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Message Board > Merchant Processing Solutions to Fit Any Business
Merchant Processing Solutions to Fit Any Business
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cramerjohn004
110 posts
Nov 14, 2022
1:31 PM
The two most usual primary concerns merchants will be interested in when considering to obtain a merchant account are rates and fees. A lot of them would call merchant account providers both online and off to ask questions about how much will be paid in order for such an account to be opened. However, not everything the person on the other end of the line says is actually true. Not that it's automatically a lie, but sometimes, things will be said in a manner as though such rates and fees apply in a general scenario.

While you may find a very attractive rate being advertised by a certain merchant start payment processing company account provider, you may be actually reading a rate that applies only in certain conditions. For example, when you may see a 1.5% processing rate, this may actually only cover your debit card transactions which may be too small in percentage compared to what it actually takes to impact your merchant card expenses significantly. However, when you see a credit card payment processing rate being advertised, that's the amount that you need to be seriously considering because that's what you'll be having to deal with every now and then. It would also be wise to choose a provider that has different rates for debit and credit cards so you can make the most out of the cheaper acceptance cost for credit cards.


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