Small business need-to-know……merchant accounts
Excerpt….Remember the following points when evaluating credit-card-processing proposals that include teaser rates.
- All merchant account providers pay the same wholesale price — i.e. the “interchange” rate — to the card companies and issuing banks.
- Know the three interchange rates, above.
- Look for mark-up consistency.
- Use common sense.
Read full article…..Credit Card Processing: Don’t Be Seduced by Teaser Rates | Practical eCommerce.
