Running a small business has a variety of inconvenient expenditures, none more so than the fees associated with accepting credit and debit card payments. To avoid bothersome fees and safeguard your profit margins, use these methods to determine the cheapest option for your business to take credit card payments.
Merchant Account For High Risk Businesses
A high-risk merchant account indicates that your payment processor has identified your organization as being more susceptible to fraud and chargebacks. Merchant accounts that are considered high-risk pay a higher processing fee to compensate for the risk assumed by the payment processor. This article discusses why a merchant account could be classified as high risk, as well as the implications for your business.
Can You Get a Merchant Account For 0% Processing Fees?
Credit card processing with no fees is a pricing approach in which the majority (or all) of the expense of credit card processing is passed on to your consumers, who pay the processing fees, not you. Zero-fee processing can be accomplished by surcharging credit card payments or by offering a discount to cash-paying clients.
