Credit Card Merchant Processing

Four Parties

Many don’t know this, but four parties are actually involved in a credit card transaction! These include the merchant, the consumer and both parties’ banks. The process starts with the customer’s bank, who provides the loan. Money is moved from the consumer’s bank account into the merchant’s bank account, with numerous fees involved due to the aforementioned four parties. Banks look to protect their investments, which is why so many fees are included. However, the less of a “risk” a business is, the less fees you’ll have to pay. If you find your business continually pays large fees, you may need to review what makes your business “risky” and how to present it as a more stable company.

Getting Started

The decision to accept credit cards requires finding a merchant company to work with, such as Merchant Account Solutions. Merchant not only provides clients with free credit card terminals and software, but also guarantees the lowest rates available. This means the company will work with you to determine a rate that best suits your business. Rates start as low as 0.39%, and next-day funding is available. The company accepts 98% of applications and offers 24/7 customer service so you may contact them at any time with questions and concerns. A malfunctioning terminal equals lost revenue and unhappy customers, and Merchant’s team will work with you to resolve the issue as quickly as possible.

Additionally, Merchant Account Solutions offers a lifetime price protection. This means if a competitor offers a lower rate, the company will match if not come up with a lower price. Switching companies is a hassle, and results in lost profit while making the switch.

Credit card merchant processing is one of the easiest ways to increase revenue and maintain a loyal client base. Learn more about the process and get started today!