|
1. If you don't have your own merchant
account, you could not take credit card orders via phone, fax,
or mail order. The customer had to input their credit card information
100% on line, and it's illegal for you to input the credit card
information of a customer yourself if you don't have your own
merchant account. Still, many customers are not confident of disclosing
their credit card information on- line. Thus, you lose many customers.
2. You have to wait up to 1 month
to get your money. If you have your own merchant account, you
get the money within several days via electronic transfer.
3. When customers got their credit
card bills they see "the third party on-line payment service provider"
as the merchant, not your company, this caused a couple of people
to charge back their orders and you will lose money!
4. The fees of third party on-line
payment service providers are usually between 8 and 15%. These
fees add up and over time you can save a lot of money by getting
your own merchant account instead.
5. Your own merchant account also
gives you more credibility, much like having your own domain name.
People think that you are a serious merchant. As a result, you
get more orders.
6. You take less risk by having your
own merchant accounts. If your third party on-line merchant payment
provider closes her business, you may suffer a great loss. In
general, the chance for an Internet company to bankrupt is higher
than a bank.
7. Some third party on-line payment
service providers need your customers to register as their users.
This action drive your customers away and you lose money.
Conclusion: In long run, open your
own merchant account is a plus to your serious business.
To open your merchant account, try
Ecommerce
Exchange, which is a reliable service provider.
|
