Unfortunately, merchant account providers are not always 100% straight about the service they will be providing to potential merchants. This article provides an overview on what to look at before you commit to a merchant account.
You could sign up for a merchant account, with what appears to be a very low rate, but end up stuck in a messy contract riddled with inflated fees, timed rate increases or extremely high rates for different types of transactions. If a low rate is all you look for, you could find yourself paying a lot more in the long run.
In addition, the service commitments a company provides can prove just as important as rates and fees. If you have questions or problems with your merchant account and can’t get any assistance, the last thing you’ll be thinking about is your rates. Just think what it would cost you to lose the ability to process charges for a few days!
In summary, when you are considering different merchant accounts, you should think about what will benefit your business the most in the long term. Whether you choose Merchant Warehouse or another merchant services company, we want you to be able to make informed decisions.