Merchant Accounts Wisconsin

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

Prepaid Wireless Direct
1-877-947-3577
Box 71101
Shorewood, WI
Merchant Warehouse
866-599-3217
Green Bay, WI
Merchant Warehouse
866-599-3217
Milwaukee, WI
Gingko Creative Inc
414-354-4036
5187 W Dean RD
Milwaukee, WI
Merchant Warehouse
866-599-3217
Madison, WI
Wells Fargo Financial
(262) 255-5211
N81W15104 Appleton Ave
Menomonee Falls, WI
Security Finance Corp
(608) 741-1336
1905 Center Ave Ste 2
Janesville, WI
American General Financial Services
(414) 744-7600
2972 S Chase Ave
Milwaukee, WI
Bank Mutual
(414) 744-4800
3847 S Howell Ave
Milwaukee, WI
Park Bank
(414) 466-8000
330 E Kilbourn Ave Ste 150
Milwaukee, WI

Provided by: 

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.

Click to read more from TopTenReviews.com

Featured Local Company

Prepaid Wireless Direct

1-877-947-3577
Box 71101
Shorewood, WI
http://www.prepaidwireless.2ya.com

Related Articles
Regional Articles
- Merchant Accounts Appleton WI
- Merchant Accounts Baraboo WI
- Merchant Accounts Beaver Dam WI
- Merchant Accounts Beloit WI
- Merchant Accounts Brookfield WI
- Merchant Accounts Burlington WI
- Merchant Accounts Cedarburg WI
- Merchant Accounts Chippewa Falls WI
- Merchant Accounts Cudahy WI
- Merchant Accounts De Pere WI
- Merchant Accounts Delavan WI
- Merchant Accounts Eau Claire WI
- Merchant Accounts Elkhorn WI
- Merchant Accounts Fond Du Lac WI
- Merchant Accounts Fort Atkinson WI
- Merchant Accounts Franklin WI
- Merchant Accounts Green Bay WI
- Merchant Accounts Hartland WI
- Merchant Accounts Janesville WI
- Merchant Accounts Kaukauna WI
- Merchant Accounts Kenosha WI
- Merchant Accounts La Crosse WI
- Merchant Accounts Lake Geneva WI
- Merchant Accounts Madison WI
- Merchant Accounts Manitowoc WI
- Merchant Accounts Marinette WI
- Merchant Accounts Marshfield WI
- Merchant Accounts Menasha WI
- Merchant Accounts Menomonee Falls WI
- Merchant Accounts Menomonie WI
- Merchant Accounts Merrill WI
- Merchant Accounts Middleton WI
- Merchant Accounts Milwaukee WI
- Merchant Accounts Mosinee WI
- Merchant Accounts Mukwonago WI
- Merchant Accounts Muskego WI
- Merchant Accounts Neenah WI
- Merchant Accounts New Berlin WI
- Merchant Accounts Oak Creek WI
- Merchant Accounts Oconomowoc WI
- Merchant Accounts Onalaska WI
- Merchant Accounts Oshkosh WI
- Merchant Accounts Pewaukee WI
- Merchant Accounts Racine WI
- Merchant Accounts Rhinelander WI
- Merchant Accounts Rice Lake WI
- Merchant Accounts River Falls WI
- Merchant Accounts Schofield WI
- Merchant Accounts Shawano WI
- Merchant Accounts Sheboygan WI
- Merchant Accounts South Milwaukee WI
- Merchant Accounts Stevens Point WI
- Merchant Accounts Sturgeon Bay WI
- Merchant Accounts Sun Prairie WI
- Merchant Accounts Superior WI
- Merchant Accounts Thiensville WI
- Merchant Accounts Two Rivers WI
- Merchant Accounts Watertown WI
- Merchant Accounts Waukesha WI
- Merchant Accounts Waupaca WI
- Merchant Accounts Wausau WI
- Merchant Accounts West Bend WI
- Merchant Accounts Whitewater WI
- Merchant Accounts Wisconsin Rapids WI

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History