Opting for a right merchant account can be a very tough task for the merchants. Knowing which credit card merchant account among thousands of banks, merchant account providers and third party sales teams can be very confusing. You need to make a wise decision whom to select among all such options and who is offering you all kind of incentives and services that suits best to your business. You desperately look for your share from the billions of dolars transacted online every year. Here is guide to find out a right option for your business:

Third Party Payment Processors

This is the easiest way to accept credit cards online. Companies like Paypal and 2Checkout.com allow you to add the golden facility of accepting credit cards. With the help of these processors you are saved to go through the rigorous credit checks or putting down big deposits. These companies include the option of putting a short business name alongside their name of your customers' credit card bill.

In addition, Paypal has no up front setup fee while 2Checkout asks for a one-time $49 USD setup fee. Paypal is also cheaper per transaction. 2Checkout works differently than Paypal does when processing orders.

Invoicing Your Customer

Paypal allows invoicing but doesn't allow you to send a money request to someone without requiring your customer to open a Paypal account. On top of that, most new Paypal accounts are subject to a send limit restricting the amount of money you send. Now in most markets that Paypal operates in this send limit is up to $1000 but it is still a limit.

Because 2Checkout is purchasing the product or service from you, they don't have an account creation requirement that they impose on your customer. They have an invoicing function and as long as you have shown to 2Checkout that you process reliable transactions through their system, the process is hassle free for your customers.

Selecting the Best Options

You can use the both options. You can process the initial transactions through Paypal and regular invoicing through 2Checkout. Also, you can't go wrong with either option if you choose to have only one credit card merchant account.