How to Compare Merchant Accounts

Confused about merchant account rates? Have every one under the sun “promising” certain rates only to find your merchant account statements higher and unreadable. Well you’re not alone. Merchant account agents have a habit of quoting prices from services they know will be a small percentage of your overall processing volume. Or they will tack on high fees and terminal costs to cover the low rate “promised”.

It’s important to be aware of these things when shopping for the best solution for you. This does not necessarily mean the lowest priced merchant account either.


Here are some things to look for when you are comparing credit card processing solutions:

  • Discount Rate- Is it consistent or will it bump up later in the contract
  • Transaction Fees- Are the rates quoted all in or just the bank charges
  • Membership Fees- Do you have to pay a membership Fee to get that rate
  • 24/7 Customer Service- Do they actually pick up the phone or are you just a number
  • Terminal Costs- Cross check against other sites and make sure


These things are just a start when comparing merchant account rates. Make sure you pick a company that understands your business, can support your merchant account effectively, and can grow with you as your business matures.


Total-Apps is committed to providing you the best value for your business when it comes to accepting credit cards and growing your business. We offer free business consulting for the life of each approved account with us as well as continuing support.

To learn more, Inquire today about accepting credit cards through Total-Apps.


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