Information on Opening and Processing of an Internet Merchant Account

July 30, 2015

An Internet merchant account (IMA) is a kind of account which enables the businesses to accept the customer’s debit and credit card payments online directly. Merchant accounts are opened with banks or financial institutions that enable you to accept online payments and help in building strong customer base. The payment gateway in fact, transfers the billing details to the IMA provider. But there are many banks which do not facilitate this facility. The lucrative feature of online sales makes the IMA very essential for any business which operates online. Customers place their orders online by means of a shopping cart and are directed to the easy and convenient payment system where they select and finalize the purchase in the shopping cart.
Setting up an IMA account:
When businesses apply for merchant accounts, they are required to supply the bank with size of average order and average monthly amount which they expect to be running through their account. One should make a conservative estimate. They may be asked to keep a certain amount of percentage in their account to cover up the fraud. If you wish to round-up in order to impress the banker, you will end up paying more in the fixed capital. Hence, you must intimate him whatever you expect to be processing in the initial months of the trade. If by the 6th month, you have surpassed that amount, the banker shall discuss about augmenting your reserves, however you have your account and you have a thriving business.
What is required for setting IMA account?
€ An order form on the site which should be SSL encrypted
€ ISP, WPP or a Hosting company
€ Credential from any organization like VeriSign
€ Payment processing software
Various costs while setting IMA:
Acknowledging the cost of merchant provider might be tricky; however an IMA will have these kinds of costs:
€ Termination fees
€ Up front application fees
€ Discount fees
€ On-going fixed fees
€ Fixed transaction fees and
€ Miscellaneous fees
Credit card processing now through these accounts:
Merchants can also use these accounts to make the virtual credit card payment processing terminal and process the transactions for their customers. The details of the customer transactions are entered by the merchant into the virtual terminal. Merchants, who utilize the shopping carts generally use them in conjunction with systems of payment gateways and many times process the transactions through the virtual terminal if required.
Most of the merchant service providers present the cost details on their sites. The businesses must be capable of offering the customers, the ease of credit card payments comfortably and securely. If your business requires Internet merchant account, be sure that you receive the excellent assistance and support for the need of transaction processing. These accounts should be dependable and secure while processing the transactions of purchase and sales over the internet.

Prescription Drug Addiction in the US

November 30, 2015

Prescription drug abuse and addiction is a severe and growing problem in the United States. Abuse of prescription drugs has surpassed that of cocaine, heroin and methamphetamine, leading to new drug addictions for millions of Americans each year. The most critical problem is that users are generally under the impression that such drugs are “safe” because they are medically approved for use. However, most of these drugs are made from dangerous and addictive substances such as opiates, and even under supervised medical care addiction can occur. But while there may be drug addiction treatment centers readily available in every state, the best defense against prescription drug addiction is a good offense in the form of education.

The demographics of people who abuse and become addicted to prescribed drugs are surprisingly diverse. Affluent people, the very poor, the educated and uneducated, professionals and laborers alike all fall victim to this disease. According to 2004 research by the US Office of National Drug Control Policy, an estimated 20% of adult Americans have abused these drugs at some point in their life. In fact, abuse of painkillers and sedatives is highest among the elderly, who are prescribed more of these drugs than any other age group. Even under a physician’s care it is possible to become addicted to such medications and many elderly may not even realize they have become addicted.

The second largest age group of prescription substance abusers €” and the fastest growing €” is among teens. Prescribed drugs are easy for most teens to obtain and are often marketed under the guise that these drugs are safe alternatives to other drugs such as marijuana, cocaine and heroin. In fact, this popularity of prescription drug use among teens has helped push prescription drugs to become the 2nd most widely abused drugs in the country behind marijuana. Painkiller abuse by teens is especially dangerous considering that the human brain is still developing and can be profoundly and permanently affected by even moderate drug use.

The mental and physical health risks associated with prescription drug addiction are substantial. For example, a 2004 study on deaths caused by poisoning in the United States indicated that nearly all were caused by drugs, and most were specifically related to prescription drug abuse. (According to theantidrug.com, a US-Government-backed website dedicated to eradicating illicit drug use.) This is attributed to the fact that these drugs are highly addictive, cause tolerance and dependence to develop rapidly, and have severe physiological consequences such as heart failure, pulmonary disorders, seizures, stroke, suicidal or homicidal tendencies and psychotic episodes.

Despite the severity of most prescription drug addiction problems, treatment is easy to obtain and can be very effective. Severe problems can be addressed in an inpatient treatment center, while less severe problems or recent relapses can be treated in an outpatient treatment program. While each might have varying levels of treatment, both make use of individual and group therapies as part of a lifelong strategy of Relapse Prevention to address denial management and the treatment of Post Acute Withdrawal Syndrome or PAWS.

Whatever your situation may be and wherever you are, you’ve come to the right place. Use the links below for more information or to call us right now for a free, confidential and no-obligation consultation to see how we can help you or someone you care about fight the disease of prescription drug addiction.

Tips for Finding a Merchant Account That’s Right for Your Business

November 30, 2015

One aspect of internet marketing that many people don’t give enough attention to is the importance of finding a good merchant account. To ensure that you select a merchant account that’s ideal for your business, keep the three factors we’ll be discussing below in mind.

It’s essential that you make it a high priority to find a good merchant account, because if you want to sell products online, you’ll be depending on this to make sure your customer’s payments go through. So don’t be in too much of a hurry to pick a merchant account; do some comparison shopping before making a final choice. You want to select the service that perfectly suits your particular business, and it’s necessary to shop around to determine which one fits the bill. You have to consider the type of website, products and customers you have and find the service that will be right for your situation. Keep in mind all the factors that you’re looking for before committing to one. Look for a merchant account company that will exceed your expectations and give you really good customer service. You definitely do not want to choose a merchant account that will leave you hanging out to dry when you really need their help. If you get a feeling that they don’t really care about their customers or are taking them for granted then it’s better to skip it. You can usually find out about customer service by searching online for reviews and feedback and if what you find is a whole lot of negativity and complaints then you should use that as an excuse to choose a different company. One good way to explore the customer service of a company is to apply for an account and measure their response time. If they’re not giving a good response to their prospects, chances are high that they’d do the same for their customers – which means you need to be careful about who you go with.

Last but not the least; don’t commit to paying large amounts of fees every month. You want to be practical about the fees you pay, so you should pay attention to this factor before signing up.

Be careful about paying a lot for a company that isn’t giving you services that make it worth the cost. Yet you should also stay away from a company that tells you it can deliver everything you need at a price that seems too good to be true. In other words, you want to find a quality merchant account at a reasonable but realistic price.

In conclusion, the ability to accept payments in a hassle free manner is something that’s necessary for your website and business to flourish. Going for the right merchant account for your business is crucial, because in the long run your sales depend on it. Don’t settle for something less; always go for quality when choosing a merchant account, even if that means paying a bit more in fees.