A best practice in choosing a bank for merchant services is to choose a bank that is different then the bank you keep your companies regular accounts. The reason for this if something (like fraud) happens with regards to your merchant account then the bank can choose to not only freeze your merchant account but [...]
19
2010
15
2010
What is a good rate for e-commerce credit card processing?
What is a good rate for credit card processing for an e-commerce site. The challenging thing in getting an answer on this is so many companies make pricing difficult to understand with things like tiered pricing, random fees, and difficult to follow pricing structures. One approach I recommend is finding a credit card company that [...]
2
2009
Case In Point
This story is a case in point in why you should enlighten yourself about dishonest sales tactics from credit card processors.
Merchant reports dishonest practices to FTC
14
2009
How to choose a credit card processor
With so many credit card processors on the market, choosing one can seem like a daunting task. Here are some tips to help you find your best option.
Get to know the ins and outs of the industry.
As I pointed out in my article Fees Demystified, it will help you immensely to understand how credit card [...]