Tips to Finding the Right Internet Merchant Account Provider

Written by Charge.com

If you want to accept credit card on the web, you will need an internet merchant account. But finding the right internet merchant account provider is easier said than done. Unfortunately, many merchant companies simply don’t meet the needs and budget of the small business owner. Some companies have expensive fees, while others outright reject companies with poor credit scores. Some merchant account providers fail to offer quality customer service, and others don’t have the products and services you need to run a successful business.

Whether you want to open a merchant account for the first time or you’re looking to switch providers, finding the right internet merchant account provider takes research. Here are a few tips on how to find a provider that meets your needs and budget.

Compare Fees and Prices

Don’t get stuck paying expensive credit card processing fees. Accepting payments on the web or in person shouldn’t be expensive. Instead of getting sucked into advertisements for “low rates,” you will need to compare fees and prices of several companies. Some companies, such as Charge.com Payment Solutions, Inc., have done all the work for you. Charge.com features a handy price comparison sheet on its website to make it easier for you to compare prices.

But even if you don’t see a price comparison chart, make your own. Make sure to compare fees for all types of services, from credit card transaction fees and check processing fees to prices for software and tools. Paying attention to fees and prices will help you save money down the road.

Pay Attention to Freebies 

While it’s important to compare fees and prices, make note of any perks, such as free software, tools, and equipment. The right online merchant account provider will offer a host of free services and products for its members. It’s possible to find a company that doesn’t charge to setup your merchant account or to setup the ability to process payments. You can also find a company that offers free web shopping carts.

Don’t Pay an Application Fee

Many merchant account providers charge $250 or more to simply process your application. The processing fee has nothing to do with setting up your account and doesn’t guarantee you will be approved. However, the right internet merchant account provider will not charge a penny to process your application. Narrow your search to companies with a free application process, and begin applying online.

———————————————————————————————————————

Charge.com is an experienced ecommerce credit card processing company.  With over 15 years of experience in the industry, Charge.com offers a variety of payment processing solutions, including the latest credit card machine for face-to-face sales.