Non-US business owner? Selling to Americans? Trouble with payment processing? All your questions, answered here.
On this episode of Uncensored Direct Marketing, I'll walk you through three options for getting local payment processing for your business. We’ll also take an in-depth look at the differences between payment aggregators and merchant accounts, as well as when it makes sense to use Stripe.
So first things first, let’s talk about what exactly a payment aggregator is and how it differs from a merchant account. A payment aggregator is like a middleman that processes payments on behalf of businesses that don’t have their own merchant accounts. With a merchant account, your transactions are processed directly so they're more secure and reliable overall.
Stripe is one of the most popular payment aggregators in the world. Contrary to popular belief, it is NOT a merchant account provider. You do not get your own merchant account when you sign up for Stripe or PayPal or BrainTree or any aggregator. That's why it's so fast to sign up. But be careful, many Stripe users get their accounts terminated and funds frozen.
Instead, listen for our 3 options to get real payment processing--especially if you run a high-risk business like supplements or dropshipping.
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Connect with Maria:
Maria Sparagis Website: http://mariasparagis.com
DirectPayNet Website: https://directpaynet.com
LinkedIn: https://www.linkedin.com/in/mariasparagis/
Facebook: https://www.facebook.com/mariasparagis.directpaynet
Instagram: https://www.instagram.com/directpaynet_paymentsolutions/
Twitter: https://twitter.com/directpaynet
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