How to Find a low cost merchant account

Merchant Accounts

How to Find a Low cost Merchant Account

As a retail store, how many times have you had a merchant account representative offer you lower rates and switch your account, only to discover no real savings when the statement arrives? This is a common but unfortunate aspect of the industry. Whether your business is retail or online it’s important to learn how to read and analyze your merchant statement.

Here are some things to check when looking at your statement:

Hidden Fees

Transaction Fees that differ by Credit Card Type

Monthly Membership Fee

Discount rate based on dollar volume processed

Total-Apps can help you understand your current credit card processing statement with our free cost savings analysis. We will show you in writing where you can save money or if you have a great deal. Utilizing these tips and Total-Apps can help you find the low cost merchant account you are looking for. To learn more about our merchant account solutions inquire today!