It is difficult to complete an e-commerce project without being able to make credit card transactions. Credit card processing involves many things, such as checking the consumer’s credit card number, expiration dates and other credit card information.
If you’re new to business, free credit card processing is ideal for you. Unlike regular credit card processing, you don’t have to pay for expensive credit card processing software, customer service fees, a secure server, a minimum transaction fee, and a monthly gateway fee when you use free credit card processing.
Most free credit card processors charge only a nominal amount for a transaction or monthly interest. Thus, free treatment allows you to save a significant amount of money every month. However, this will not work if trading accounts are involved. Regular credit card processing includes payment of statement fees, minimum fees, discounts and licensing fees in addition to starting fees.
If you choose to process your credit cards for free, it’s a good idea to visit a credit card processing company to find out what types of transactions are typically performed when processing credit cards. Third-party credit card processors can be a good resource for those looking for a cheaper way to take credit cards online. They usually offer free credit card processing services. Their trading account does not charge for many transactions, including business by phone, fax, retail, mail, Internet or wireless.
Many free credit card processors do not require the creation of a seller’s own account. Today, many online companies take advantage of free credit card processing. These include CCBill, iBill, V-Share and ShareIt.