Merchant Accounts 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

Primax
1-866-744-4318
516 Edgewater Drive
Wakefield, MA
Capital Bank Card
(503) 828-1925
2 INTERNATIONAL PLACE 4TH FLOOR
BOSTON, MA
Merchant Warehouse
866-599-3217
Springfield, MA
Merchant Resource
781.939.0880 x 107
300 Trade Center
Woburn, MA
ProPoint Card Services
877-306-1506
203 Plymouth Ave.
Fall River, MA
ProPoint Card Services
877-306-1506
203 Plymouth Avenue
Fall River, MA
Merchant Warehouse
866-599-3217
Lowell, MA
Merchant Warehouse
866-599-3217
Worcester, MA
Merchant Service Inc
(888)874-0362
5 Bristol Dr Suite 1B
South Easton, MA
Merchant Warehouse
866-599-3217
Boston, MA

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Merchant Accounts vs. "Ordinary" Bank Accounts

A merchant account isn't the same as an ordinary bank account even though you can set one up through an ordinary bank. Credit merchant 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.

The Merchant Account Application Process

When your application for a credit card 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 success and risk of the merchant account 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 credit card processing account.

Types Of Credit Card Merchant Accounts

There are two different kinds of merchant card 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 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 and online 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 credit card is charged for the purchase price.

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Featured Local Company

Primax

Boston based credit card processing company who will individually evaluate your business needs. No long term contracts!

1-866-744-4318
516 Edgewater Drive
Wakefield, MA
www.primaxpayments.com

There are a lot of card processing vendors in the market who claim to be local. What that usually means is that the company is located else where and they have hired a local sales representative. With Primax local means that we are literally right down the street. Our facility is located in Wakefield Massachusetts and has the staffing at that location to meet all of your card processing needs 24X7. Local means that we are a fellow Massachusetts business that will be available to take care of your business needs today and will be there to grow with your business tomorrow.

Some of the many benefits of working with Primax:

· Competitive rates
· No contract period
· 24x7 Help Desk/Customer Service support
· Terminal deployment and training
· Supply and accessory sales
· Wide array of point-of sale equipment options
· Daily fraud and risk management services
· Payment professionals with almost 30 years of industry experience
· A truly local sales and service staff

For more information, contact us at 1-866-744-4318 or visit our website at www.primaxpayments.com. We look forward to hearing from you!


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- Merchant Accounts Lynn MA
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- Merchant Accounts Marblehead MA
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- Merchant Accounts Medford MA
- Merchant Accounts Melrose MA
- Merchant Accounts Methuen MA
- Merchant Accounts Middleboro MA
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- Merchant Accounts Plymouth MA
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- Merchant Accounts Salem MA
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- Merchant Accounts Scituate MA
- Merchant Accounts Shrewsbury MA
- Merchant Accounts Somerville MA
- Merchant Accounts South Hadley MA
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- Merchant Accounts Springfield MA
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- Merchant Accounts Stoughton MA
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- Merchant Accounts Taunton MA
- Merchant Accounts Tewksbury MA
- Merchant Accounts Walpole MA
- Merchant Accounts Waltham MA
- Merchant Accounts Watertown MA
- Merchant Accounts West Roxbury MA
- Merchant Accounts West Springfield MA
- Merchant Accounts Westborough MA
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- Merchant Accounts Westford MA
- Merchant Accounts Weymouth MA
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