Video: Merchant Accounts – What to Look For and Ask About , Part 1

Watch this video and read this post to learn what to look for and ask when you are shopping for a merchant account.

What watch out for:
Super low discount rates – the lower the advertised rate is the greater your effective rate typically will be.
Free terminals or gateways – in business nothing is free in the [...]

Posted on August 19th, 2008 by Robb Lejuwaan in Basics, Merchant Account, Rates and Fees auto renewal, credit card processing, customer service issue, debit card transactions, early termination fee, free terminals, gateways, Interchange, MasterCard, merchant account providers, merchant accounts, point of sale, Rates and Fees, rebates, Straight Pass Through, termination penalty, Visa, warning sign

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Interchange Plus Explained

Have you heard of Interchange Plus for merchant accounts? What used to be the exclusive price model for larger businesses is now being offered to companies of all sizes. So what is Interchange Plus?
First lets start by defining Interchange. Interchange is the set price from Visa and MasterCard for various [...]