PajMon Information Blog

Posts Tagged ‘Best Merchant Account’

“So, Give me your best rate.” Those are the words that are heard more than any others by customer service reps at merchant account companies. If you ask that question the reply you get will tell you a lot about whether you should be doing business with them.

It’s about a great deal more than just a rate. Getting a cheap merchant account as we all want, needs a lot more careful attention than just being told about a headline rate.

It is true however, that most people are drawn to an company web page on the basis of the figures. However, the idea of ‘what you see is what you get’, does not apply to merchant credit card processing services.

For example, let’s say a company offers a rate of 1.3%, however they do not tell you that the rate is based on a $25 dollar monthly minimum and a 3 year contract with a $200 termination fee.

This really changes things up. It goes from what seemed a great deal, to a bit of a nightmare and a lot more expensive than those great initial rates.

Now we look at Merchant Warehouse which ultimately makes us understand the point of the Merchant Warehouse Review. Here they take things in a completely different direction. They do not believe in advertising themselves with a rate.

The approach that they follow is one of consultation and education of the customer. They explain exactly how the industry works and how the charges that are applied to each account break down. From this position people are then in a position to really understand what they are being offered and therefore make a proper comparison between the different companies.

As well as this, they also have a great dedication to customer support and service. They have just received a prestigious award from the Electronic Transaction Association (ETA), an industry regulator that proves exactly this, as they were voted Independent Sales Organization of the year.