How You Should Select the Best Merchant Account For Your Business
In today’s increasingly cash-free world accepting credit cards and debit cards is no longer a viable option for most businesses. If a merchant doesn’t accept credit cards they risk turning away a large portion of their potential market. Identifying who provides the best merchant account services has become a critical requirement in providing the merchant the widest range of payment options for their customers.
Merchant account reviews are not as common as reviews for restaurants or movies, merchants tend to enter into multi-year processing deals and switching costs can be high so side by side comparisons can be few and far between. But when evaluating a company such as Merchant Warehouse be aware that there are two primary methods in which a processor derives the bulk of their income. First there are fees, some of which are one time at setup and some of which are recurring on a per transaction basis or as monthly statement fees.
What About Fees and Costs?
All of these fees are negotiable, sometimes a processor like Charge.com will waive setup fees but not budge on transaction fees, other times they will offer discounts on monthly (more…)
There really isn’t any such thing as a free merchant account service. No one works for nothing so if you find one that says they are free, they may be a scam. Charge.com is a merchant account service that says they offer many free services but for a limited time only, while Merchant Warehouse does not list their fees at all. They say that every business is different so their fees will differ. Before signing a contract with a merchant account service be sure that they charge no hidden fees and that they don’t gradually increase over time
Charge.com offers free set up fees, free application fees and free online check software. Their SSL Certificate for online security is also free and their engine submission is free. All of this is free for a limited time only. Their transaction fees are $.15 and they offer discounts of 1% for face-to-face transactions and 1.79% discounts on mail, phone and internet orders. They offer instant approvals and accept all major credit cards including American Express. AOL and Apple have both given Charge.com high ratings.
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