Also - depending on what you are selling could affect your rates. A lot of places consider furniture high risk & some do not. Without knowing your product, it is difficult to guess.
If one company tells you they need a 25% reserve rate for 6 months, this could well eat into your profits. Check with other processors also. And think of extras - do you need a virtual terminal? Do you want to download your transactions in a CSV format? Find out what their customer service hours are. That could be a deal breaker for you if you play catch up during the weekends & you need answers then.
If you do not think you are going to be processing more than $1,000 a month - you might consider a third party processor (like Paysystems, 2Checkout, etc). Some of the bigger differences with these, their names appear on the CC statement, not yours. With a merchant account, your name appears. And usually with third party processors, they pay out on a weekly, bi weekly basis. Some maybe just once a month. And their discount rate is usually higher than a merchant account.
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