How to Process Credit Cards From Home

Accept credit cards

Running a home business has many similarities to running a brick and mortar business. Increasingly, home businesses are recognized as viable options for the business owner, and accepting credit cards at home is now an available option. Having the ability to accept credit cards from home can increase your sales and increase revenue. The ability to process credit cards begins with a merchant account.

Things You'll Need

• Internet
• Business information
• Banking information

Instructions

1. Determine the type of credit card processing your business will require. For a home business you can have Quick Books processing, computer processing, phone processing and even wireless processing for companies that also do business outside the home.

2. Perform an Internet search on merchant accounts. You should find a company that has been in business for a few years and offers credit card processing for the Internet and/or wireless use. Take note of their fees and application process.

3. Find a merchant account company that meets your requirements, and has fees that sound reasonable to you, and complete their application process. You will need to provide your business and banking information.

4. Order any necessary equipment or software after you have been approved. Install software if needed and begin to accept credit cards.

5. Closely monitor all incoming merchant account transfers. Verify the merchant is sending the correct dollar amount and that the appropriate fees are being withheld.

Tips & Warnings

• You can also check your local bank to see if they offer a merchant account but local banks will have higher fees and possibly less to offer.

• Read all the small print on the terms and conditions.

References

• businessknowhow.com:merchant
• Authorize.net

Resources

• Credit Card Processing Types/Merchants