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What would you do if you were sent an email from your online credit card processor telling you that your account has been suspended or frozen? How are you going to pay the bills in the meantime? It is extremely important for you to familiarize yourself with the terms of your contract with your credit card processor. As long as you comply with their set regulation and guidelines to maintain your account in good standing you should have no problems.

However, if for some reason you were faced with your account being suspended you need to know:

With a third party merchant account you will have a dedicated 24/7 support team to handle your credit card payment on your behalf as part of your package. You will also need to provide your own support for issues relating directly to your product.

It is good practice to draw up a Frequently Asked Questions (FAQ) page to list answers to common questions. Provide a link to your FAQ page on your “Thank You Page” and all your support emails for your customer’s convenience. By doing so you will help to substantially reduce the number of duplicate question you will have to answer by email.

Being able to accept credit cards and other online payments is crucial to the success of your business and profits. Your customers are more likely to buy from you if you offer them a secure and convenient way to order goods and services online at your site.

This is more preferable than relying solely on printing out an order form and sending you a check in the mail. This takes time and will put off those customers who are in a hurry and want to finalize their order right away.

If you have been wrestling with the idea of applying for your own 3rd party merchant account then take a look at the following compelling benefits of using a 3rd party provider to mange all of your credit card processing needs.

1. The most inexpensive way to accept credit cards with hassle free, quick application process and set up.

2. New start-up businesses, sole traders and home-based businesses individuals are very welcome.

3. Incredibly low fee structure considering there are no application fees, leases, no monthly fees, no statement fees and no extra charges for software.