Merchant Account Reviews

PayPal Merchant Services

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PayPal is an online banking service that allows customers to send and receive money. The company also offers a PayPal MasterCard that allows you to spend your online earnings locally, or withdraw money from an ATM or at a point of sale register. The company is currently the leading online banking service in the United States,, and is used on many online auction sites and by thousands of online retailers as a payment option. PayPal also offers mobile services, including the ability to pay for products purchased online through the PayPal mobile website and the ability to check your balance with your mobile phone. PayPal merchant services include the ability to add “buy it now” and “checkout” buttons that link to PayPal on your business website. (more…)

What are Chargebacks?

‘Chargeback‘ is a financial term, referring to the process of returning funds to a consumer, reversing an outgoing transfer from their credit or debit card – effectively, a refund. They usually relate to transactions which are suspected to be fraudulent or unfair: if a consumer purchases goods or services using a credit or debit card and the seller fails to comply with the terms specified, the consumer may request one from their credit or debit card issuer.

Chargebacks and Merchant Accounts

Many businesses and retailers choose to set up a merchant account with an online merchant account service, which enables them to accept credit and debit card payments for online transactions. All major credit cards can be used. Liability for chargebacks falls upon the credit card issuer, which means that all merchant service providers are closely examined to ensure that they will not carry out fraudulent activity, which would be potentially costly. Merchant account service providers are expected to respond promptly to requests for chargebacks. (more…)