Free Merchant Account

Don't be fooled by merchant service providers that advertise free merchant accounts. Don't waste time looking for a free merchant account. Instead, look for a fairly priced merchant account.

There is no such thing as a free merchant account.

Most independent sales organizations (ISO) and merchant service providers are in business to make an honest living. They have expenses just like any other business, and they need to make a profit to pay their bills. You should ask yourself, "how would it be possible for an ISO or merchant provider to offer a free merchant account and still pay there bills?" The answer is simple, it's not possible at all.

The advertising that is used by many merchant service providers may give the impression that a merchant account is free. Some providers even make it sound as though they will pay you for your business. Don't believe the hype. The fact of the matter is that it costs money to process credit cards and someone will have to pay the fees.

The card associations (VISA & MasterCard) charge an issuing bank fees to issue their credit cards, and an acquiring bank must pay an issuing bank to accept the cards. To cover expenses and turn a profit, providers and resellers will raise these rates and resell processing services to a merchant (you). By offering merchant services free of charge, the reseller would be losing money. Obviously, any business that constantly loses money will not be around for long.

Don't waste time searching for a free merchant account to process your credit card transactions. Instead, take a moment to learn how to find the best merchant account for your business. The information on this web site is free, accurate, and unbiased. Needless to say, a few moments of reading will save you a lot of time, energy, and it will show you what to really look for in a good merchant account.