Merchant Services

Merchant account  is the basic necessity for the businessman and apart from that a smooth payment gateway.    Both have an equivalent ratio for the smooth and balanced working of the business. Merchant Account A type of account that allows accepting online payment from the customers through many ways under legal wings of the  payment service provider. Merchant The account is created under the mutual agreement between a merchant and merchant’s acquiring a bank, so to further proceed with future online payment. Meaning Of  Payment Gateway A payment gateway is a software program that works behind the scene. It is basically a process that enables the flow of the payment securely. It’s a secure way to transfer your customer’s money safely into your merchant account. It’s really very important to have a payment gateway for the following reasons: • It creates a trustworthy aura between you and your customers. • It maintains a good graph...

Visa’s International Service Assessment Fees is one of many assessment fees that Visa charges to assess the increased risks of foreign transactions. The ISA fee only applies when the US-based businesses accept a Visa card issued by a non-US bank. ISA (International Service Assessment) The ISA fee applies to all the transactions involving US-based business and a foreign card issuer. Current Visa’s ISA fee is 0.80%. It is a merged fee of the standard assessment fee (0.13%) and the international acquirer fee (0.45%). The Transaction would incur 1.38% in assessment fees. This amount is in addition to the costs of interchange and the processor’s markup. Most businesses want to pay as less as possible for  credit card processing , but let’s get this straight that most of the people usually are not aware if they are getting competitive markup or not. If you want to cut down the costs on the credit card processing, you’ll have to make sure you get competitive markup if no...