How do Merchant Accounts Work

So how do merchant accounts work? You may be surprised to learn that it’s basically a line of credit that is issued by an institution or bank which agrees to accept payments on your behalf for products and services that is offered by your website. As a company you would then receive any payments that are owed to you after refunds and fees have been subtracted.

If you are contemplating using a merchant account for your own business you should be aware that there are often several fees associated to having a merchant account which is often determined or set by the card provider. Each fee is normally determined based on a set schedule of rates. You will normally have to pay for normal swipe rates, manual swipe rates, authorization fees, refund rates and even itemized fees for creating your business a statement each month.

When deciding whether or not is right for you there will be several factors that will come in to play and you will need to determine what is right for your business. Do you need a business or personal account and what does each one offer you specifically. The benefit that is offered by Solidtrustpay is well worth the fees that you will pay to help make your website more efficient for customers. You will enable your customers to be able to shop for your services and products and with the help of Solid trust pay they will be able to quickly checkout and pay with the peace of mind of knowing that their financial information is secure.

Send Money To India In A Secure And Reliable Manner

Sending money all around the world is becoming more common than ever.  Now more than ever we are required to send money from one person to another, even when they are thousands upon thousands of miles away.  If you are in the United States and you have relatives in India, there may be a time where you need to send them money, and vice versa.  How can you complete this type of transfer though without much stress?

When you want to transfer money online from one country to another, there are many people who are now utilized something that is known as an electronic transfer.  This type of transfer will allow you to send money online from one individual to another individual.  You will need some information such as a bank account number and routing number to get this completed.  If you are sending international to India, you will need an IBAN number or SWIFT number as well.  If you do not want to do all of this work though, you may want to look into a service where you can have a money account linked to your bank account.

There are now companies such as Solidtrustpay that have really simplified what goes into doing a transfer of money from one country to another such as India.  If both of you have accounts with this type of service, you will be able to send money back and forth right from your already linked bank accounts.  This means that to do this through solid trust pay you will not even have to have their bank account information, just their account name on the service.

Terminated Merchant File, What To Do If You Are On It

The terminated merchant file is something that needs to be addressed by all businesses which have merchant accounts.  If you have a merchant account you rely on credit card payments for a significant portion of your sales revenue on a daily basis.  At the end of the day though, if you are unable to take in these payments you are going to be in trouble.

The terminated merchant file is a list of banned merchant accounts in a sense.  These banned merchant accounts are a scary thing for businesses as it means that you are not going to be able to process any credit card payments in any such way.  The banned list means that you have done some wrongdoing in the past with the financial institution.  When a financial institution wants to place you on the terminated merchant file, they can do so and they can severely limit the amount of money you can take in.

When you are placed on the terminated merchant file, your merchant account is going to be basically banned from doing business on a normal and everyday basis.  When you have a merchant account operator such as Solidtrustpay you need to work with them to determine who put you on the terminated merchant file.  From there, what you will be able to do is to work with them, companies like solid trust pay, so that you can be sure that you will be removed from the list as soon as possible.

How to Accept Online Payments from Your Customers

E-commerce is not going anywhere; in fact, it is growing. Whether you’re launching a new business or have been in business for years, the ability to accept payments online is crucial to the success of any business. Customers love the convenience of online shopping, especially when transactions are easy, fast, and secure, such as the merchant services provided by SolidTrustPay.

Before you can begin accepting payments online from your customers, you will need to open a merchant account. Companies such as Solid Trust Pay provide merchant accounts as well as the tools you will need to start accepting payments online. How does it work? It’s very easy. SolidTrustPay creates a snippet of code for your website in the customer purchase area. Then, your customers are redirected to SolidTrustPay’s checkout page, a secure page where they can complete transactions in mere seconds. Businesses with an SSL secured website can provide their customers with a seamless shopping experience by selecting a non-redirect, or invisible API option provided by Solid Trust Pay.

In addition to the ability to sell products and services online, a merchant account with SolidTrustPay comes with many benefits, including the ability to withdraw income via several options without reserves, maximums, or minimums. This means you can have access to your funds when you need it most. No questions asked.  Through a merchant account with Solid Trust Pay, businesses can also earn income through its free affiliate program. That’s more money for your business!

Grow your business by opening a merchant account today. Begin accepting payments online and enjoy the benefits mentioned above.