Have you ever thought about what type of merchant account would best fit your business?
First, you would have to differentiate the type of business you do, whether it is a restaurant, retail, internet, mail order/telephone order, or wireless account. These different categories help determine the type of processing rates that a merchant sales representative quotes you.
Don’t be fooled by a sales rep who tells you all rates are the same. The type of account for your business also tells you what kind of credit card processing solution you need. Most retail, restaurants, and mail order/telephone order businesses use desktop terminals. However, internet accounts would most likely use authorize.net or other types of software processing solutions.
Consider these factors when you are ready to sign up for a merchant credit card processing account.