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Merchant Account Rates

When searching for credit card processing and merchant account services you’ll see all kinds of offers out there that may not show all your true costs. It can get quite confusing when looking around and comparing all the different rates and fees merchant account companies offer you. The merchant service free merchant servicesindustry has taken some notes from the cell phone and cable industries by offering teaser rates or “starter” fees that jump way up after you signed that 3-5 year agreement. They will also throw in expensive add-on services that you didn’t sign up for or tell you they are “optional” but required for your account type. There are also some associations offering “teaser rates” to get you in but your statement never actually reflects these rates. We’ve reviewed and set up thousands upon thousands of merchants over the years and we’ve found that the discount rate (%) can be a small part of the bigger picture and most banks and processors make their profit on the add on fees

Before iPhone and wireless credit card processing (m-commerce) solutions became available collecting funds for orders done "on the road" required people to either pay by cash, check or write down their credit card information so you could process the transaction later back at your office. The fact is, cash and checks can get lost and credit card information, if not put in a secure place, can get into the wrong hands between the time the information was taken down and the customers card was charged. Now m-commerce solutions have taken the hassles out of doing business "on the run."