Credit Card Merchant Accounts
Whether you are buying an existing business/franchise, or
starting your own. Sooner or later you will want to be able to
accept credit cards. Almost everyone carries one and it is so
nice for impulse sales and services!
Now, shop around. Call you local banks and ask how much it
will cost to set up a new merchant account. What will the monthly
fees be? Per transaction fee? Verification fee? Minimum monthly
fee? Reporting fee? Application fee? Setup fee?
As I learned, it can be expensive! If you do not have fixed
retail location, it gets even worse! Should you be doing mail
order or internet sales, watch the expression on your bankers
face when you disclose this!
When I was shopping for a merchant account in 1998 I got quotes
from $1,000 to $2,000 just for the initial set up. My local bank
was high, the discount clubs were higher, and national banks
were even higher. I ended up going with a service out of California
and banking through Texas. My fee at that time was $475.00 which
I considered a bargain compared to my bank that was holding my
Today, I have found another company with lower (zero) application
fees. They have agreed to waive the normal $250 application fee
to customers of Bizology.com
If you have a storefront retail location your processing fee
will be under 2% and if you are mail order, internet based or
traveling doing shows your fee will be just over 2%.
CreditCardCommerce.com and Bizology announce a strategic
Beverly Hills, CA - 3/2/2001 -- CreditCardCommerce.com,
the leading provider of electronic commerce and credit card processing
services, today announced a powerful strategic alliance with
Bizology of Williamsburg, VA (website: http://www.bizology.com),
a resource center dedicated to web and business development.
As a Partner of CreditCardCommerce.com, Bizology will use CreditCardCommerce.com
Internet based e-commerce software to strengthen its Internet
service offerings by providing customers with pre-approved, turnkey
electronic commerce solutions that interface their customers
new and existing websites.
"The CreditCardCommerce.com partnership will enable Bizology
to offer a world class turnkey e-commerce solution to our customers",
said Charles Bennett, an executive at Bizology. "We have
negotiated with CreditCardCommerce.com for all Bizology´s
customers to get a merchant account with the $250.00 application
fee waived. Customers of Bizology will only pay the lowest prices
available for credit card acceptance. CreditCardCommerce.com
also has also extended leasing programs available for the small
business budget." "Partnering with well known internet
development companies like Bizology is a huge part of our marketing
strategy," said Alexis Watson, Vice President CreditCardCommerce.com.
"With cutting edge Internet based partners like Bizology
across the country, CreditCardCommerce.com can look forward to
even more rapid advancements of our industry-leading Internet
"As our customers´ requirements evolve and the
market continues to grow, the need for a standardized, scalable
Internet commerce platform is essential in order to continue
delivering superior service," said Charles Bennett, an executive
at Bizology. "CreditCardCommerce.com is an industry-proven
solution that will enable Bizology to seamlessly expand its service
offerings to a growing customer base."
Bizology´s customers, can now commerce-enable any web
site in just a few days. This will allow them to accept Visa,
Mastercard, American Express, Discover, Debit Cards and Online
Checks directly from any web site, 24 hours per day, 7 days per
week, from anywhere in the world.
Bizology has also announced a three tier commission, affiliate
program in partnership with CreditCardCommerce.com. "The
CreditCardCommerce.com Merchant Account affiliate program is
the best one we have found", said Charles Bennett, "We
feel that our customers will do very well offering these needed
services on their website. They will earn income from the best
commission program on the Internet".
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