Are You Setting Up A New Merchant Account?
But you don’t know where to start? Download our resource guides to help you navigate the merchant account setup process!
If You’re A Brick and Mortar Business, Learn About EMV-Ready Countertop Terminals & Retail Merchant Account Info
If You’re Selling Products/Services Online, Learn About Online Payments via Web Gateway or Shopping Cart Integrations
Frequently Asked Questions
Setting up and maintaining a merchant account can be confusing and overwhelming especially if it’s your first time around the block.
In order to make sure you make the process as easy as possible for yourself, be sure to watch our “Setting Up Your Account” video which covers processor selection as well as the 5 key elements that you should have in place for your merchant account.
Merchant account fees usually range from 2.00% to 3.50% of your monthly credit card volume. The specific charges vary based on the type of business you are and how you accept payments from your customers.
Merchant account pricing is not a “one size fits all” pricing model so rates can vary from company to company.
There are cost and rate similarities in merchant account programs between businesses of similar industry type; i.e. one hair salon business will be able to qualify for similar rates as another hair salon but will be very different rates than an ecommerce store.
The following variables may go into pricing your merchant account fees:
Specific rates are negotiated with your provider and depend on services given and other variables that pertain specifically to your business.
Each provider will have different requirements for applying for a merchant account, but all will have an application that must be filled out.
The application process takes about 15 minutes & all your information is gathered either by phone or an online web application. There are minimal documents that you need to provide in most cases.
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Skip the “Do-It-Yourself” stuff and simply schedule a phone call with a merchant account specialist who can help you determine the right solution for your business.