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

4 Comments » | Read more »

Tip of the Iceberg – Missing Debit Card Rate Reduction

I am reviewed three merchant account statements today and they all have one thing in common – these businesses are not receiving a reduction in rate when a customer uses a debit card. On one statement there is no debit card activity noted at all. So just in case you have not heard [...]