Frequently Asked Merchant Account Questions and Answers

2. What other options are available ?

There are a few options available but are quite costly and may not be suitable for you. The option that is available is a third part credit card processor. They charge large discount rates usually ranging from 15 to 20% on your sales which can have a huge impact on your business. The other problem associated with this option is that you only have access to your funds two or three times a month and there are more times then not that a customer may dispute the charge as they don't recognize the vendor on their statement 30 days later. This could kill your business or at least costing you a ton of money. It is strongly recommended you set up your own merchant account and not rely on a third party.

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