April 16, 2001 By: Arlene Martell Website: http://www.1st-choice-merchant-accounts.com Shopping with credit cards online – is it a good deal? What makes shopping with credit cards online so appealing? Women love to shop the malls and could spend the day browsing but most men get in and get out as fast as possible! When you shop online from home, it doesn’t matter what you look like and you can most definitely save a lot of time. Since credit card processors have ensured secure sites to shop on, buying with credit cards online has never been easier. Last year alone, items purchased with credit cards online topped $900 billion in sales. What is important for the Internet merchant to remember is that his overhead is not in the form of a physical storefront, but in the fees he pays to merchant account providers. Typically 7 to 15% or more of each sale from the credit cards online goes to the merchant account provider. There may also be monthly fees, charge back reserves and hidden service charges to take into account. All of these costs must be built into the price of the product and the product must still be priced the same or less than buying elsewhere. Most shoppers today do not pay with cash. They often pull out their credit cards online and the purchase is made. Businesses have recognized this and are able to take advantage of this explosive growth by having a merchant account set up. Studies have shown that accepting all forms of payment can increase sales by 30 to 50% or even 1500% on Internet purchases. If the vendor did not accept credit cards online as a payment option, he may lose the sale and the customers future business. Click here for more information on Credit Cards Online or to choose from a variety of related products and services. About The Author: Arlene Martell is a successful author and publisher of http://www.1st-choice-merchant-accounts.com.  A source of Info & Tips for the banking industry featuring articles, comparisons & reviews of online banking providers & merchant accounts etc.

 

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Merchant Accounts
Merchant accounts will allow credit card processing, giving you the benefit of being able to accept credit cards from any prospective customer and have the transaction completed at the time of purchase. Free merchant accounts can be found online and will save merchants thousands of dollars every year in credit card processing costs. More Merchant Accounts ...

Money Market Account
Money market accounts can be set up and managed online and you will appreciate the convenience of finding the best money market account available with Internet access. Since there is such a variety of money market funds for you to choose from you will need to review the specific features of each fund. More Money Market Account ...

Checking Account
Online checking accounts offer many benefits and with some that includes free checking. Checking accounts can be managed far more effectively and efficiently online. More Checking Account ...

Savings Accounts
Savings accounts vary considerably from one bank to another. There are a variety of choices for the type of savings account you choose like high interest savings accounts and individual savings accounts. More Savings Accounts ...

Online Bank Account
Internet banks offer such great features and benefits, it is no wonder so many people are using online bank services. Review all the options available to find the best online bank for your banking services. More Online Bank Account ...