I see a lot of recommendation for CCs, mortgages, car loans but nothing for merchant account services. I know just about every bank does those and then there is Intuit QuickBooks and paypal. Any suggestions? What do you guys with small businesses use?
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sethdallob said:This has been discussed in about 50 prior threads.That's pretty !helpful there. Whyntcha just reference a few and help the guy out instead of dogging him out?
Arikson77, you may have already noticed, the search function on the site sucks. instead go to google. Type into the search box your query, then add to the end " site:fatwallet.com"
Thanks for your suggestion....did people list the topic "Merchant account service" or is there another name that i should search for since i am not getting anything but my own question. i also tried Credit card processing without any good results.
I just set one up not long ago and I compared against like 15 people and I ended up going with MerchantOne.
I like them because she ended up getting me no monthly min., and very low rates. I gave her all the quote I received and we basically took teh best of everything and matched it all. Amazing if I do say so.
Here is her info: Christina Valenti 888.382.6860 Direct Christina (at) MerchantOne.com
PM me if you have any questions on my setup.
Message edited by: cfeldhaus on 2009-10-16 13:42:48 CDT
These are the best merchant account service providers with very good customer service and a local presence; of course depends on your location. It really depends on what you want; i deal with the one mentioned because it's local and the services have been great. So, its very ymmv and depends on your own business and what you're looking for.
There are many areas of fees that you will be charged. Make sure you compare all of them line by line. Many will show you what you want to see on the main credit card type. But they over charge you on the other type of credit cards being used by your customers such as reward point cards, corporate cards, AE/Discover cards. What you get charged really depends on which card your customers pull out of their wallet. It's like a tiping scale. They under charge you on one thing and over charge you on the other to balance the scale. So be very careful of what you are being charged line by line.
I know all these because I am an account director with Okmerchant.com and we are a processor. If you want to know more, you can email me directly at Barry@Okmerchant.com. I'll be happy to answer any questions or look at your statement to tell you if you're getting the best industry rate. I am sure I can save you at lease 40% every month.
Stay far and I mean far away from MerchantOne. I just got finished going through a huge fight with them. They lied about their rates. They promised the moon but somehow very few of my transactions qualified for the low rate that they quoted. When I wanted to leave they threatened me with a large cancellation fee even though they promised me early on that if they didn't make good on their quotes, I could leave at any time without paying a cancellation fee. I was eventually forced to pay the fee because they threatened to send a collection company after me and damage my credit.
Also, record your phone conversations with whatever agent you go through. An upper-level manager at MerchantOne said that if I had a phone recording of what I had been promised he would have honored it... live and learn.. live and learn...
I would recommend Flagship Merchant Services. They are one of the highest rated processors in the industry.
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