Prepaid Phonecard Account Merchant Accounts
The continued influx of foreign residents and visitors has signaled a boom in companies offering cut-price overseas phone calls. As people shun their regular telecom providers in order to call friends and relations back home, these companies are more than happy to snap up their business. Bulk buying of airtime between various overseas territories allows discounts of up to 85% to be applied to calls, making them a worthwhile option for those wishing to make overseas calls. Many providers of merchant accounts will allow for the sale of prepaid phonecard accounts.
There are many reasons that people keep coming back to these prepaid phonecards – price being a main selling point – but there are many other features that keep customers interested. Subscribers to these services will benefit from paying no monthly fees or maintenance charges as the only thing paid for from the credit applied to the account is the calls made. Other features provided by such companies include the ability to use a landline, mobile phone, pay phone, or even the internet via a Voice over Internet Protocol (VoIP) to make the calls, which are all charged at the same rate. Some providers also allow for massive conference calls – including up to 50 different callers – which can be connected with no loss of quality. The benefits for personal or business usage for this feature are many, although it may be a struggle for all 50 people to be heard at once!
Prepaid mobile phone operators will require merchant accounts in order to service their business needs. When considering the offer of your businesses merchant account, one major factor must be the addition of online services. In order to compete in the 21st century world of e-commerce and internet shopping, the ability to sell your wares online is vital. This is equally true when talking about prepaid mobile phone accounts. Estimates on how much this can affect your business vary wildly from an increase of 50% to an astonishing 400%, but this would vary on a number of factors, not least the capacity of your business to achieve such rapid growth. In an industry where the customer will not necessarily be buying a physical product, the limitation will be based on the amount of call time that the business can buy wholesale.
When your merchant account has the ability to take card payments online your business will receive many benefits including quicker and safer processing. Online processing is also more cost effective than paying an operator to carry out phone based processing, especially if your business receives high levels of sales. Many merchant accounts include extra safety devices that decrease the risk of fraudulent transaction, reducing the risk to your business. The cash will be deposited into your account rapidly and any problems with the process should be dealt with by the credit card processor.