http://www.mylot.com/w/keywords/merchant+account.aspx MyLot Discussions About merchant account en-gb http://www.mylot.com/w/discussions/2172065.aspx A good friend of mine is working to keep one of the few independent music stores ( sells vinyl records, CD's, sheet music, etc.) in our part of the state up and running. I would like to help him out - - any suggestions to improve sales? Mon, 02 Nov 2009 16:36:41 GMT valentinesdiner http://www.mylot.com/w/discussions/2057954.aspx I'm in the middle of setting up a site with php and mysql Its will have members and also a database of services and things to buy. I need to hook this into some kind of paypal and credit card processing. Does anyone know of a good merchant account and how easy is it to hook into a website. Any help on this would be so much appreciated thanks -x- Nat Fri, 03 Jul 2009 06:24:01 GMT Natasiamog http://www.mylot.com/w/discussions/1495616.aspx A person whom I never meet nor I chatted before on net today requested me for one dollar for some of his requirement.I gladly gave out and he was very happy and paid thanks. Though he promised to return it but I think I have done a blunder without knowing a person giving away my hard earned money.What do you think regarding the issue? Mon, 28 Apr 2008 13:14:29 GMT muzaffer007 http://www.mylot.com/w/discussions/1198729.aspx If you are a business owner (retail or internet) seeking to accept credit cards as a form of payment from your clients or if you currently accept credit cards, you must read this! Many business owners find out too late that the fees that they were presented with for their merchant account are NOT what they end up being charged. Often they do not find out until they receive their first statement! DO NOT fall into this trap. You want to deal with a company who leads with their best foot forward the first time. When searching for a merchant account provider make sure not only are they disclosing their best deal, but they are indeed disclosing the material facts!! Every company will "guarantee" to beat their competitor's rates, but why haggle when you should be given the best offer up front? When you shop for your merchant account, see what information they give you without you having to ask about something. Typically all you will be quoted is a rate, transaction fee and monthly fee. What about the other fees? At that point, you should feel betrayed, as they did not keep your best interest at heart. DO NOT sign up with another company if they do not disclose the fees below! You will be surprised how many DO NOT disclose these fees up front and how much they charge without you asking. Make sure you find out the following fees: Application/Set Up Fees Qualified Rate Mid Qualified Rate Non Qualified Rate Transaction Fee Batch Header Monthly Minimum AVS Interchange Pass Through Credit/Debit WATS/Auth Fee Annual Fee Monthly Basic Service/Statement Fee Contract Term If someone tries to set up your account without mentioning these fees, check your paperwork or statement closely, you'll be surprised how much you weren't told! Visit http://www.ipsinc.ws for the #1 Recommended Merchant Account Provider Fri, 13 Jul 2007 12:10:20 GMT omupas http://www.mylot.com/w/discussions/1117745.aspx I'm shutting down my services with PayPal. This is the third time that a customer has tried to scam me. PayPal has frozen a large sum that I cannot survive as a business. Here's why you shouldn't use PayPal: 1. Fees: they take a huge percentage of your total amount out of the purchase price. It's approximately 33% when you add up youeBay fees (eBay and PayPal are the same company.) 2. There is no Seller Protection anymore. If you get a payment from someone's credit card and it does not match the purchaser's name, you have no right to refuse the payment. 3. Buyers scam sellers all the time. They get an item and break it themselves (in another seller's case, a mother bought a saxophone for her son, the son broke it, and the mother sent it back, broken, claiming it arrived that way.) 4. Paypal freezes the Seller's account anytime a buyer wants them to. By filing a dispute, a buyer can literally take down a business. In my case: a. buyer decided he didn't want the item and claimed it was defective b. buyer broke the item and claimed I sent it to him that way c. buyer said I took too long to ship and now does not want $300 of items that I made, custom!, for him. All these buyers successfully froze my account for money I needed to fulfill other people's orders (shipping, etc.) I'm at the end of my rope. I called Paypal and complained. The gal I spoke to said that there was nothing they could do. They follow a strict set of steps, according to her. I found out that because PayPal likes to "act like a credit card company" and has a 7-day shipping policy, anyone who does not get their order within 7 days can file a dispute against the seller. Funny thing, though, credit card companies do not freeze seller's accounts until the dispute is officially settles by their review boards. Paypal freezes accounts at the drop of a hat. I'm literally being driven out of my eBay business by cranky, impatient, dumb and scammer buyers. As a result, I will get myself a credit card processing company to do the work for approximately 2.19 % of the purchase price, and my account will never be frozen again. You don't need PayPal (as a Seller). Please find alternate arrangements as soon as possible to avoid the hassles that I've learned the hard way. ***As a Buyer, there are also problems, including not crediting Buyers for fraudulent payments on their credit cards!!!!!*** See this website for more info: http://www.paypalsucks.com/ Fri, 01 Jun 2007 11:53:19 GMT DarlingGirl