Through this, you can come up with your priority services and you can enjoy the benefits that you deserve. When it comes to discount fees, bear in mind that these should not exceed to 2.25% and $0.30 in each transaction and they vary depending on the types of credit cards available. You should also look for a merchant account provider that does not have monthly minimums and only charge not more than $25 for monthly statement fees.
2. The turnaround time. This is a very important factor to consider because this will give veer you away from financial hassles caused by time delay. When it comes to the deposits to your account, the time between a transaction such as sale and the deposit of the proceeds in your bank account is should not be more than 70 hours. Financial experts say that turnaround time is the best option especially if the merchant account comes from your own business bank.
3. The customer service. When applying for a merchant account, the ability of the provider to ensure your safety and credentials should be at hand. Good merchant account provider will ask for the domain registered to the account holder, for the "SSL" or the security, copy of the homepage, and at least two product pages.
4. The favorable terms. This is very important because it can give you more advantages as time goes by. One of the favorable terms includes the length of contract so you won't be locked in unfavorable terms later on. And the bank reputation which include the operation hours, the tenure or the length of time in the industry or in the business, alternative options for payment processing when there is a system failure of course, its customer service and support.
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