Third Party Credit Card Processor

It is generally seen that Internet merchant accounts are harder to obtain, especially for Non-US businesses where obtaining a merchant account is much too expensive or hard to get. This is because of increased security risks as no signatures are involved, nor is a card physically presented at the point of sale.

Another option may be to use a third party processor, which is basically a payment gateway and merchant account rolled into one. A third party credit card processor is a company that accepts credit card orders on behalf of other online businesses.

If you can't afford a merchant account right now, go for third party credit card processing companies. Instead of paying transaction fees, monthly statement fees, etc., they take a percentage of your products cost (usually 3% to 15%). Look at it more as a temporary solution for your business if you are just starting out and don't have the money to purchase a merchant account. In the long run, get a merchant account.

Third-party credit card processing companies handle your credit card transactions for you in return for a cut of your profits. Setup is typically either free, or there's a small, one-time fee. If you intend using a third party credit card processor that combines gateway services with a merchant account, added to the points already mentioned, ensure you also check on monthly gateway fees, AVS costs, and any other added fraud protection you wish to implement. After your customer places an order, that sale is automatically credited to you, minus the company's commission. The third-party processor pays you at regular intervals, according to their pay schedule.