{"id":2700,"date":"2015-10-12T14:13:37","date_gmt":"2015-10-12T18:13:37","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=2700"},"modified":"2015-10-12T14:18:33","modified_gmt":"2015-10-12T18:18:33","slug":"how-to-set-up-a-merchant-account","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/how-to-set-up-a-merchant-account\/","title":{"rendered":"How to SetUp A Merchant Account"},"content":{"rendered":"<p><strong>Setting up a merchant account. <\/strong><\/p>\n<ul>\n<li>First find a Merchant Service Provider.<\/li>\n<li>Then setup your Business Profile.<\/li>\n<\/ul>\n<p>Put together your business profile so you can start applying for a merchant account. There are questions that you\u2019ll need to answer, that way merchant account providers have an idea of how they should setup your account.<\/p>\n<p><strong>Some of the questions are:<\/strong><\/p>\n<ul>\n<li><strong><em>Is your business seasonal?\u00a0<\/em><\/strong>For Travel Company it is seasonal, there will be high and low volume.\u00a0NTC works with \u00a0seasonal downtime.<\/li>\n<li><strong><em>How do you intend to accept payments?\u00a0<\/em><\/strong><span style=\"line-height: 1.42857;\">Different business models require different methods of accepting payments.\u00a0<\/span>If you\u2019re doing face to face transaction and have physical location then you need a credit card terminal.\u00a0If you process checks, then you need Electronic Check and ACH Transfers.\u00a0For e-Commerce shopping carts, wireless\/mobile, you can check out our Converge Virtual Merchant and NTC e-Pay.<\/li>\n<li><strong><em>How much volume do you plan on processing?\u00a0<\/em><\/strong>Merchant account providers are going to want to know how much sales volume you plan on processing per month.\u00a0<strong>New in the business &#8211; <\/strong>give just an estimate average of how much you\u2019ll be processing (per month), within the first 6-months of operation.\u00a0<strong>Been in the business &#8211;<\/strong> you\u2019ll already have this number ready.<\/li>\n<li><strong><em>What will be your average ticket price?<\/em><\/strong><\/li>\n<\/ul>\n<p><strong>Example:<\/strong><\/p>\n<p>Total Sales Revenue = $150,000<br \/>\nTotal Number of Sales = 500 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 150,000\/500 = $300 (Average Ticket Price)<\/p>\n<p><strong>If you need to setup an account give us a call now at 888-996-2273 or go to <a href=\"http:\/\/www.nationaltransaction.com\">www.nationaltransaction.com<\/a> to know more about our services. \u00a0\u00a0\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Setting up a merchant account. First find a Merchant Service Provider. Then setup your Business Profile. Put together your business<\/p>\n<div id=\"more-button\"><a class=\"btn btn-more excerpt-more\" href=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/how-to-set-up-a-merchant-account\/\">Continue Reading<\/a><\/div>\n","protected":false},"author":2,"featured_media":2368,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,264],"tags":[426,2839,2461,7,2807,25,482,2850,49,2849,1032],"class_list":["post-2700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-practices-for-merchants","category-e-commerce-m-commerce","tag-ach","tag-converge","tag-credit-card-terminal","tag-e-commerce","tag-electronic-check","tag-merchant-account-2","tag-merchant-service-provider","tag-ntc-e-pay","tag-payments","tag-travel-company","tag-virtual-merchant"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/2700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=2700"}],"version-history":[{"count":3,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/2700\/revisions"}],"predecessor-version":[{"id":2703,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/2700\/revisions\/2703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media\/2368"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=2700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=2700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=2700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}