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Merchant Accounts - Third Party Processors
By: Frank Owen, Sun Mar 19th, 2006
Third Party Merchant Account Services
There are many different ways you can set up a merchant account,
including through your bank or through an intermediary. Often
these methods are complicated however and require that you prove
your financial solvency. Thus for many small businesses
establishing a merchant account isn't always easy.
Fortunately that's where third party processors come in. One
example is Clickbank, a third party merchant account processor
that provides a quick, easy and inexpensive setup for just about
anyone. Some come with built in affiliate programs you can add
to your website. One of the benefits of using a third party
administrators is that any small business can usually sign up.
There is a downside though... many pay less frequently, up to a
month in between payments thus you may have to wait 30-45 days
for funds to be settled. For many small businesses this leads to
problems.
Disadvantages Third Party Merchant Account Processors
Third party administrators like intermediaries will also charge
you a fee. There are various fee structures, including set
monthly fees or per transaction fees. Third party processors
usually charge fees higher than those that other merchant
account providers charge direct customers. This sometimes limits
your choices when it comes to a third party processor.
You may also find you have to send your customers to the third
party processors website to make a purchase, which some worry
will make their business look cheap or less professional. You
will probably also have to use a pre fashioned order form with
the third parties form rather than your own.
About the author:
Article by Frank Owen, visit his web site for more information
on setting up and using a merchant account
http://www.merchantaccountinsiders.com
