What is a Merchant Account ?
A merchant account is an account established for a retail or online business in order to accept credit cards from its customers. Until recently, merchant accounts were established specifically for retail businesses with physical storefronts. With credit card payments now being accepted in most business categories, it is strongly advised that you seek out a company that understands the unique functions of all your merchant account needs. Unlike banks, many companies such as Paynet Systems focus solely on providing merchant accounts to both ecommerce merchants and physical storefront businesses. Because our company focuses on one service (merchant accounts), rather than several financial services such as banks. Combined with high-tech payment solutions and customer service that understands the importance of uninterrupted service, chargeback management, and a willingness to go the extra mile, Paynet Systems is an excellent choice for your merchant account needs.

How to Find a Merchant Account for your Business ?
For most businesses, choosing a merchant account is an important decision requiring extensive research and can often times be a tedious process. For other companies with specific needs like high monthly sales volume, or other "high risk" factors, choosing the right merchant account can be the difference between success and failure. Business owners must understand that not all merchant accounts provider are alike, and the merchant account you select for your business will either help you increase sales and contribute to your growth, or as often a poor choice in merchant account providers can bring your business to a halt, the best way to find a suitable merchant account is to first know the inner workings of merchant account providers.

Choosing your Merchant Account Point-of-Sale Options

Real-Time Credit Card Processing - Allows you to accept credit card payments in real-time by combining your merchant accounts and a payment gateway that integrates with your website. For example, when a customer on your website makes an order with their credit card, the order would be sent via a payment gateway to your merchant account bank, hence the payment is processed automatically in real-time.

Virtual Terminal - A Virtual Terminal allows you to manually process credit card transactions in conjunction with your merchant accounts from any computer with an Internet connection in the world. You simply login to a secure website with a login and password and you are able to charge cards, perform authorizations, and even process credits. In addition, you have complete online reporting of all your merchant account transactions and orders.

Retail Virtual Terminal - Retail merchants can process credit cards more quickly and easily with the virtual terminal.  Used with the Magtec card reader, your credit card transactions are securely processed in seconds! Paynet Systems Retail Virtual Terminal supports a wide variety of powerful features, including comprehensive transaction management and reporting features to help you better manage your merchant account needs.

Point-of-Sale Software - With PcCharge software you can accept credit cards for retail/storefront business with the addition of a card reader. Or, without the card reader it is also a popular solution for Mail/Phone Order businesses. PcCharge software can communicated using a phone line or a high-speed connection that communicates directly with you merchant account provider.

Opening a Paynet Systems Merchant account: Paynet Systems thrives on maintaining a mutually beneficial relationship with our clients. Paynet Systems offers professional advice and always treat the Customer the way we would want to be treated were the roles reversed. However, we trust in return we will earn the long-term business. Still, we encourage you to always ask questions, to take a hard look at your merchant accounts options and e-commerce vendors before you sign on with anyone. Move beyond price to evaluate security protocols, reliability of provider, and the degree of customer care you will receive.

If you would like to open a Merchant account with us, please contact us at
1-800-809-1989 or click here for our Online Merchant Account Application.

Credit Card Merchant Service