Merchant Accounts for Online Electronic Stores

Retailers are losing out on electronics. More and more online vendors are increasing in sales. Many retail locations are becoming glorified pick-up locations for customers avoiding shipping fees. As electronic sales go online the need for electronic payment processing becomes equally important for small businesses.

Most online electronic stores have a very high average ticket (average transaction size). The higher the average ticket, the higher the risk for the merchant account provider. Additionally, electronics businesses are often the target of fraudulent transactions and experience high chargeback rates. Chargebacks are a serious issue in the payment processing industry and credit card processing companies often base approvals on the risk of chargebacks.