Are you going to set up an online business and an online expense tracking software? Do you know how you're going to receive your funds through fair price quoting? You could do it the old fashioned way i.e. via e-mail that would take too long. Since you want to get your money right away and this is the era of convenience, a merchant account is what you'll need to collect the funds from products or services that people purchased from you.
Apply online for a merchant services account and accept major credit cards such as Visa and MasterCard and integrate with the leaders in payment processing. By acquiring a merchant services account, a retailer (online or offline) can eliminate the headache involved with offering direct credit to its customers. Before you decide on one, go online and check out some of them. Or, get recommendations from others who use or have used them. Usually, recommendations are your best bet.
New generation shopping cart systems and online expense tracking software now comes with merchant accounts and third party payment processors which is the most convenient service and thus relieves from the headache of writing and sending a check or calling in an order. Through merchant accounts you can have different ways of receiving payments: credit cards, checks, charge cards and debit cards.
Before approaching merchant account processors one should know the actual or expected margins, transaction volume and internal resources. You need to be clear cut. You need to know, which merchant account system is going to work the best for your business? When will you get one that is a good fit? Whether it's online or on paper? What fees you will be incurring? Whether it is a recurring type payment or a onetime fee? If you clarify these things only then you can be sure of facing no grave problems in undertaking a successful online business and have a longer running expense tracking software.
It also takes away a lot of the worry about how secure your site is for ordering purposes; PayPal basically takes that entire burden on itself. Even if your site currently has the facility to take credit and debit card orders on a secure server, you should still offer PayPal as well, as it will likely attract even more customers. While not as comprehensive as some merchant services, PayPal is arguably more than sufficient for most websites in their early stages, and certainly wins in the price stakes. When the money really starts rolling in, then it's time to expand your reach. But hang onto the shopping cart at all costs, as many people are more than happy to use it.
Therefore, to be conclusive we can say that merchant services are the easiest way to extend credit to your customers. Accounts are easy to obtain and can usually be acquired without any fees whatsoever. Consider getting one a full featured online expense tracking software and online shopping cart systems. Your customers will greatly appreciate the software and are more likely to come for more.