I am currently looking into opening a Online Store but need to keep my costs as low as possible, so I would prefer not to pay a 3rd party for proccessing Credit/Debit Cards.
Does anyone in this forum have a direct relationship with a Merchant Bank? as I would like to know if it is possible for me to Proccess Cards through my server and saving myself the 3rd Party Processing/Monthly Fees.
Or does anyone have any other ideas on how I can accept Credit/Debit Card payments at the lowest cost possible?
hi anne you might find it quicker, cheaper and easier to use "3rd party" processing only without a bank merchant account. i don't think 3rd party is the best term as many PSPs do not require you to have a bank merchant account.
check worldpay.com and netbanx.com. if you want more specific info about these just sticky mail me.
Thanks pshea, I got one other question...do they send checks to your affiliate's if you needed that service?
Another note for anna up on top.
For high tech advancements search for a product called the "eCashpad".
I've beening watching the developments on this device for the past year now and if the tech picks up with consumers it will basically be card present transations in the comform of your home with the merchant enjoying a low rate of about 1.7% I believe.