Accept Credit Card Small Business  
Simple. Mobile. Affordable.
home :: account details :: tutorial :: testimonials :: faq :: affiliates :: why we started :: what we believe :: sign up now  

"Different Types of Merchant Accounts - So Which Type Best Fits Your Business?"

Discover the real differences between the various merchant accounts and payment processing services - and make the best decision in regards to setting up your business for maximum profitability...

Sign Up Now

Account Details
Sign Up Now >>


Tutorial / Demo
Why We Started
Contact Us
Affiliate Program


"Accept by Phone is one of those ideas that works just like it sounds. You can process payments from a client quickly by dialing a toll-free number, entering your client's credit card number through an automated system, and then authorizing and processing the payment, all in a few seconds...

Dennis Kennedy


"Accept by phone was an excellent way for our new business to begin accepting credit cards, without the need for complicated contracts and expensive equipment..."

Eric M. Jukes
Capital Region Limousine


More Testimonials

Sign Up Now >>

Merchant accounts are becoming more and more technologically advanced as time progresses. The way that we now accept money has taken a complete u-turn from the days of exchanging gold coins for certain items or services. Even your hard-earned cash is taking a back seat to plastic money popularly known as credit cards.

If you are in a developed country, your credit report can either make or break your financial future. In other words, more people and businesses are dependent on plastic money instead of hard cash. If you are a business owner, you will not make it without the services of a payment processing company, or what's called a "merchant account". Depending on the type of your business, a merchant account will be handy in accepting your customer’s credit card payment, either electronically or physically. Without a merchant account, your business will be handicapped in a technologically advanced generation. We will discuss different types of merchant accounts and how they might be the right kind for your particular business.

A merchant account is basically an account with a bank or a payment processing company that allows your business to accept credit cards through different platforms (electronic checks or credit cards) of transaction. Whether you have an online business (e-commerce), a physical store, telephone-based business etc, and a merchant account will enable your business to accept payment from a customer who might happen to be on the other side of the world. With the revolution of Globalization, it is imminent that your business is equipped with a service that will accept payments from across the world. There are four different types of merchant accounts that function differently based on the category of business. Let us further elaborate on them...

1. Traditional Account with equipment - This is for the retail businesses (grocery, departmental stores etc) doing a large volume of sales per day. This account features low discount rates and higher monthly/program fees. For example, you've undoubtedly seen a swipe card machine for credit card payment at a local grocery store.

2. MOTO (Mail or Telephone order) - This enables phone based or direct mail orders processing for customers who can buy your product or service from the comfort of their home. It usually has a higher discount rate but with lower fees and there is no need for equipment.

3. Internet based merchant account (Ecommerce/Website order processing) - This merchant account is in high demand these days with the number of websites doing business is on the rise. The retailers or vendors can use this merchant account for selling their products on the Internet. This merchant account has a medium discount rate and a medium to high monthly fees.

4. Mobile or Wireless merchant account - This merchant is specifically designed for small businesses, solo professionals, and mobile services (including lawyers, landscapers, contractors, consultants, repair tradesmen, etc), who are constantly on the move and require a payment to processed on the spot. It has higher discount rates and a low monthly fee.

A particular business can have more than one type of merchant account. If you own a large business with a multitude of service platforms, all the above-mentioned merchant accounts can be of great service for a customer friendly service to your customers. The biggest differences between these merchant accounts are the monthly fees and the discount rates. Depending on the nature of your business, you will have different guidelines for the credit card transactions. The fees and discount rates are applicable as per the business model because the credit card risk department will evaluate the payment risks associated with the type of transaction.

Traditional Swipe account also known as "retail merchant account" has the least amount of restrictions and a minimum transaction fees. Retail accounts are usually a physical storeowner with the transaction-taking place with the presence of a credit card. This physical transaction minimizes the risk of theft compared to other virtual accounts. MOTO merchant accounts possess a higher amount of risk as the transactions are taking place in a virtual manner. In other words, the person using the credit card is not visible to confirm the ownership of the credit card. Hence, MOTO merchant accounts have a higher transaction fees compared to the retail account. Similar to MOTO merchant account, an Internet based merchant account is also exposed to a lot of risk in terms of credit card thefts and frauds. The "Hackers" on the Internet have already caused a lot of headache for companies using this type of merchant account. It does not take much for these hackers to use a credit card that actually belongs to someone else. As a result, Internet based merchant account has a higher rate of transaction fees.

It is really not that difficult to make use of these merchant account services. Try to spend some time on researching different companies to best fulfill your business needs. Remember, to carefully read the terms and conditions of the merchant account provider before registering an account.

Find out more about boosting your profits by accepting credit cards on the spot with ANY phone >>


With Accept by Phone, swiped transactions are only 2.69% (keyed transactions are 3.49% and $0.19 per transaction).

No signup fees, no monthly fees, no PCI fee, no monthly minimum, and no cancellation fee.

See Accept by Phone's Account Details Here >>


Compare Accept-by-Phone to other services in Account Details

Find out More about how Accept-By-Phone works in the Tutorial Section

Contact us Here, or call 1-877-529-1390

Sign Up Now

Join Our Newsletter and receive a free report about how to save boatloads of money by understanding how the merchant industry really works...

Sign up Now and Discover:

8 Crucial Things You Should Know about When it Comes to Reading the "Fine Print"...

Why (and How) Most Merchants Over-Spend on Features That They Really Don't Need (or Use)...

First Name:
Valid Email:

We Respect Your Privacy. Your contact info will be kept private, and we will never share, sell or rent your info to anyone. You can unsubscribe easily, at any time. This is an regulated announcement list.

Just Added: Merchants can now view an up-to-date statement of their Accept by Phone transactions by logging into a secure, online merchant control panel once their merchant account has been set up. Click for more account details...

Merchant Services
SecurityMetrics Credit Card Safe

Accept by Phone, Inc © 2005-2012. The Ultimate Small Business Merchant Account. Mobile Credit Card Processing. Phone Credit Card Processing. Wireless Credit Card Processing.