Whenever people are looking for a payment processing solution, especially one that allows them to accept payments from people online, they are wary of dealing with unknown companies. It is one of the reasons why so many people turn to sites like PayPal, even though they know about PayPal’s reputation for not always being merchant friendly. These online sellers and entrepreneurs feel as if they have no choice. They trust the brand name of a site like PayPal, even if it is not in their best interests to use this site.
So what are some of the alternatives? Sites such as merchantic are a great way to get the same payment processing solution without having to deal with a company that does not have your best interests in their mind. The first thing you will notice is that this site will charge you less money than the competition. You are only charged 1.99% plus a 25 cent fee for each transaction involving a credit or debit card. Most of the competition has fees of around 3%, along with a small fixed fee. So you will save money on each transaction, even if it appears to be an insignificant amount.
What else do you get with this service? You will be able to accept payments with all credit card providers, such as Visa, AmEx, MasterCard, Discover and more. You can even let people pay with their JCB or Diner’s Club cards, which is not always the case with online merchants. The process will only take your users a few minutes. They will fill out their details and the payment itself goes through in a few seconds.
If you are worried about a lengthy application process, you do not have to worry. It takes a mere five minutes to apply and get your authorization from the site. And when you are approved, you can begin requesting payments from people through this site.