Tag: accounts

Demystifying Merchant Accounts

Many new business owners are confused about rates and fees for merchant accounts, and rightfully so. In order to get many of your questions answered you have to spend hours searching the Internet. The purpose of this article is to help demystify some of the confusing questions you may have about credit card rates and fees.

When it comes to choosing which Merchant Account Provider you wish to deal with (there are many of them out there) the one factor that influences most people is the cost. Accepting credit cards can be expensive, so make sure when you’re searching around you compare different providers to get the best deal. Read all the fine print also, as you may find some “hidden” charges not mentioned elsewhere like cancellation fees for example.

Understanding Merchant Accounts

My decision to write this article is in result of my awareness that new business owners, usually, are totally confused about how credit card acceptance really works. Regardless of the type of business you may have, the procedures are always the same and are really quite elementary.

The following is a list of names of all the pieces involved in the merchant account puzzle:

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