Reviewing & Comparing Merchant Accounts

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Merchant Discount Rate and Merchant Account Quotes

Increasing popularity of pass through merchant account pricing formats has caused confusion with a common industry term that is making it tougher to compare merchant account quotes. Merchant Discount Rate...

Top 10 Questions to Ask When Getting a Merchant Account

There's a steep learning curve involved in getting the best merchant account, and it's natural to feel a little overwhelmed. We've put together the following ten questions that you should ask prospective merchant service providers. The answer to which will help you avoid some of the largest pitfalls that face businesses that are in the market for a new merchant account. Merchant account questions...

Shopping for a merchant account: What you're really comparing

When shopping for the best merchant account, you're really looking for the lowest markup over base costs. There are true costs associated with credit card processing that providers can't control. Think of credit card processing as a tangible product for a moment. Like with any product, there are costs to bring it to market that aren't negotiable at the retail level. The aspect of price that is negotiable is the markup over wholesale. Shopping for a merchant account...

Merchant Account Contract

Much of the ill feelings toward the credit card processing industry are a result of horror stories surrounding lengthy contracts and hefty cancellation fees. The negative stereotypes aren't totally undeserved but their origins are quickly becoming a thing of the past. Merchant Account Contract

Merchant Account Comparison Chart

Anyone that's done research to find the best merchant account knows the charts that I'm referring to. They're laid out as neatly constructed tables with merchant service providers organized in ascending order by the rates and fees that they offer. There are two big problems with these charts that render them virtually useless. First, they're extremely biased. Second, you can't accurately compare merchant accounts from one provider to the next because there is no set pricing structure to use as a basis. Merchant Account Comparison Chart...

Merchant Account Complaints

The credit card processing industry doesn't exactly have a stellar reputation and merchant account complaints are far more common than they should be. In this article I'll talk about how you can avoid doing business with the bad eggs in the industry, why it's so tough to be heard when you have a merchant account complaint and what you can do to get the word out about a poor provider that you've encounter. Merchant Account Complaints...

Merchant Account Leads

The payment card industry is fiercely competitive and the calls, letters and visits from salespeople can be relentless. The attention can be annoying and even aggravating at times, but as I'll explain in a moment, there is a money-saving silver lining to the cloud of sales pressure. Merchant Account Leads...

Merchant Account Consultants

There are experts in every field willing to sell their skills to anyone who could benefit from them, and the payments industry is no exception. As public exposure surrounding the bankcard industry expands, merchant account consultants are popping up online and perhaps even at your local networking events. The question is whether this new flood of payment consultants are simply salespeople giving themselves a new title, or if they're legitimate professionals that will help to combat the abuses toward merchants born out of the lack of unbiased information and support. Merchant Account Consultant...

How to Get Best Merchant Account

Every business owner wants the best merchant account with the good rates, great customer service and added features and benefits, but there's no provider that can offer the perfect account to every business that asks for a merchant account quote. Providers may claim 100% satisfaction, but as the saying goes, "You can't please all the people all the time" and the same is true with merchant accounts. Best Merchant Account...

Merchant account quotes: Where to Get Them and What to Look For

For many businesses, merchant account fees are responsible for a significant portion of monthly operating expenses. To be sure that you're paying as little as possible for credit card processing, it's a good idea to periodically check the market by getting merchant account quotes from a few different providers. Merchant Account Quotes ...

Credit Card Processing Sales Reps - Don't Let One Bad Apple Spoil the Bunch

Did you ever have a bad experience with an individual sales agent that cast a shadow on your opinion of the credit card processor that they were representing? If so, you may want to reconsider for your own sake. Complete article...

Merchant Account Reviews - Learn to Recognize the Useful & Avoid the Useless

Accurate, useful merchant account reviews do exist, but they're not always easy to find. The majority of merchant account reviews aren't worth the time it takes to read them, but there are helpful reviews out there and we're going to show you how to recognize them. Complete article...

Compare Merchant Accounts - The Key is to Compare Providers, Not Accounts

If you're in the process of comparing merchant accounts you probably familiar with the exhausting tables that compare rates, fees, contracts and other merchant account features from various providers. I'm happy to say that you won't find one of those tables here. There‘s certainly no shortage of information, comparison tables and advice on the Internet about how to compare merchant accounts. The issue is how useful this information is - if at all. Complete article...

Credit Card Processing - 5 Costly Myths & Misconceptions

The subject of credit card processing is confusing. Information about credit card processing can vary from one source to the next and even from one provider to the next. It's tough to know who to listen to and what can and can't be taken for granted. To set the record straight, the list below addresses five costly myths and misconceptions about credit card processing that every business person should know and understand. Complete article...

Online Credit Card Processing Quotes - Help or Hindrance

Have you ever used an online service that promises to deliver multiple credit card processing quotes from different vendors? If you’re like other business owners who have used this method to find the best credit card processing account, you probably have mixed feelings about its effectiveness. Complete article...

Is there such a thing as a free merchant account?

Free merchant accounts are the credit card processing industry's unicorn in the way that they don't exist but people continue to believe in and search for them anyway. Complete article...

Are merchant account rates and fees guaranteed?

Having a guaranteed merchant account does not mean that processing rates and fees will not be changed or raised. Merchant service providers are at the mercy of VISA and MasterCard, and cannot control when rates will be increased. Complete article...

How do merchant account providers offer guaranteed approval?

Merchant account providers use guaranteed merchant account approvals as a marketing tactic to attract merchants. In actuality merchant account providers cannot guarantee that any merchant account application will be approved. Complete article...

High Volume Merchant Accounts

High volume merchants have a distinct advantage over other businesses when searching for a merchant account provider. Their high volume and proven processing record will allow them more leverage to bargain for better rates. Complete article...

Local Banks & Merchant Accounts

Your local bank is not always the best merchant account provider for your business. It is natural to assume that because your local bank is a financial institution, they also offer merchant account services. In many cases, small local banks are contracted by a third-party processor or an independent sales organization (ISO) to resell merchant services to their banking clients. Complete article...

What is the best way to make a merchant account comparison?

Comparing merchants account is a necessary but difficult thing to do. There are seemingly endless things to consider when deciding which merchant account is best for your business. You must compare discounts rates, monthly fees, processing limits, customer service and a whole host of additional account features. Complete article...

Merchant Account Reviews

Web sites that offer merchant account reviews that are based on rates and fees are usually nothing more than affiliate marketers trying to earn a dollar by offering out-dated, and often grossly incorrect information to unsuspecting merchants. Complete article...

Does my personal credit affect my merchant account rates?

I was often asked this question throughout my years of selling merchant services and I was always quick to respond with comforting reassurance that your personal credit score does not affect your merchant account rates. Complete article...