Merchant Account Blog - Straight Pass Through » mechant account http://www.straightpassthrough.biz Merchant Accounts Made Simple Wed, 17 Mar 2010 23:40:26 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Why You May Need Multiple Merchant Accounts http://www.straightpassthrough.biz/2008/12/12/multiple-merchant-accounts/ http://www.straightpassthrough.biz/2008/12/12/multiple-merchant-accounts/#comments Fri, 12 Dec 2008 15:58:34 +0000 Robb Lejuwaan http://www.straightpassthrough.biz/?p=664 From time to time I review the search terms and phrases that being people to this blog to get ideas for posts. Today one of the first search phrases was “are you allowed to have two merchant accounts?” So here is a quick answer to that question – yes.

We have many clients that have multiple merchant accounts. For example, wineries typically have at least two accounts, one for their tasting room set up as a retail account and the other account for their wine club set up MOTO (mail order telephone order). Occasionally they will have a third account for their website, which is set up as a ecommerce account. We set them up this way because it helps them track distinctive parts of their business and most importantly, it saves them money.

Each type of merchant account (Retail, MOTO, Ecommerce, Restaurant, etc.) has different guidelines and rates. So if you have a retail merchant account setup for your website, your transactions will not meet the guidelines of a retail account, resulting in being downgraded which results in a higher rates. I am not going to into specific examples n the post but if you want to see an example of how this works read this post: What is EIRF?

Bottom line: Yes you can, and sometimes should, have multiple merchant accounts. Also, make sure your account is set up correctly to match the environment your transactions are being accepted in.

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]]> http://www.straightpassthrough.biz/2008/12/12/multiple-merchant-accounts/feed/ 2 A Little Help With PayPal Please http://www.straightpassthrough.biz/2008/12/11/paypal/ http://www.straightpassthrough.biz/2008/12/11/paypal/#comments Fri, 12 Dec 2008 01:45:04 +0000 Robb Lejuwaan http://www.straightpassthrough.biz/?p=654 It seems almost every day I get an email or a tweet asking me if my company, Cocard Synergy, has a better solution for accepting credit cards than PayPal. I have reviewed the fees of PayPal merchants accounts many times but I am always left feeling like I am not receiving the full story from PayPal reports.  So instead of trying to figure out PayPal on my own I am inviting you who have a PayPal account to leave comments below and share your thoughts, praises and complaints about their fees and service.  This way I’ll know for sure if what we have is better than what PayPal offers and so will all the people that ask about it.

So…what do you think of PayPal?  What has your experience been with them?  How about their rates and fees?  Come on, leave a comment blow with your thoughts!

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