“How to take Online Payments”

The goal is make money online with no work and have cash appear in your bank account. Right? So how do you get this online money into your bank account? Many people don’t really know how this works. We’re going to explain exactly how it works so you can set it up for your business.

You need to have the following:
1. A bank account. That is where your money will be deposited.
2. A merchant account.
3. A shopping cart. The purpose of the shopping cart is to make the order forms and keep up with the orders. It gives the orders to the Internet gateway and runs the credit cards. Then the shopping cart goes to the merchant account and pays you.
A great shopping cart program is Kickstart Cart.

The internet gateway to use is Authorize.net. This makes the shopping cart talk to your merchant account.

Let’s look more at the merchant account. Be careful about which program you choose because most of them are really bad. It is important to know that merchant accounts ONLY deal with Visa and MasterCard. If you want to accept American Express and Discover then you have to go to each credit card company directly.

Why can’t I just get a merchant account through my bank? The answer is that banks view online payments as high risk.

Why is it important to pick the best merchant account company? Read about my experiences with merchant account companies to show you why. I have 5-7 merchant accounts. The first merchant account I had cost $1,000 to set up and I am stuck in a 5 year contract with them. Plus, if you earn a lot more than you expect, it can be frozen by the merchant account. The merchant account companies are not designed to protect you; they are designed to protect themselves. So if you earn more in the first week than you expected for a year then they view you as a potential fraud. So they can freeze your money while they investigate or for a period of 6 months.

The second merchant account I got was like filling out a mortgage application. I felt like I was signing my life away. They held 50% of my money for 6 months which was terrible.

The third merchant account I went to charged me 15% for Internet transactions. They also held another 10% each month and said they would give it back to me after 6 months. I have not seen that money yet.

The fourth merchant account I went with put a hold on my account and has $40,000 worth of my money because I maxed out my limit and they think that I was fraudulent, but I’m not.

So I was looking for a merchant account that accepts a huge amount of orders and has an unlimited amount of money that can be run through it. I found a merchant account that fit this bill. What is this special merchant account that I love? It is Powerpay.

****NOT Sure if this should be in the article.*****
I’ve made a deal with the Powerpay people that will let you get Authorize.net and a merchant account for free. You can get them for free as long as you don’t have any bank problems or fraud. If you have any concerns contact me directly.

Plus, they will setup American Express and Discover for you. You don’t have to call these credit card companies.

www.powerfulpromoter.com/onlinepayments.html

Warmest regards,

Matt Bacak

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