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Long-Time Internet Marketing Guru Jim Daniels
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Don't You Get Ripped Off Getting A Merchant Account
Copyright 2004 By Willie Crawford
Far too many people get ripped off when setting up a
merchant
account for their online business. The biggest reason is
that
they don't understand their options and are intimidated
by the
whole process. Now, armed with the proper knowledge,
you don't
need to become a victim of this process.
You may be like me when I first decided my online
business had
grown big enough to justify a merchant account. Maybe
you have
enough sales where getting your own account makes a lot
more
sense than using a third party processor who charges
outlandish
rates. Maybe you should use both third party processors
and your
own merchant account... giving your customers more
choices.
Click Here to Start.
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Beef
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190 Friends
Member
since 2/16/2006 |
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When I set up my
first merchant account, I filled out the long,
complicated application and submitted it with a several
hundred
dollar application fee. I had to fax a bunch of
supporting
documents to prove I was worthy of being considered for
an
account. Then I held my breath and waited for several
weeks.
Finally, I got the news that I was approved and could
now sign a
long-term contract to allow them to charge me more high
monthly
fees that I didn't fully understand. The one that was
the most
mystical to me was the virtual terminal rental fee.
This
company also REQUIRED me to pay a steep fee to have my
order
form hosted on their secure server.
When I got my last merchant account, I filled out a
simple online
form, paid less than $100, and had the account activated
within
24 hours. The money I paid covered setting up the
merchant
account, gateway, and virtual terminal. I could now
process
transactions from anywhere in the world and it was
great!
If you've never used a virtual terminal before, let me
explain.
You can be on an airplane 40,000 feet above the earth.
The person
sitting next to you can ask what you do. You explain,
and he's
interested in getting your product. You can take his
credit card
information, connect to your virtual terminal using your
laptop
and the in-flight phone, and process the transaction
while eating
your in-flight meal.
It's great, and I've always enjoyed having access to all
of the
features of my merchant accounts. I just didn't
appreciate the
fact that they seemed to try to deliberately confuse you
during
the application process. They all used different terms
making it
nearly impossible to compare features and rates. It
seemed that
they didn't want you to fully understand the process or
product.
BEAT the Cold Winter of 2007 ARIZONA'S NEWEST WONDER
Kartchner Caverns State Park opened in 1999. This stunning limestone cave system is one of the top in the world. Visit Sunny Southwest this cold winter |
Guess what... they
probably didn't want you to understand because
that allowed them to rip you off for more.
Here are the facts:
If you pay more than $100 to get set up with a merchant
account,
gateway, and virtual terminal you're paying too much.
The industry is very competitive so you should compare
rates. If
you don't get a clear explanation of the features you're
getting, go somewhere else.
When you pay those large application fees, most of that
money is
commission for the agent or reseller. So don't fall for that
ploy!
BEAT the Cold Winter of 2007 ARIZONA'S NEWEST WONDER
Kartchner Caverns State Park opened in 1999. This stunning limestone cave system is one of the top in the world. Visit Sunny Southwest this cold winter |
They need you as much
as you need their services. Many of the
parties involved in the system make their money from the
transaction and monthly fees you pay. These fees differ from
company to company so you should compare. I suggest not
paying
more that 2.35% per transaction.
After getting ripped off, and feeling victimized by the
industry
for years, I decided to not take it any more. I cornered an
industry
insider and picked his brain. He's set up merchant accounts
for
both online and offline businesses for years. I got him on
a
conference call and had people call in and ask any question
they
wanted. He spilled the beans.
Even better, we recorded the entire conference call AND I
want to
give you a copy of the recording from that call. It's
simple,
you can grab the MP3 recording with my compliments at:
http://therealsecrets.com/free-merchant-account-teleseminar.html
Armed with this powerful information, you'll be able to
compare.
You'll be able to make an intelligent decision instead of an
expensive mistake. It will be impossible for you to get
ripped off
when getting a merchant account.
Knowledge is a very powerful business building weapon. Arm
yourself
today!
ABOUT THE AUTHOR:
Willie Crawford has been teaching others how to
build an on-line
business since late 1996. Frequently featured in radio, magazine
and newspaper articles and interviews, Willie teaches the average guy
what the top marketers are doing but seldom talking about. For example,
Willie demonstrates the power of automated residual income through his
system at:
http://ProfitAutomation.Com Don't miss it! |
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