Where do you go for merchant services?
Today I was thinking about adding a new credit card processing service to the site. Well, maybe that’s not quite the correct term. I was actually looking at one of those services that gives your customers a line of credit at the time of sale. I thought this was a great idea, you know to give my customers another payment option.
Unfortunately my hopes were dashed after making contact with the financing company. They only accept merchants who process ten million dollars or more each year!!! Yes, you read that right. That’s ten million dollars.
Luckily, there are still other options for merchants who would like to accept credit cards. One option that I’ve looked at recently was through Merchant Advisors. Merchant Advisors has great rates for merchants, at only 1.59% that’s almost half what I’m currently paying. Plus, Merchant Advisors gives you a free Lipman Nurit 2085 credit card terminal and a 30 day trial. These are the type of merchant services I wish I knew about before I set up with my local bank.
But that’s not all you’ll find at Merchant Advisors. As a financial institution Merchant Advisorsalso handles business loans, business cash advances, as well as check processing and ACH processing. Sounds nice to be able to get approved for a loan or cash advance with the same company that handles all of your credit card processing, right? If they can handle that job they’re sure to do a good job on the others, with nice terms once again.
If you’re interested, head over and look at their terms and maybe setup your merchant account today. It might be well worth your while.
























Ty Hardison said
am August 24 2008 @ 10:55 pm
Look closer to find that you will not get 1.59% (the rate as low as) after adding transaction fees, monthly fees and non-qualfied fees. Your “Effective Rate” will be much higher. Take the total amount of fees that are deducted from your bank account for processing and divide by your card sales. The effective rate is a true reflection of your actual cost.
Rate quotes like 1.59% are a red flag. Instead, all merchants large and small can benefit by moving to an Interchange rate price structure.