Starting an Online Business that Accepts Credit Cards: Checklist

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Starting an online business that accepts credit cards from customers is a difficult task without guidance of the steps to take. It is also a fact that being able to take many forms of payment online helps increase sales to your business.

This checklist should be able to help you obtain the ability to accept credit cards online. These are guidelines to help you; these steps may not be done in this exact order according your your local business laws and restrictions.

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Starting an Online Business that Accepts Credit Cards: Merchant Account Application (Part 6 of 6)

Starting an online business that accepts credit cards is a huge goal for online merchants. If you want a successful high-risk merchant account application process, then you are going to need to know what to expect from the process. Too many businesses either get denied due to lack of information or lack of follow-through with the application process.

High Risk Solutions is an excellent company to assist you with high-risk merchant account payment gateway access. This article is going to let you know what are the pieces of information you are going to need to greatly increase your chances of a successful application.

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Starting an Online Business that Accepts Credit Cards: Build Online Presence (Part 5 of 6)

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Starting an online business that accepts credit cards requires that extra attention be paid to how that are viewed and secured on the Internet. Companies must build online presence carefully in order to escape the pitfalls of accidentally exposing your website to hacks.

The loss of customer data from your online store is something to be avoided at all costs.

At the same time, your business needs to be online in order to collect sales 24/7. The best kind of online merchant is one that is able to take multiple forms of payment while maintaining a decent track record of customer service.

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Starting an Online Business that Accepts Credit Cards: Building Effective Teams (Part 4 of 6)

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Starting an online business requires building an effective team. Building effective teams is the secret of success when it comes to creating a small and thriving business.

Too many individuals start building a business solo, and they end up finding out the hard way that comprehensive strategic partnership is how an online business becomes successful.

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Starting an Online Business That Accepts Credit Cards: Operational Planning (Part 3 of 6)

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Starting an online business where you can accept credit cards from your customers requires planning – specifically operational planning. Too many companies try to rely on strategies to carry them through their business cycles. In reality, strategies are not specific as operational planning.

For example, a strategy might be that you are going to organize your office by clearing off clutter from your desk, discarding old files, and vacuuming the floor. That is a great strategy; however, operational planning requires you to make sure that you have a working vacuum capable of doing the job, places to put your newly organized desktop, and a system for maintaining files to reduce clutter in the future.

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Starting an Online Business that Accepts Credit Cards: Niche Metrics (Part 2 of 6)

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When starting an online business that is going to take credit cards from customers, you are going to need to know the key metrics of your business. It is very important to show financial institutions that you are going to be keeping data about the business operations.

This helps both your business and the financial institution in these ways:

  • There has been thought put into the details of your niche metrics.
  • You are keeping data to keep track of the progress of each area of your business.
  • You will be able to take the data and follow trends in order to take advantage of opportunities.
  • You will be able to explain you business in a visual way with statistical graphs.

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Starting an Online Business that Accepts Credit Cards: Source of Income (Part 1 of 6)

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Starting an online business is one of the best ways to conduct business. A real advantage of doing business online is that your “store” is open 24/7 to any customers that know about it.

Online businesses are more successful if they accept credit cards. The goal is to find a merchant provider that will provide you with a payment gateway to take care of credit card transactions.

This article will take you from the idea of starting an online business through applying for a merchant account. It may be helpful to you to read the whole article to pick up on things you may have missed while building your business.

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What Is a Good Business Credit Score?

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A good business credit score can be just as important as a good personal credit score. There are a lot of misconceptions about what a good business credit score entails. For the past two weeks, we have been posting articles about the different types of business credit scores you should be paying attention to.

At a minimum, you should be checking all of your business scores once per year. When you receive your credit reports, go through the data very carefully to see if there are any errors.

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What Is a DUNS Number?

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What is a DUNS number exactly? The definition of DUNS is a “data universal numbering system” that is managed by Dun and Bradstreet (D&B). It is a unique nine-digit number that is specific for each business. Even though there are over 250 million entries, there are more numbers to go around.

The DUNS number format includes dashes to make it easier to read. It can have an extra 4 alphanumeric digits attached to the end for customer convenience that has no bearing on your business credit report. It is like a social security number for businesses.

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