The application process can be a bit of a waiting game and so by providing as much details as possible you are giving yourself an advantage by helping to speed up the process. If you are successful with acquiring an internet credit card processing training account you need to be aware of fraud due to the fact that you cannot physically see and therefore check the card or the cardholder. It is important that you help guard against fraud where a cardholder claims that they did not authorise a payment, check to see if your online payment card processor can offer the card scheme's authentication service - MasterCard SecureCode and Verified by Visa.
If a transaction proves to be fraudulent, the money will be reclaimed from your bank account known as a chargeback. You should expect to pay additional costs when setting up and controlling an IMA. Acquiring banks charge for their services and usually there is a sign-up fee of around £200. If your application is accepted you should expect to pay ongoing processing charges by way of a fixed fee for each debit card transaction and a percentage of each transaction for credit cards.
Lastly if you do not meet the requirements for an IMA do not fear as you can consider using an online payment-processing company who can handle all your card payments for you. The benefits of this are that payment processing companies relieve you of the burden of managing customers card details and running an IMA.
