At the end of last year some retailing tracking studies placed online credit card use accounting for 80% of all sales. Clearly the consumer has spoken in favor of dealing with e-shopping sites that accept payments online.

This comes in spite of the fact that there is consumer awareness of identity theft and credit card fraud issues. However, the speed and convenience of credit card use trumps those concerns. Not to mention the additional buyer protections that comes with several of the leading credit card companies.

To open greater accessibility to the ecommerce industry, CardAccept.com has announced it has eliminated several of the fees and charges that have heretofore served as a stumbling block to a segment of the online business community.

To make the credit card services easier for online retailers to access CardAccept will no longer levy an application fee, gateway transaction fees, AVS fees – as well as fees for access to technical support and other costs.

With the institution of this policy CardAccept effectively opens the option of merchant account capabilities to e-business owners who previously may not have been candidates to accept payments online. According to industry estimates, some online businesses have seen out-of-pocket expenses as high as $1000 just to establish the credit card service component.

CardAccept.com services include the ability to accept checks by phone, fax or over the Web – any of which increase a business owner’s cash flow situation.

About CardAccept.com
In business since 1993, CardAccept specializes in merchant services for all types of businesses. The company provides the tools for secure real-time processing and offers superior safety protocols. From its brick and mortar terminal options to its ecommerce solutions, CardAccept makes merchant accounts easy to manage.

For the online business person who is getting ready to make the move and add credit card processing, the obvious first question is where to find a provider.

If you sit down at your computer and enter “credit card processing” or “accept payments online” into a search engine you’re going to get hundreds of sites to choose from. And this is where a rookie mistake is often made. An e-merchant sees all those providers and wonders if the smart play would be to use their local bank.

While that bank has been a great partner for things like their business checking account, banks as a rule are not the best place to get merchant services. At least not a place to look where the deal will be competitive.

Part of this stems from all the services that banks offer – savings and checking accounts, certificates of deposit, mortgage and home equity loans, insurance and financial planning. Even if they do these things well, and most banks do, their resources are spread too thin for something as important as merchant services.

For that reason banks usually can’t compete when it comes to the fees associated with credit card processing services, and many lack the flexibility needed. Indeed, some banks may not be able to handle the merchant services needs of smaller business like those that operate over the Internet.

It is smarter business to place your credit card processing with a company that specializes in that discipline. Because it is all they do they can offer better rates and are better able to put together cost-effective package of services so your e-store can accept credit cards.

And what about the bank? Well, when credit card acceptance boosts your profits you’re going to need somewhere to deposit all that extra cash.