A merchant account is kind of bank account that lets you accept credit cards. It is possible that your local bank offers merchant accounts, but it is generally a good idea to shop around for the best rate. The main fees involved in merchant accounts include the discount rate (a percentage of each transaction), a monthly statement fee, a chargeback fee, and sometimes an early cancellation fee if you sign a contract. Discount rates are higher for online sales than in-person sales, and you must tell your issuing bank that you are using your account for online sales as some do not underwrite online merchants.
In order to accept credit cards through your website, you will also need a payment gateway. These are often bundled with online merchant accounts.
When I grew out of PayPal and was shopping around for merchant accounts, I did several months of research and decided to go with e-onlinedata. My criteria were low fees, good customer service reviews, no long term contracts or termination fees, and experience working with online merchants. I was with them for several years and had no problems with their services.
However, the newest generation of merchants like Stripe are making the merchant account / payment gateway combo obsolete by providing both in one and saving you money in the process. Therefore Stripe is my new recommendation.
i try to find a good merchant account combined with payment gateway for a few days now,i run an adult site none of them seem to agree with it in theyr TOS do u have any suggestions?
so stripe isnt working in italy do u know anything that gets even close to stripe?
Hi – most payment processors consider “adult” sites high-risk because of the high number of chargebacks. You’d need to look for a processor that specifically serves adult or high-risk businesses. If you Google “adult webmastering” you’ll find all sorts of resources and forums on the topic.
I don’t know of a Stripe alternative in Italy, you’d have to do some research.
im tired of looking it seems the only way to resolve this is going to a local bank in my city il go to my bank on monday and see what can they offer me tnx anyway emma
P.S ur doing a good job with ur site keep on doing what ur doing