Choosing a Merchant Account Provider
There are three main factors that you should consider when selecting a merchant account provider.
1. Price
2. Integrity
3. Customer Service
Price (Merchant Account Rates and Fees)
When shopping for a merchant account, it is important to understand all of the rates and fees that the merchant account provider charges.
You will typically be charged the following fees:
Monthly Fee - Normally around $25 US and could vary depending on whether you meet your minimum monthly transactions.
Discount Rate- Percentage taken from a sale that the merchant pays to cover the costs of the transactions and the risk involved. Usually 1.5 percent to 3.5 percent.
Transaction Fee -...
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