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I have a merchant account already setup for another venture I was involved in. After the end of this year I will no longer need it for that venture as the business will be closing.

Since it's already setup and pretty cheap ($7.50 per month), I was considering keeping it and using to accept credit card orders for future builds. What has your experience been with buyers paying via a credit card, i.e. is it worth it for me to keep the account?

Thanks,

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Ric Hollander
Kings Park, NY
http://www.hollanderguitars.com

Hi Rick,
It's probably a good idea to keep it open.
I have friend that buys a lot of guitars (that he can't afford)-he puts them on his credit card.
You can always close it at a later date.
It is a convienence for a lot of people.

I do fine With PayPal To me it is just less hassle

Thanks for the info. I checked with Paypal and their annual fee for an account that will allow me to accept credit card transactions via phone would be $30 a month. I'm only paying $7.50 a month for the full merchant account I have now so I'm better of sticking with that.

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Ric Hollander
Kings Park, NY
http://www.hollanderguitars.com

that is dirt cheap for having a merchant account. I'm sure they get a percentage of each sale also... I would most definitely keep the merchant account if that is all it is costing you...

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Reguards,

Ken H

At that price I would certainly keep it open. I'm paying almost three times
that much, though when I shopped around I took it because the package had
a lower percentage rate that ended up making it a better deal.

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Eschew obfuscation, espouse elucidation.