High Risk Merchant Accounts for Your High Risk Needs
Posted: Tue Oct 18, 2022 8:40 pm
For example, one company I know offers a very North American Bancard Sales Partner competitive discount rate program, but has major flaws with the program. At first glance it seems like a good choice to make, but if the business owner had the skills to delve a little deeper they would notice that this program would probably not be for them. Let's look at this example:
This company (I can't say the name, because I am not looking for a law suit) offers every business:
1.66% on Visa and MasterCard
10 cents per transaction
$26/month POS Terminals
If you look a little closer you will see in the fine print that this is an introductory rate, at which point after 6 months of processing they will give your business the "real" rate.
There are a few hidden fees, statement fee, admin fee, and a annual recurring membership fee.
This company (I can't say the name, because I am not looking for a law suit) offers every business:
1.66% on Visa and MasterCard
10 cents per transaction
$26/month POS Terminals
If you look a little closer you will see in the fine print that this is an introductory rate, at which point after 6 months of processing they will give your business the "real" rate.
There are a few hidden fees, statement fee, admin fee, and a annual recurring membership fee.