Finding a low cost merchant account is easier today, then it was 5 years ago. While processing rates and fees remain the same, setup and solution purchase costs for Internet businesses has gone down considerably. Where it used to cost $600 to setup, many now only charge $0 to $150 to setup your business with a low cost merchant account. Non-High Risk Internet businesses should never pay anymore than that for a merchant account. Retail businesses can expect to pay anywhere from $75 and up for a retail swipe terminal solution. You can review the other rates and fees associated with a low cost merchant account, here.
Some other sections on merchant accounts that you might want to see:
- Articles
- Buyers’ Guide
- Merchant Accounts Guide (3-part guide)
- Merchant Warehouse (low cost merchant account suggestion)