3 Types of Merchant Accounts – Credit Card Processing Decisions for Small Business

Making sure that you can accept credit cards is an important part of starting a small business. To facilitate credit card transactions your business will require a merchant account, which is basically a bank or payment processing company that specializes in such transactions.Costs associated with merchant accounts are related to numerous factors such as credit card processing volume, the type of service or product you are selling, the country you are doing business in, and the type of device that is taking the credit card info (i.e. a swipe machine in a grocery store).The more risk involved in the merchant account the more you should expect to pay for one. For example a merchant account for a brick and mortar POS (point of sale) swipe system in a grocery store…
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