Free Merchant Accounts

The very fact that you are looking around for a free merchant account indicates that you are running your own business online. You already know how fundamental it is to have a credit card account, in order to send and receive payments through your site. Having an eCommerce merchant account online easily lets you operate with your credit card for all your online transactions.

Now there is great news for people such as yourself. You no more need to purchase expensive eCommerce merchants accounts anymore. There are enough and more free merchant accounts available to you on the Net. With these free internet merchant accounts, you can immediately start selling your products to shopaholics online! Your free online merchant account will act as a 3rd party credit card processor for you, thus helping you immensely with your online business.

Paid vs. free merchant accounts

While there are a lot of big businessmen purchasing their own merchant accounts, a free merchant account will be sufficient for you if you are just building your business. With your free merchant account service, you will be able to save a lot of time and also cut down extra expenses required to set up the various aspects of your eCommerce software. There are many free merchant account terminals that even let you use some of their software, like shopping carts, for free! These sites also offer extensive customer service support as well.

Free credit card merchant accounts

Third party credit card processors are those who accept credit card receipts and payments for other businesses on the Net. They act as any normal credit card processor, collecting and sending payment to the merchant, sending the merchant statements of transactions from time to time and so on. These credit card processors make a profit by charging the merchant a percentage of his transaction amount as their fee.

Free credit card merchant accounts act as the third party credit card processor. In fact, the former are better, since these merchant accounts are totally free of charge till the merchant starts making a profit through sales.

The seller benefits immensely by setting up a free merchant account. He does not have to pay anything for software, server connection, monthly maintenance or other service fees.

Many merchant accounts even waive the initial set up fee for the free merchant account. He also doesn’t have to go through a tedious credit check.

The minute he gets a clearance, he can start selling online. Some free credit card merchant accounts even run affiliate programs on his behalf, so he can earn a profit that way too!

The only disadvantage with merchant account service providers is that the seller has to pay them a slightly higher percentage of his transaction than he would have to, with his own merchant account.

Conclusion

Free instant merchant accounts are a great option, though, if the seller is new to the business and wants to reduce overheads as far as possible. Once he succeeds in his business, he can think of owning his own merchant account. That way, he will have to pay a bigger setup fee, but then he will also earn more profits and cut down on the percentage fee as well.