Stripe, Inc. is an Irish-American multinational financial services and software as a service company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland.
We provide all types of Business Stripe accounts both new & used accounts all over the globe to our Clients.
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders.
We provide all types of Business & Personal/Individual PayPal accounts both new & used accounts all over the globe to our Clients.
Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
We provide all types of Business & Personal/Individual Payoneer accounts both new & used accounts all over the globe to our Clients.
Wise is a UK-based foreign exchange financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011. Wise specializes in cross-border payment transfer. As of 2023, it offers three main products: Wise Account, Wise Business, and Wise Platform.
TYPES OF MERCHANT ACCOUNTS
Merchant accounts are used to accept credit and debit card payments. When setting up your business, it is important to pay attention to the offers available to you, so you can make sure you get the best deal for your business.
1) Retail Merchant Accounts
If you own a retail store, in at least one or more stationary locations, then a retail merchant account is the right choice for you. These merchant accounts typically have low application and setup* fees. This merchant account type is best for grocery stores and department stores. Though they typically come with lower fees, there are certain requirements that must be met in order to qualify for this type of account. For instance, most processors require at least 70% of store sales to be swiped through the terminal. Because these types of merchant accounts require physical access to the card, the store will need to install at least one, if not more, credit card terminals. These terminals may be free from the provider, depending on the terms of the account. Retail accounts may also be programmed to accept electronic checks and store gift cards.
2) Internet/Ecommerce:
If you sell products or services online, without a physical store location, then an Internet merchant account is the right choice for you. These are special accounts designed specifically for taking payments online. The customer is able to enter his or her own credit card information into the system via an encrypted page, rather than releasing the information over the phone or via mail order. Because service providers don’t make money on terminal equipment, transaction fees are typically higher.
3) Mobile Merchant Accounts:
If your business is on the go, because you’re going to industry shows or driving a food truck, then a wireless mobile merchant account is the right choice for you. This allows you to accept credit card payments using your mobile device. Mobile merchant accounts are similar to the Internet accounts in terms of ease to setup*. The card reader is typically very low-cost, because it does not have to remain in one place, and integrates with a smartphone. The transaction fees and processing rates are a bit higher than traditional accounts because sales volume is typically much lower on a mobile merchant account than a retail account.
4) Telephone Merchant Accounts:
If your business is online, retail, or mobile, and you want to be able to accept payments over the phone, then a telephone account is the right choice for you. Some of the other merchant accounts may offer this as an additional feature built-in to your account, or may offer it for a small additional fee. This is the best option for companies who advertise or do business through infomercials, or through the shop at home networks. The customer’s payment information is entered into a keypad on a terminal, or into software on the company computer system.
5) Mail Order Merchant Accounts:
This allows you to accept credit cards on mail orders. This is the best choice for companies who do most of their sales through catalog. As with the telephone account, the order is generally taken by entering the customer’s credit card information into a keypad on a processing terminal, or through entering the information into software on the company’s computer system. In addition to less expensive equipment compared to a retail account, the processing fees are typically discounted, though individual transaction rates are higher.
Telephone and mail order accounts may be combined, depending on provider. They may be available independently of a traditional retail account, or as additional features available for an additional fee in conjunction with a retail account for establishments with physical brick-and-mortar locations, mail-in catalogs, and a telephone order line.