How to Shop for a How to Shop for a Merchant Account Merchant Account

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How to Shop for a How to Shop for a Merchant AccountMerchant Account

Shopping for a Shopping for a merchant account merchant account provider is like shopping for a provider is like shopping for a car: it helps to know which questions to ask. Here are several car: it helps to know which questions to ask. Here are several useful questions to keep in mind when speaking with a merchant useful questions to keep in mind when speaking with a merchant account provider sales representative:account provider sales representative:

1. How long has the company been in business?1. How long has the company been in business?2. Do you have a list of references?2. Do you have a list of references?3. Are you a tiered pricing or cost plus account provider?3. Are you a tiered pricing or cost plus account provider?4. I already have my own terminal. Can I use it?4. I already have my own terminal. Can I use it?5. Does your company outsource its support?5. Does your company outsource its support?6. How soon will my credit card and debit card processing 6. How soon will my credit card and debit card processing equipment arrive?equipment arrive?7. How quickly will funds reach my account? 7. How quickly will funds reach my account?

How to Shop for a How to Shop for a Merchant AccountMerchant Account

In addition, it is important to let merchant In addition, it is important to let merchant account providers know what type of account providers know what type of credit card transactions you expect to credit card transactions you expect to conduct. Different types of accounts conduct. Different types of accounts charge different rates depending upon charge different rates depending upon the types of transactions involved. the types of transactions involved.

How to Shop for a How to Shop for a Merchant AccountMerchant Account

Lastly, make sure to price-shop among Lastly, make sure to price-shop among companies, and, when doing so, be companies, and, when doing so, be certain that the merchant account certain that the merchant account providers disclose all fees and rates. This providers disclose all fees and rates. This way, you can ensure a fair price way, you can ensure a fair price comparison. comparison.

About Velocity Merchant About Velocity Merchant Services Services

Dedicated to offering the lowest rates in Dedicated to offering the lowest rates in the industry, Velocity Merchant Services the industry, Velocity Merchant Services has provided credit card and debit card has provided credit card and debit card processing services to more than 50,000 processing services to more than 50,000 merchants in its 14 years of operation. merchants in its 14 years of operation.