Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

ECommerce Merchant Accounts – What to Watch For

By Jim Romanik Subscribe to RSS | December 10th 2011 | Views:

A major component of online event registration is credit card processing and it’s not always easy to fully understand all of the different fees and terms various providers offer. One of ePly’s partners, Caledon Card Services, has provided the following article to help explain what you might encounter.

There are many important factors in putting on a successful meeting, conference or event including making sure you have a cost-effective program for accepting Visa and MasterCard.

Most merchants deal with their bank for the initial set-up but often end up switching providers as the industry is becoming increasingly competitive putting downward pressure on pricing.But before switching providers it is important to make sure all of the costs associated with the new offer are understood so as to avoid cost ‘surprises’.

Part of the change that the industry has under gone in the last five to ten years is a move away from a single price driver – discount rate to a model that makes use of multiple price drivers.The new model can make it difficult to really understand what is important when it comes to pricing.

Typically the new model is sold with a too-good-too-be-true discount rate while the merchant potentially ends up overpaying on the other fees.Because of this it would not be unusual for a merchant to end up saving only a nominal amount of money despite paying a substantially lower discount rate with their new provider.To effectively compare competing offers merchants need to focus on the monthly or yearly costs and not the individual pricing components of the offer.

Once a merchant has a real understanding to the costs involved with switching to a new credit card provider the next step is completing the necessary paperwork and signing the Agreement. Prior to signing the new agreement a merchant would be wise to make sure there aren’t any ‘hidden’ fees in the agreement.Some providers charge a fee to change a bank account or mailing address while others charge prohibitive cancelation fees. If also entering into a lease agreement make sure the end of lease procedures (and costs) are understood.

It often makes a lot of sense for a merchant to change providers as the savings can be substantial but proper due diligence is required. A confident sales rep will spend as much time as required to explain the how they have priced the account so don’t be afraid to ask questions. And remember discount rate is now just a part of the costs associated with accepting credit cards.

Jim Romanik - About Author:
Jim is the president of ePly, an event registration software that makes event registration software a breeze. For more information about online registration software please visit

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

Need of a number plate & benefits of registration
Published by Robert Muraine on July 9th 2012 | Business

There are variety of number plates that organizations have developed on the market in many group...
Copyright registration: permits you to search for legal compensation in court
Published by Copyrightuk on December 9th 2011 | Business
Copyright registration allows defense to all classes of copyrightable work like artwork, journalism,...
About the registration of companies in Beijing
Published by Barker Hicks on April 28th 2012 | Business
Beijing Company registration is not an easy task especially for potential foreign investors. As a fo...
The Business opportunities you Overlooked in the event you Do not Use Virtual Directory
Published by John Ozoa on March 15th 2012 | Business
If you will not be making use of but a virtual directory, then your organization or company is missi...
Company registration and formation services
Published by Amber Dorsch on February 24th 2012 | Business
Every country has their own set of rules and regulation for the formation of the company and also fo...
Jordans Limited can facilitate all your business registration requirements
Published by Julia Roger on December 6th 2011 | Business
Jordans Business registration couldn’t be simpler. All of the company formations that we manage ar...
Should you ask for ticket holder names on your online registration forms?
Published by Jim Romanik on December 23rd 2011 | Business
If your goal is to sell as many tickets as possible and you want people to buy multiple tickets at a...
Thank your guest for being a part of your special event with wedding favours
Published by Chaircoverdepot on July 17th 2012 | Business
Wedding favour is a little ornament, memento or edible treat that is given to the guest who have bee...
With HBO’s press event for the Television Critics Association Winter 2011
Published by Xiaojuan on November 29th 2011 | Business
As to the coverage of the panel, both myself and Fire And Blood will be in attendance. I plan to liv...
What are the Legal Requirements of Singapore company registration?
Published by Andrews Thomas on January 25th 2012 | Business
There are some easy requirements that the business owners should meet for Singapore company registra...
Easy steps for Trademark registration in Saudi Arabia
Published by JCA Trademark on December 15th 2011 | Business
JCG trademark providesTrademark Registration in Morocco. Now, register your business today and becom...
A good Keynote Speaker should be able to set the tone for the whole event.
Published by Mary Porter on July 13th 2012 | Business
The role of a keynote speaker is to set off the proceedings onto the course that it was intended to ...
Plan your next event with Specialist or Event Organizers
Published by Jane Cyrus on February 10th 2012 | Business
Event Planners plays major role in organizing an event as they have perfect plan and resources which...
Boost-up the appeal of your event easily with audio visual equipment
Published by Oliver Margarson on January 12th 2012 | Business
The article mentioned above discusses about the importance of audio visual equipment. It also inform...
Do you need Event Staffing services to help with a large scale event?
Published by Mary Porter on June 18th 2012 | Business
Anyone who has ever put on a large event, celebration, product launch or gathering will know that ha...
Party supplies – an add-on utility factor to every event
Published by Alan Egan on January 12th 2012 | Business
This article will inform the readers about the concept of party supplies. It also highlights how hel...
Folding marquees for a special event
Published by Glyn Jones on July 24th 2012 | Business
The ceremony of the wedding is a special occasion and sometimes this being a very expensive occasion...