When customers shop online at your Yahoo Store, they will expect to be able to pay for their purchases by credit card. Credit card payment is the most secure and convenient way to do business on the internet for both buyer and seller, due to the ability to receive instant transaction approval. Setting up your Yahoo Store to accept credit cards is easy: all you need is an approved merchant account.
When processing credit cards, the transactions go through a payment gateway. This is a third party that does the actual querying of banks to be sure the transaction is approved. For Yahoo Store, the payment gateway is First Data Merchant Services Nashville, commonly called FDMS Nashville. When you are setting up your merchant services account, it must be FDMS Nashville compatible, so that it will work with Yahoo’s payment gateway.
Start setting up your Yahoo Store, and build a product list; that is, put all the items you plan to sell into your store. The rest of the store does not need to be completed for you to set up your merchant services account, but you will need the list of products. Next, choose your FDMS Nashville compatible merchant service account provider, and ask them for an MID/TID pair (your merchant ID and terminal ID numbers). From there you can follow the directions for setting up a merchant account from either the Payment Wizard or the Payment Center at Yahoo Store.
Setting up the merchant services account to process credit card payments at your Yahoo Store is quick and easy. Choosing the right merchant services account is important, too – Yahoo’s only requirement is that it be FMDS Nashville compatible, but there are other options to consider for your business when you select an account provider.
Look for a merchant services account that charges no set up or integration fees, and offers real time processing. Many merchant services accounts take from two to five days to process credit card transactions and deposit the money into your business account. With a next day funding merchant services account, the wait is eliminated and that money available in one day. This is an important consideration in determining how and when you can utilize your profits.
Setting up your Yahoo Store to accept credit card payments is easy: choose an FDMS Nashville compatible merchant services account provider that has other features your business needs, and accept credit cards at your Yahoo Store in no time!
