Vacoua

General Revews For All

 

  

“I only pay 1.29%!” Have you ever heard these words? Have you ever said something like this when referring to your merchant account fees? Is that really the case? I would like to make best merchant accounts for high risk clear at the outset that a LOW DISCOUNT RATE DOES NOT MEAN you have the CHEAPEST merchant account.

“Discount Rate as low as 1.19%! Free processing! Free credit card machine!” Sounds nice, doesn’t it. This ad looks really attractive on websites or ad slicks. However, these are two examples of clever marketing at its finest. Merchant account providers know that everyone wants the cheapest rates and lowest monthly fees. Of course, we all want the best deal when we make purchases. However the problem with merchant card fees is that no aspect of the service is truly free.There are so many other fees that go into processing – fees that all add up to the total monthly cost you will pay. There are fees such as transaction fee, Mid and Non Qualified downgrade fees, statement fee, annual fee, batch fee, AVS fee, and PCI fee.

The banks’ boards of directors as well as credit card associations didn’t wake up one day and say, “Why don’t we just give away credit cards for free to make everyone’s lives easier?” We all know that banks are doing business to make money. You are accepting credit cards at your business because someone thinks that this is a great way to make money. Therefore, without knowledge of the true cost that merchant account providers and their banks incur, you would never be able to find out what was a truly good price for a merchant account.

Another thing you need to keep clearly in mind is that many of the charges you will incur are not made as apparent on the monthly contract or merchant application. Is this an accident? Not at all! Many business people simply do not want to take the time to investigate what all the miscellaneous fees are and would rather just stick to asking, “What is my discount rate?” Merchant credit card providers realize this and therefore continue to cater to this mentality by printing the discount rate in larger print on advertisements and merchant account applications. Is this wrong? I don’t believe so. Is choosing a merchant account based on the discount rate going to get you the cheapest account? Definitely not!

What can you do to ensure you are getting the best deal? Know your business needs and do your homework! Research several companies and build a grid comparison of features and fees. This will keep everything in order and help you weigh the various fees and quickly see the bottom line costs for each company. It is also good to keep contact information on this list just in case you have a quick question for the company you are thinking of doing business with. Or check out the links above to see some great rates and service. After doing a little research, you will find that you can get the best merchant account deal for your business.

 

Get the Best Merchant Account

  

“I only pay 1.29%!” Have you ever heard these words? Have you ever said something like this when referring to your merchant account fees? Is that really the case? I would like to make best merchant accounts for high risk clear at the outset that a LOW DISCOUNT RATE DOES NOT MEAN you have the CHEAPEST merchant account.

“Discount Rate as low as 1.19%! Free processing! Free credit card machine!” Sounds nice, doesn’t it. This ad looks really attractive on websites or ad slicks. However, these are two examples of clever marketing at its finest. Merchant account providers know that everyone wants the cheapest rates and lowest monthly fees. Of course, we all want the best deal when we make purchases. However the problem with merchant card fees is that no aspect of the service is truly free.There are so many other fees that go into processing – fees that all add up to the total monthly cost you will pay. There are fees such as transaction fee, Mid and Non Qualified downgrade fees, statement fee, annual fee, batch fee, AVS fee, and PCI fee.

The banks’ boards of directors as well as credit card associations didn’t wake up one day and say, “Why don’t we just give away credit cards for free to make everyone’s lives easier?” We all know that banks are doing business to make money. You are accepting credit cards at your business because someone thinks that this is a great way to make money. Therefore, without knowledge of the true cost that merchant account providers and their banks incur, you would never be able to find out what was a truly good price for a merchant account.

Another thing you need to keep clearly in mind is that many of the charges you will incur are not made as apparent on the monthly contract or merchant application. Is this an accident? Not at all! Many business people simply do not want to take the time to investigate what all the miscellaneous fees are and would rather just stick to asking, “What is my discount rate?” Merchant credit card providers realize this and therefore continue to cater to this mentality by printing the discount rate in larger print on advertisements and merchant account applications. Is this wrong? I don’t believe so. Is choosing a merchant account based on the discount rate going to get you the cheapest account? Definitely not!

What can you do to ensure you are getting the best deal? Know your business needs and do your homework! Research several companies and build a grid comparison of features and fees. This will keep everything in order and help you weigh the various fees and quickly see the bottom line costs for each company. It is also good to keep contact information on this list just in case you have a quick question for the company you are thinking of doing business with. Or check out the links above to see some great rates and service. After doing a little research, you will find that you can get the best merchant account deal for your business.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *