davidjohn6366
80 posts
Oct 19, 2022
3:47 PM
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Having a merchant account can provide an expanded customer base for small business owners. A merchant account allows business owners to accept credit cards. For small business owners who operate websites for the businesses, a merchant account is almost a necessity to ensure customer activity. Small business owners can set up a merchant account with their bank in only a few steps. Once the account is set up, the small business owner has a few more steps to complete in order to be able to use the account and ensure that all customer transactions are safe.
Supplies Needed:
Merchant account
Instructions:
Step 1: Select the credit cards that you will accept with your merchant account. Bear in mind that the credit card company takes a percentage of each transaction, so read the fine print carefully before agreeing to accept a type of credit card. Some merchants choose to accept only the types of credit cards that patrons use most often (i.e., Visa and MasterCard) to avoid excess fees from cards used less frequently.
Step 2: Add Secure Sockets Layer (SSL) to your website, for completing online transactions with your merchant North American Bancard Agent account. SSL provides encryption to websites so that the customer's credit card information is protected during the transaction. When you sign onto a website and notice that the URL changes from http to https, you are seeing a website with SSL encryption for transaction safety. To add SSL, contact your website provider, your Internet Service Provider (ISP), or VeriSign.
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