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Third party merchant accounts by instabill

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A third-party merchant account provider, like Instabill, is a business entity that accepts credit and debit card payments on behalf of another business entity.

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  • 1. Third-Party Merchant AccountsBy Instabill

2. Third-Party Merchant Accounts A third-party merchant account provider, likeInstabill, is a business entity that accepts creditand debit card payments on behalf of anotherbusiness entity. 3. Third-Party Merchant Accounts Such a scenario is extremely beneficial, andsometimes crucial, when starting and operatingan online or small entrepreneurial business. Whilemost big corporations easily can obtain their ownmerchant accounts, some businesses do notqualify for processing services from traditionalbankers and merchant-account providers. Third-party processors give these businesses anotherchance. 4. Third-Party Merchant Accounts When customers visit an online store provided bya business that uses a third-party processor, theymay browse the site until they are ready to order.At that point, the website redirects the customersto the account provider. Many, like Instabill, giveclients the ability to customize the order form,creating a seamless transition apart from thechange in URL. 5. Third-Party Merchant Accounts The setup and application costs for this type ofoperation are low, especially when compared tohaving an independent merchant account. Theprocedure is easy and e-commerce can beginquickly. Fraud protection software is included.The drawbacks are few, but transaction feescould be higher than with a traditional processor,and the customers credit card statements bearthe name of the third party.