I was curious the other day and wondered what kind of merchant accounts fees a big corporation pays. I called a friend who underwrites them and asked what kind of rate would a company get that’s doing $500,000 a month. I really wanted to find out where the floor was, and he said it would be (more…)
If you have a merchant account already or shopping around, there’s several different fees on a merchant account application. Knowing what they mean, and which ones you can negotiate, is the key to getting the best deal. If you call your merchant provider and they don’t drop at least $100 a year in fees, I’d shop around. (more…)
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