{"id":19,"date":"2005-11-24T14:46:58","date_gmt":"2005-11-24T23:46:58","guid":{"rendered":"http:\/\/yvod.com\/ulan\/?p=19"},"modified":"2005-11-24T14:46:58","modified_gmt":"2005-11-24T23:46:58","slug":"19","status":"publish","type":"post","link":"http:\/\/yvod.com\/ulan\/19\/","title":{"rendered":"Merchant Accounts"},"content":{"rendered":"<p>If you want to accept payment by credit card on your website you will need to either use a separate &#8220;clearing&#8221; company such as paypal.com or set up your own &#8220;online&#8221; merchant account. Even if your business accepts credit cards in your &#8220;brick and mortar&#8221; (tradition offline) store, you still need to get a new &#8220;online&#8221; merchant account.<\/p>\n<h3>Now why is that? <\/h3>\n<p>The simple reason is that most &#8220;brick and mortar&#8221; merchant accounts have a &#8220;card present&#8221; requirement to them. This means that you must actually see the credit card when you charge it. You are not allowed to accept phone orders or process charges for anything where the card is not given to you to hold.<\/p>\n<p>Yes, you can probably get around this by simply not telling your credit card company. Just know that you are doing something illegal and if someone scams you or someone uses an illegal card, you can be held liable. Not a good position to be in.<\/p>\n<h3>What does it take?<\/h3>\n<p>Well, back in the day (5+ years ago) it was rather hard for a new business to get an online merchant account. Even established businesses had to jump through alls orts of hoops. Now? Now it takes a single online form and you hear back in 30 seconds or so if you have been approved. Upon approval you still have to give all sorts of info, but most of it you should have laying around for tax purposes.<\/p>\n<ul>\n<li class=\"instructions\">\n<b>Ruben Benavides<\/b><br \/>\nWells Fargo Merchant Payment Solutions<\/p>\n<p>Toll Free: 877-336-5208<br \/>\nTel: 925-746-3712<br \/>\n<a href=\"mailto:ruben.benavides@wellsfargo.com?subject=YVOD spoke highly of you...\">ruben.benavides@wellsfargo.com<\/a><\/p>\n<p>Ruben goes out of his way to explain everything in clear English and is always there in times of stress. Give him a call.<\/p>\n<p><b>Note:<\/b> There is no requirement to use YVOD has your website host.\n<\/li>\n<\/ul>\n<h3>What does it cost?<\/h3>\n<p><b>Set-up fee<\/b> One-time charge: $100 &#8211; $150<\/p>\n<p><b>Gateway Fee<\/b> Monthly fee: $20-35<br \/>\n<b>Merchant Account Fee<\/b> Monthly fee: $20-35<\/p>\n<p><b>Discount Rate<\/b> Per transaction (VISA\/Mastercard): 2.0% to 3.5%<br \/>\n<b>Transaction Fee<\/b> Per transaction &#8211; $0.20 &#8211; $0.35<br \/>\n<b>Additional Fraud Protection<\/b> Per transaction<\/p>\n<p>Optional Chrages<br \/>\n<b>Statement Fee<\/b> Monthly fee: $5-10<br \/>\n<b>American Express<\/b> Monthly fee of $5 plus per transaction fee: 3.0% &#8211; 4.0%<br \/>\n<b>Discover<\/b> Per transaction fee of $0.10 plus discount rate of 2.0% &#8211; 3.0%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you want to accept payment by credit card on your website you will need to either use a separate &#8220;clearing&#8221; company such as paypal.com or set up your own &#8220;online&#8221; merchant account. Even if your business accepts credit cards in your &#8220;brick and mortar&#8221; (tradition offline) store, you still need to get a new &#8230; <a title=\"Merchant Accounts\" class=\"read-more\" href=\"http:\/\/yvod.com\/ulan\/19\/\" aria-label=\"Read more about Merchant Accounts\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-19","post","type-post","status-publish","format-standard","hentry","category-yvod"],"_links":{"self":[{"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/posts\/19","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/comments?post=19"}],"version-history":[{"count":0,"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/posts\/19\/revisions"}],"wp:attachment":[{"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/media?parent=19"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/categories?post=19"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/yvod.com\/ulan\/wp-json\/wp\/v2\/tags?post=19"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}