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Wednesday, October 26, 2005

What They Don't Tell You About Merchant Accounts

With the overwhelming amount of information out there regarding internet merchant accounts, how do you know you're getting a good rate and with a good company? In this article, I will show you some key things you need to know before you open a merchant account with anyone, whether or not it's for an Internet store.

The first thing most people don't realize is that all credit card processors pay the same amount to Visa, MasterCard, etc. when a transaction is processed. These are called interchange rates, and while they vary based upon the type of merchant, the rates are all standardized.

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