Getting on Board: Acquiring A New Merchant Account

If you are a newbie to the world of business and are still figuring out a way to arrange a method of accepting your customers’ credit card payments, or if you have been in the business for a while and you are looking to switch providers, it’s now time to think about a new merchant account.

It doesn’t matter if your company operates only online or at a real location; you will need to get a renewed merchant account with a reputable company for credit card processing services. Because there are so many merchant account providers to choose from, how do you find the one that’s right for you? Here are some quick points to consider.

Merchant Account Fees: Fees vary between new merchant account providers, so learn all about rates and hidden fees. Some new merchant account providers will mandate an installation fee, application fees, and even maintenance fees. Fee schedules may also differ between online and store sales. Do your research, and understand exactly what the total costs are.

Merchant Account Company’s Image: A verification with the Better Business Bureau and a quick Googling of your merchant account company’s name will educate you more about its track record, and confirm a decent – or not so decent – reputation. Check the merchant account provider’s website for testimonials and seals of approval from industry associations.

Credit Card-Processing Caps: Each newly created merchant account provider will offer a fee schedule according to your volume of credit card transactions. Understand the transactions you are handling monthly, and select the package that will be most appropriate for your business needs. Be aware of any charges incurred if you exceed your monthly card-processing limit.

Customer Service: Does the newly created merchant account provider offer customer service 24 hours a day? Does it provide a free technical support number if you happen to experience any problems with your card-processing hardware or software? Go with the merchant account provider that provides immediate assistance so you needn’t worry about forsaking your customers while you desperately peruse the accompanying technical manual.

If you would like to initiate a new merchant account with Vision Payment Solutions, then simply call us at the number above. A newly created merchant account with VPS can help your business reach new entrepreneurial heights. Contact us today if you are interested in a merchant account with VPS!