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Third
Party Credit Card Processors
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PayPal®
This is
a leading third party credit card payment processor. PayPal was acquired
by eBay a few years ago. Unlike merchant accounts, they do not charge
minimum monthly fees, applications fees, leases, equipment purchases,etc.
There transactions fees are reasonable. However, there primary role
is to process online transactions.
2CHECKOUT.COM
This is a popular online third party credit card payment processor. There is no minimum monthly fee, no application fee, and no lease or contract requirement. There is a small set up fee. More information is available at the link below.
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Merchant
Accounts
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Merchant accounts permit companies to process credit cards at trade shows, from phone and mail orders, at retail outlets, etc. There are also accounts for online purchases. They offer many features from which business owners may choose. Typically there fees are lower than third party processors, but there are minimum monthly charges.