8-8 The Truth About Free Merchant Account

Free Merchant Account

There is no such thing as a free merchant account. Many merchant service providers will advertise a merchant account as "free" if they are not charging any start up fees to get the account online. All merchant accounts will have fees associated with processing credit card transactions.

VISA and MasterCard charge acquiring banks fees in order to process credit cards, and these fees are passed along to the processor, then to the merchant service provider, and ultimately to the merchant. The merchant is the end-user in the credit card processing equation, and they will always have to pay for the ability to process credit card transactions.

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