Get FREE Quote

Maximizing Business Efficiency With A Low Cost Merchant Account

To survive in the competitive economy of today’s retail climate, the ability to accept credit card payments is a must. For the sake of business efficiency, Internet marketers and traditional business owners alike must find a way to balance customer convenience with their own desire to maximize profit and minimize expenses. Deciding on the right merchant account is a key factor in balancing these opposing needs.

When business owners begin the search for a merchant account provider, they need to be aware of how banks handle these accounts. Smaller banks tend not to have the resources available to dedicate to merchant account processing and may outsource these accounts to larger banks. This does not lead to business efficiency for the merchant account holder since he or she is then forced to work through two different companies to manage transactions. Costs may also be higher with smaller banks since they must pay larger banks to take over the management of customer merchant accounts.

In the interest of saving money, the business owner who desires a merchant account may be better served by dealing with a bank that specifically handles them. This may entail hiring a bank that is not in the immediate vicinity of the physical location of the business. The business owner needs to weigh cost savings by going with a larger bank verses costs of retaining a merchant account with an out of town bank.

One such consideration is the cost of fuel if the chosen bank is close enough to drive to. If the bank holding the merchant account is out of state, the business owner needs to consider any inconvenience that comes with that. To aid in making the decision, it may be helpful for the business owner to list approximate costs of each on a spreadsheet. He or she can then analyze the data and choose the right merchant account provider. Before making any arrangements, the business owner should estimate monthly sales so the right type of account is established.

To keep costs under control, business owners must be aware of all fees that a merchant account provider is charging them to have the account. Providers may charge an annual fee, a set-up fee, a monthly maintenance fee, a per-transaction fee and possibly a statement fee. There is also the likelihood of being charged an additional amount to accept high-risk credit cards and process charge backs. While the fees may be legitimate, it is up to the business owner to understand and budget for them. By knowing what is going out in merchant processing fees each month, the business owner can reduce the amount that is ultimately taken out of the company’s profit.

GET FREE QUOTE TODAY AND START SAVING


Testimonials

It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. CreditCardProcessing.com was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today!

© 2017 CreditCardProcessing.com. All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Walnut Creek, CA

*Further terms and conditions may apply. Promotion contingent upon CreditCardProcessing.com's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by CreditCardProcessing.com.

EMV™ is a registered trademark of EMVco, LLC. Apple, the Apple logo, iPhone and Apple Pay are trademarks of Apple, Inc., registered in the U.S. and other countries. Android™ is a trademark of Google, Inc.

Call for details.