It is an undeniable fact that to
achieve the full financial and marketing potential of operating
on the Net, Internet Traders need a reliable Merchant Account which
because of the tightening of their criteria by the major banks following
the events in the United States on the 11th September 2001, such
Accounts have become increasingly difficult to secure.
The situation has become even more difficult since April 2002 because
two of the major credit card companies have imposed conditions (particularly
in relation to Master Accounts) which very few of the smaller Processors
can meet.
However, there are still Processors that offer Merchant Accounts
with only minimal due diligence but these are usually based in Countries
that do not have strict banking laws or are subject to a Governing
Body. It is not unusual for some of these Processors to "disappear"
from the Net with the resultant financial loss to the Merchant.
With the object of being able to offer Merchants the best and most
reliable processing service available, we conducted an extensive
survey and we feel that the Processors, of which we give details,
can be safely recommended.
There are a lot of people asking for merchant
accounts, but most of them are for MLM or similar span generating
businesses, and they can't get a "local" merchant account,
and they try offshore. Most of them believe that they can get it
with the same minimum/no requirements as they did with PayPal. That
days are over now.
Now, to get a merchant account one have
these options: |
