Most Internet marketers know all too well the trouble that can be caused by misunderstanding the business terms of their merchant account provider. Everything from exorbitant fees to frozen finances await the online marketer who fails to provide for potential problems. There are ways to avoid merchant account disasters, but by and large online marketers are learning that establishing their own independent merchant accounts can bring a wealth of benefits.
Most companies that offer merchant accounts dont understand our business, says Armand Morin, an online marketer and entrepreneur who has made $15 million on the web. They dont understand growth. Theyre nervous about bringing in that much money at once. You need to be working with a company that can help you set up your own account a company that understands the needs of an online marketer who can bring in tens of thousands of dollars in less than a week.
When you have your own merchant account you wont be paying a transaction fee to anyone else. This can save you 8% or more thats 8% pure extra profit. It may seem like an insignificant amount, but remember, 8% of one million dollars is an extra $80,000. ...
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