Merchant Account North Carolina

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

StreamLogic Inc.
704-771-1090
3030 Glen Summit Dr.
Charlotte, NC
Big Noise Inc
704-333-7929
3100 N Davidson St
Charlotte, NC
Clear Wire Sales
336-793-5983
1980 Griffith Rd
Winston-Salem, NC
Internet Solutions
(919) 383-8084
3600 Hillsborough Rd
Durham, NC
Easy Stop
336-767-0038
5944 Germanton Rd
Winston-Salem, NC
Fire Stream Media
(919) 683-1100
305 E Chapel Hill St
Durham, NC
Intrex Internet Services
(919) 406-1578
200 Park Office Dr
Durham, NC
Propellor Interactive Design
(919) 544-7750
2314 S Miami Blvd
Durham, NC
Coalmarch Productions LLC
919 481-2895
125 Edinburgh Drive South
Cary, NC
Carbonhouse Inc
704-333-5800
809 W Hill St
Charlotte, NC

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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

StreamLogic Inc.

Specializing in technology integration, business process automation, software development, and workplace collaboration.

704-771-1090
3030 Glen Summit Dr.
Charlotte, NC
http://www.StreamLogicInc.com

Specializing in technology integration & optimization, business process automation, custom software development, and workplace collaboration solutions, StreamLogic helps organizations align technology with their business goals, developing complete solutions to help them run better, prosper and grow.

At StreamLogic, we provide more than just great service. We work as a part of your team, taking the time to learn what is important to your business. By understanding how you measure success, we are able to offer customized technology solutions that help your organization operate more effectively, better utilize your technical resources, and spend less money.

Headquartered in Charlotte, North Carolina, StreamLogic serves clients across the United States, as well as several international organizations in Europe and Asia. We use a combination of the latest technologies and business best-practices to enhance your business and create a positive impact on your bottom line - and that makes us one great partner.


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