Advice to Would-Be E-Commerce Merchants - Plan Your Success!

The keyword is online. If you stop and think about it, doing business online and the brick and click way are kinda different. But if you look closer, the similarity of doing business between the two can be astonishing! The only difference may lie from the fact that online business people would have to deal with more computer technology than they can ever think of. In reality though, the most effective online entrepreneurs hardly spend more than 4 hours in front of the computer!

What makes a successful online businessman then? I hear various opinions from everyone. One, you should find multiple streams of income. Two, you should bank on your talent and persistence as your capital. Three, like learning how to swim, everything is about technique, technique, technique! Which would you rather believe? I'd say all of these work in conjunction with one another. But without a plan or goal, success in doing business online isn't as easy as it seems!

Sure, you get a domain. You design your website. You have infrastructure built such as shopping cart, payment gateway, third party credit card processor. You may even apply for a merchant account with a high risk merchant account provider. You employ SEO tactics and other forms of online advertising. You provide good customer service and ship goods efficiently. But what's your next move?

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Advice to Would-Be E-Commerce Merchants: Plan Your Success!

How to Keep Your High Volume Credit Card Processing Account

Obtaining a merchant account for high volume credit card processing is nothing new. A lot of merchants find themselves compelled to apply for one as soon as their businesses boom. Before they know it, they are already transacting payments that began from $10,000 on monthly volume up to several million dollars. Most of them may have applied for offshore merchant accounts, too, depending on the nature of their businesses. Of course not all high volume businesses are considered high risk. The very reason why they eventually get translated into high risk is when they begin accepting higher than normal transactions and possibly encountering chargebacks and customer complaints.

WHY SHOULD YOU GET A HIGH VOLUME MERCHANT ACCOUNT?

Lower rates. Is this possible? Sure. Many high volume merchants would tell you that the best reason why they are out to avail of high volume credit card processing is the fact that they can get lower discount rates and fees. But wouldn't this be a little unprofitable on the part of the merchant account provider? Not really. Simple math will reveal that the sheer volume itself will make up for the lowered discount rates so both the merchant and the provider win.

HOW IMPORTANT IS MAINTENANCE?

HOW DO YOU MAINTAIN YOUR HIGH VOLUME MERCHANT ACCOUNT?

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High Volume Credit Card Processing - Keep it, Don't Lose it!

Best Tips to Avoid Frozen Accounts with Your High Risk Merchant Account Provider

In the world of online sales, there are a lot of things written on the page but are left unread between the lines. In other words, you go about selling your products and services but there are lots of things high risk merchant account providers don't tell you. Not because they could not or would not, but because they would not discuss the issues with you until you have experienced them. A good example is going through possible freezing of your merchant account.

If, as a high risk merchant, you have not exerted an effort to make a research concerning frozen accounts, then you're in BIG trouble. I'll keep it short. Once your merchant account is frozen, your present and future business is put under horrible risk. First, because you will lose the ability to process credit cards online. Second, you will be denied merchant account if you applied for another one. You certainly cannot allow this to happen and it will never if you are smart enough to take preventive measures.

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Best Tips to Avoid Frozen Accounts with Your High Risk Merchant Account Provider

Frozen merchant accounts are horrible for your business. Now is the time you find out the issues with your high risk merchant account provider before your business goes down the drain!