Free merchant
account
Free merchant accounts simply
do not exist (unless your a
non-profit or charity
type organization). Don't be dismayed though.
While some merchant account providers do make claims of a free
merchant account, they are just trying to lure you in.
There will always be an upfront cost when you purchase a
merchant account for your business. Check out the
merchant account warning
guide. However, the upfront setup/purchase prices for
Internet-based businesses has dropped quite a bit. Upfront
costs will range from $0 and up, but there will almost always be
a monthly fee (sometimes as low as $5 - but rarely). It is understandable
that a new business start-up can't afford to lay out too much
money on a merchant account, it's important you purchase from
the right company. Thompson
Merchant Services.
offers some of the lowest rates for a merchant account.
You may want to search here on MerchantSeek for a
provider,
also.
Just be aware that any company
who claims to offer a free merchant account is making up their
loss in another rate or fee. It's also a good idea to work
with a merchant account provider who will not charge you a
cancellation fee should you decide to move providers later on.
This will save you headaches down the road.
Check out the
merchant account
rates/fees section for details on pricing and a description
of what the fee is charged for.
- Back to the
merchant account knowledge base - |
