If you’re an existing high volume merchant doing a lot of business, you can very likely have your merchant account or master merchant account fees and rates reduced simply by shopping around. To do this you’ll need a merchant account underwriter (not just an agent) who knows the banks and isn’t just locked into one with a “take it or leave it” rate. Even if you went directly to some banks with a high volume business, they simply wouldn’t give you the lowest rate, I’ll explain. (more…)