Merchant Account Massachusetts

Merchant accounts aren't the same as ordinary bank accounts even though ordinary banks provide them. These accounts allow a business to accept credit cards as payment for goods and services.

Local Companies

B K J Productions
617-556-0130
337 Summer St
Boston, MA
www.builderwire.com
(781) 275-2400
200 Great Road
Bedford, MA
Link Mink
(413) 530-0809
298 South St
Northampton, MA
Elisign
617-469-4400
4190 Washington St.
Boston, MA
Ablazing Web Design
617-822-0685
171 Walnut St
Boston, MA
Elite Pet Wholesalers
978-705-9505
301 Newbury Street
Danvers, MA
B2C Partners
781-585-0750
303 Elm Street
Kingston, MA
Assette
617-723-6161
1 Faneuil Hall Market Pl
Boston, MA
Key Milford Llc
(617) 244-1700
200 Boylston St
Chestnut Hill, MA
Ts Target Sites Inc
(508) 460-0696
21 Royal Crest Dr
Marlborough, MA

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Merchant accounts aren't the same as ordinary bank accounts even though ordinary banks provide them. These accounts allow a business to accept credit cards as payment for goods and services. In a way, merchant accounts act as a contract between the business owner and the bank. Rules defining how products will be bought, sold and paid for are set; any violation of these rules is considered fraud.

When your application for a merchant account is being considered, two entities participate an ISO (Independent Service Organization) and an underwriter. Usually the ISO also serves as the underwriter. The ISO evaluates the future the success and risk of the merchant applicant and approves or denies an account. If the merchant violates the terms of the merchant account agreement, the underwriter/ISO will shut down the account.

There are two different kinds of merchant accounts available, the ”Over-the-counter” (OTC) and the ”money-order/telephone-order” (MOTO). Over-the-counter merchant accounts are used primarily for retail merchants. These types of merchant accounts typically have lower discount rates and transaction fees because the customers’ credit cards are physically present at the point of transaction.

Money order/ telephone order merchant accounts are used primarily for Internet-based businesses. The transaction requires two steps instead of one. Once all of the card information is entered, the data is verified and then the money is subtracted from the cardholder's limit and placed in a 30-day holding account without actually charging the card. After the product is shipped the card is charged for the purchase price.

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Featured Local Company

B K J Productions

617-556-0130
337 Summer St
Boston, MA

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- Merchant Account Lynn MA
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- Merchant Account Marblehead MA
- Merchant Account Marlborough MA
- Merchant Account Mattapan MA
- Merchant Account Medford MA
- Merchant Account Melrose MA
- Merchant Account Methuen MA
- Merchant Account Middleboro MA
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- Merchant Account Stoneham MA
- Merchant Account Stoughton MA
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- Merchant Account West Roxbury MA
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