| |
Obtain A Free Merchant Account
By Shane Penrod
You may have heard about the distinct advantages of offering credit-processing services to your clients, but do you know how to obtain a free merchant account? Many lenders request applicants to pay an online credit application fee that can run more than $100. Others waive this fee, but they then impose other types of costs, like an annual membership fee. Yet there are some lenders out there who offer a merchant account at no direct cost to business owners. While there will be expenses associated with processing transactions and performing service maintenance on credit processing equipment, some lenders will limit their merchant account costs to fees like these and provide the card account at basically no extra cost to the business owner.
To find out more about how to take advantage of this type of offer for a free merchant account, ask your business banker for details. If the bank cannot provide information, check with other business operators in your area to find out if they have merchant accounts and where they got them. Some may have a free account, so you will have to ask for details if they are willing to supply them. Otherwise, you can always use a search engine to browse the Internet for companies that provide a merchant account at no cost. Be wary about offers that seem too good to be true, as they probably aren't true. Read the fine print in contracts, and ask about every type of fee you can think of. Some applicants have complained that "hidden fees" surfaced after their account was approved, forcing them to pay fees they did not anticipate. Leave nothing to chance.
Create a business plan that will put your free merchant account to good use. Don't get a merchant account simply to have one. The primary advantage is to offer credit-processing services to your customers via a number of options. These might cost an initial outlay of company funds, but the return on your investment will be valuable in terms of the shopping convenience that will make visiting your company or your site a pleasant experience for customers. Develop a reasonable budget that will show you how much you can afford to invest in credit equipment like a terminal processor, perhaps one with a printer combined. Or you may prefer to get a wireless processor if you deliver goods or services to customers at remote locations. You also can get a pager to enhance communications within your organization. Or you may want to upgrade your phone system to include a digital program that lets customers dial in to place and pay for orders without the need for direct employee assistance.
Obtaining a free merchant account will release funding that might have been earmarked otherwise for account fees, allowing you to direct it to more needy areas of your operation. If you are able to negotiate a low per-transaction fee (especially one that is less than 20 cents per transaction) or a low monthly overall rate, your savings will be enhanced, providing additional savings that can be used in other parts of the budget.
For these and other reasons, apply today for your free merchant account!
About the Author
Shane Penrod is the founder of http://www.Merchant-Account-Quotes.com Specializing in allowing merchants the ability to shop and compare multiple quotes from national merchant account providers. For free quotes on merchant account rates and fees, please go to http://www.merchant-account-quotes.com
Article Source: http://www.simplysearch4it.com/article/15781.html
| If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/15781.html" as shown above and make it hyperlinked. |
| Some other articles by Shane Penrod | Your Fast Merchant Account Is Waiting!
A Fast Merchant Account is waiting to usher your business into the technology age! All you need to do is choose a lender that will work with your company and then enjoy the benefits of ...
An Ecommerce Internet Merchant Account
Small business owners and home based entrepreneurs sometimes reach the point where they realize their company is ready to grow, and then they begin to ...
Get An Easy Merchant Account
Get an easy merchant account when you apply at one of the hundreds of online application centers that await you. A merchant account lets you ...
Discount Merchant Account Availability
Find out if discount merchant account services are available for your company by browsing Websites of potential lenders. By checking application guidelines, you will soon see whether you quality, and if so, how ...
Domestic Merchant Account Options
A domestic merchant account may be the best option for your company. That's because when you have an account managed by a company located in your country of residence, both ...
Enjoy The Benefits Of A Credit Merchant Account
A credit merchant account can make your business more productive than ever. That's because a merchant account will let you start accepting ...
|
|
| |
|
|
|
