Many people are paying too much money to their merchant services provider. Read valuable insight on how you and your business can save money on merchant services and credit card processing.

1. 7 WAYSto save money on
Merchant Services

2. #1
Understand that Merchant
Accounts and Gateways are
different

3. Merchant Account
type of bank account that allows a
business to accept payments by debit
or credit cards.
Payment Gateway
an application service provider
that authorizes transactions and
processes payments.

4. There are companies that sell merchant
accounts and there are companies that sell
gateways only.

5. Save yourself the time, hassle, and money
by doing business with a company that can
do both.

6. #2
Make sure you’re PCI compliant

7. Did you know there is a
FINE for NOT being PCI
compliant?

8. Many merchant services companies
don’t care if you’re PCI compliant
because they can end up making
more money anyways.

9. If your merchant services company is
NOT trying to get you PCI certified, just
say…

11. #3
Use a merchant services specialist,
not a bank

12. 1. Banks don’t
really provide their
own merchant
services, they
often contract out
to a third party.
2. They sometimes
charge you for the
additional money to
hand your business
to someone else.

13. Avoid the middle-man and choose a company
that can provide the specialized merchant
services you need.

14. #4
Require personalized service

15. This is a business partner
who is handling your
money.
If their idea of customer
service is an outsourced
phone number or email
address then STOP and
say no thank you!

16. #5
Choose the right solution for your
needs

17. Find a provider that can do it all.

18. This not only simplifies things drastically…
…it also cuts out the ability for different
companies to start pointing fingers at
one another.

19. #6
Choose fixed rates not tiered
pricing

20. Before you sign anything,
make sure your provider is
offering fixed flat rates.

21. Tiered pricing is a red flag!
This includes rounding which you will want to stay
away from considering most companies will round in
their favor not yours.

22. #7
Watch for small additional fees

23. Ask about
• Application fees/ Sign up fees
• Monthly minimums
• Minimum transaction size
• Monthly maintenance fees

24. For more about merchant accounts, click HERE