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Merchant Accounts

Types of Merchant Accounts

Depending on the kind of business you run there are various types of merchant accounts with different costs depending on the perceived risk level. Knowing which bucket you fall under will assist in making the decision on which payment processing services are most appropriate for your business.  So what type of merchant account does your business fall in and how risky is your business perceived?

Watch Out For

Many processors, ISO's and MSP's are honest and will treat you accordingly.  There are however the bad apples, as there is in every bunch. This list provides merchants with many of the tactics which can be employed by the less savory service providers to take advantage of merchants. Read carefully before choosing a service provider and make sure you're being treated fairly.
 

Keys to Success

Nowadays it’s critical to look beyond the fees and costs associated with your merchant account as there are so many other factors that are important to your business. It’s also important to remember the following key pieces when you’re trying to determine if you should set up a merchant account.
 

Frequently Asked Questions

Getting started with a new venture often brings with it more questions than answers to even the most basic information.  By continuing to update and compile questions from, "How do I obtain a Federal Tax ID", to "What type of business should I form?" this FAQ section is a great first step in getting your business of the ground.
 

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