At the top you have your regular local bank that can provide merchant services. Although heavy traffic may be a problem for them. But nack to the tiers, there is a subprime sort of market in this area I think. you definitely want to stay away from these people, if you have decent credit, say 625 beacon score or above, you should be able to save yourself some money and aggravation. I think that the most important action for you to take is to shop and compare dozens and dozens. Make yourself an semi expert in this area. or have someone you trust do it. Then decide. Isn’t there a tier type of system? At the top you have your regular local bank that can provide merchant services. Although heavy traffic may be a problem for them. But nack to the tiers, there is a subprime sort of market in this area I think. you definitely want to stay away from these people, if you have decent credit, say 625 beacon score or above, you should be able to save yourself some money and aggravation. I think that the most important action for you to take is to shop and compare dozens and dozens. Make yourself an semi expert in this area.
or have someone you trust do it. Then decide.

]]> By: Paul Pullen http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-197 Paul Pullen Fri, 12 Dec 2008 17:35:12 +0000 http://powerontheweb.wordpress.com/?p=22#comment-197 Thanks for the Information Thanks for the Information

]]> By: Karl - Work Happy Now http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-185 Karl - Work Happy Now Sun, 02 Nov 2008 04:56:15 +0000 http://powerontheweb.wordpress.com/?p=22#comment-185 I can see how that can get confusing. If this person had trouble understanding this other people probably will too. It's making the system as easy as possible to understand without hiding anything. A lot of companies want to hide this so they can earn more money. This won't create trust and probably create customer dissatisfaction, forcing them to go somewhere else. I can see how that can get confusing. If this person had trouble understanding this other people probably will too. It’s making the system as easy as possible to understand without hiding anything. A lot of companies want to hide this so they can earn more money. This won’t create trust and probably create customer dissatisfaction, forcing them to go somewhere else.

]]> By: Clem Gigliotti Jr. - Power On The Web http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-184 Clem Gigliotti Jr. - Power On The Web Thu, 30 Oct 2008 04:19:59 +0000 http://powerontheweb.wordpress.com/?p=22#comment-184 Two things. First, there should be no mystery whatsoever. Your merchant service agreement should spell out exactly what (a) the monthly fee is to be able to accept credit cards and (b) the exact "per transaction" fees that apply to each transaction that are processed. All merchant service providers should provide you with this information before you decide to use their service, and that will allow you to shop around and choose the most affordable and competitive service provider. Second, if you are talking specifically about merchant services on your website, a reputable and comprehensive web solution provider should be able to put you in touch with preferred providers for merchant services that are compatible with their web solution. Make sense? Two things.

First, there should be no mystery whatsoever. Your merchant service agreement should spell out exactly what (a) the monthly fee is to be able to accept credit cards and (b) the exact “per transaction” fees that apply to each transaction that are processed. All merchant service providers should provide you with this information before you decide to use their service, and that will allow you to shop around and choose the most affordable and competitive service provider.

Second, if you are talking specifically about merchant services on your website, a reputable and comprehensive web solution provider should be able to put you in touch with preferred providers for merchant services that are compatible with their web solution.

Make sense?

]]> By: Nancy Boyd http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-183 Nancy Boyd Wed, 29 Oct 2008 20:03:24 +0000 http://powerontheweb.wordpress.com/?p=22#comment-183 Hi Clem, I visited your blog the other day but didn't see where to comment ~ but now that I found it, I want to thank you for being so clear on a topic that's usually, well, NOT. One thing I'd like to know about ecommerce, though, is how does a business owner deal realistically with all those "hidden charges"? You know, the ones that the merchant account charges you under "fees" -- that add up to some unbelievable percentage that was not originally explained. These days such costs can really eat into what little profit I had going and I'd love to get them under control! Your thoughts on that? Thanks! Nancy Hi Clem,

I visited your blog the other day but didn’t see where to comment ~ but now that I found it, I want to thank you for being so clear on a topic that’s usually, well, NOT.

One thing I’d like to know about ecommerce, though, is how does a business owner deal realistically with all those “hidden charges”? You know, the ones that the merchant account charges you under “fees” — that add up to some unbelievable percentage that was not originally explained.

These days such costs can really eat into what little profit I had going and I’d love to get them under control!

Your thoughts on that?

Thanks!

Nancy

]]> By: Suzanne Bird-Harris | vAssistant Services http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-178 Suzanne Bird-Harris | vAssistant Services Thu, 23 Oct 2008 19:38:28 +0000 http://powerontheweb.wordpress.com/?p=22#comment-178 Great explanation, Clem! Great explanation, Clem!

]]> By: Credit Card Processing http://powerontheweb.wordpress.com/2008/10/17/understanding-ecommerce-and-merchant-services/#comment-176 Credit Card Processing Mon, 20 Oct 2008 01:40:43 +0000 http://powerontheweb.wordpress.com/?p=22#comment-176 This is indeed an interesting post, it seems that you are an expert in your field. I liked the article its informative especially from people seeking info's like this. I'll bookmark this one, and i am looking forward for more of your content. Best Regards, Craig Leshinger <a href="http://www.nationalmerchantscorp.com" rel="nofollow">National Merchants Corp</a> This is indeed an interesting post, it seems that you are an expert in your field.
I liked the article its informative especially from people seeking info’s like this.

I’ll bookmark this one, and i am looking forward for more of your content.

Best Regards,
Craig Leshinger
National Merchants Corp

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