What is a merchant account?
A merchant account gives a company the possibility of credit cards as payment for goods and services for companies to accept. This gives your customers a very popular payment method to cash and checks.

studies have shown that retailers can improve their overall business by 50% to 80% or more, and sometimes even hundreds of percent. In addition, customers rather buy goods at a higher price by a payment method that offers the flexibility to repay. It is expected to change by the year 2002, credit card transactions for 98% of Internet sales, which equal 0.6 billion U.S. dollars.

market innovative solutions of PA Inc., which specializes in creating all types of businesses across the country with the financial services and merchant processing solutions for credit cards. Whether you are a merchant account retail merchant account online or by mail / phone order merchant account that we are a low-cost merchant account is right for your business. Our merchant account fees are some of the processing speed of the most competitive in the industry.

How does a merchant account?
How it works with retail accounts or slipped

Step 1:
A client your company offers a non-cash payment as a credit card to buy for.

Step 2
A transaction occurs when a slip by credit card or manually enter credit card information into the terminal.

step 3.
An electronic transaction is approved by the credit card terminal, or refuses the payment process. If approved, your credit card service credit and deposit money into your bank account the amount of the transaction within 2 to 3 days per minus the cost (discount rate and transaction) transaction.

How it works with Internet accounts:

Step 1:
consumers complete their orders through the online store dealer. This should be a secure website, so that the consumer is the personal information including bank details (credit card or check) is encrypted so that they can not be intercepted and read to be done by others during its transmission over the Internet. Secure pages should always be in dealing with online credit card processing.

Step 2:
The program brings basket on the host web order information in a form that collected the business of processing credit card expected.

Step 3:
The cart sends the order form from the host processor of credit cards (payment gateway). Checks credit card processor that the information they receive on the job, to be sure that it what it takes to continue processing the transaction. It then determines what company manages the customer’s credit card and sends a request card.

Step 4:
customer card valid credit card and change. If everything checks out and the credit card is clear for the purchase of credit card company sends a confirmation to the card processor that the requested be transmitted. If the credit card company denies the charge, it sends back a code on the credit card processor indicating what the problem was.

Step 5:
The credit card processor now has the program to Cart hosting or not the transaction was successful (the shopping cart can then say that the client order was completed and the order on the trading market for the supply of goods or services). The credit card processor initiates a transfer (right) to the merchant account company for deposit into the merchant’s bank account he has registered.

Step 6:
Internet merchant accounts collect the funds for a certain time and make regular payments to the merchant account and regular processing of transactions completed by credit card.

As discount rates and transaction costs of the work?

Our merchant account fees are divided into two parts: the discount rate and transaction fees. The discount rate is the percentage of each transaction costs the buyer to the dealer to the charging. Since the discount rate is a percentage of the total ticket amount, the amount from the merchant account depends on the size of the Notes depend deducted. Transaction costs, on the other hand, is a fixed amount charged each transaction. The transaction costs remain the same. For example, if a dealer sells a credit card for 0 and the discount rate was 1.70% and transaction cost is 25 cents, are the calculations: (0 x 1.70%) + 0.25 = 0.95. In this example is 0.05 deposited in the merchant account a merchant and 0.90 deducted to pay for the treatment of the transaction. We will now say, the sale of credit cards is 00, and the discount rate 1.70% again and dealing costs .25, the calculations are: (00% x 1.70) + 0.25 = 0.25. In this example, paid 2.75 the merchant merchant account and .25 for the processing of the transaction is deducted. As you can see the amount taken to the discount rate varies, while the amount taken for the transaction fee remains the same. Please read our FAQ for any questions you may have.

What is the difference between “Show Map” and “card not present” transactions?

Two different types of transactions by credit card is “card present” or “stolen” transactions and “card not present” or “key” transactions. A transaction is a “presentation card” or “stolen” process when the credit card customers at the point of view present sale. The operation is when the card is swiped in a terminal, so that information obtained from the cardholder by reading the magnetic strip on the back of the card. “Card not present” or “key” transactions occur when credit card information is entered into the credit card terminal, usually without a credit card or with the customer at the time of the sale. The discount rate for a “card not present” transaction is slightly higher than that of a “Card Present” transaction, because the likelihood of fraud or the opportunity is superior to a customer return a product.

How can a merchant account?
You can find information by filling out a short online form to request http://www.imsofpa.com. If you prefer, you can 1-800-328-2269 to speak to a representative of the new accounts to set up an account or transfer an existing business.


Merchant Services