A common grudge held by most merchants is that the merchant account providers are looting them with their hidden fees et al. Is it really true? Not quite. Let’s see why.
Hidden fees

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There’s an article right here posted recently that covers some of the hidden, and not so hidden, fees charged by merchants. This is what they mainly include:

Transaction Fees
Set-up fees
Credit Card related fees
Assessment fee
Discount rate
Minimum monthly discount fee

Do these fees mean the merchants are trying to get their hands into your pocket? Not really. Remember that these account providers …

Shopping around for the right merchant account provider? There are lots of options available, opening doors to many possibilities for a new online merchant, but how well do you know your Internet merchant account jargon? Here are some common terms explained so that you will get a clearer idea of what your provider is talking about.
1. Settlement Time
This period is defined as the duration of time between your customers’ credit cards being charged for the transactions they make and the time you actually see the cash in your business account.
Typically, …

Are your credit scores squeaky clean and perfect? Good for you, then! However, if you suffer from bad credit and are trying to apply for a merchant account, don’t fret. Applying for a merchant account to further propel your business towards success should not be difficult. Remember that obtaining a merchant account with bad credit is not the same as applying for a loan. Those who bear a bankruptcy label may find it difficult to apply for their own merchant accounts. The right thing to do would be to shop …

Following our first guide to online credit card processing providers here, we’ve listed down a good selection of payment gateway companies that include:
Authorize.net
Billions of transactions have been recorded annually so it is no wonder that Authorize.net is a household name when it comes to being a renowned credit card processing service provider. Authorize.net has the whole arsenal of tools which include a reliable shopping cart software as well as quality merchant support solutions. Cost of setup is approximately $99 whereas access fee can go up to $20. However, their transaction …

Starting an e-Commerce business may be tough at first – what with all the planning and budgeting and execution. But once you have everything up and running, you may wonder what’s so difficult about beginning your business in the first place! However, most people forget that in order to run a truly successful and profitable e-Commerce site, they need to identify these four main key points:
1. Your e-Commerce website is your online identity
How you design your website is very important. Not only must it look attractive and appealing to your …

Receiving a chargeback is one of a merchant’s worst nightmares, and the reason why it happens is because a customer does not recognize the merchant’s business on their credit card statement. They can’t remember who was it who charged them, or what they bought, for that matter. It’s like someone coming up to you, asking for a debt to be paid out – only for you to stare blankly at the person because you can’t seem to remember, or even know who he is!
As a result, the customer reports this …