Merchant Account - Setup Fees

http://www.merchanthotline.com
800-893-9540

This video discusses some of the setup fees as well as two types of annual fees that you may come across (depending on which provider you go with for your merchant account).

Setup fees are not too common, nor are the application fees. They used to be charged much more frequently, but with more competition, there is an increased need to waive these fees.

There is usually a setup fee for an internet gateway (such as Authorize.net) or for equipment unless you sign up for a free equipment program.

In most cases, watch for annual fees. Many providers skip this charge by default, but just make sure that if it is a part of your application, you are aware of it so there are no surprises 12 months into your processing.

The PCI compliance probably deserves its own video. I don't have too many details on this for this description, but if you'd like to discuss this further, give me a call.

I hope to be able to work with you on your account. I appreciate the opportunity!

Thanks!

Brian
800-893-9540

Playlist: http://www.youtube.com/playlist?list=PL2148A9210BCD184E

or Individually:

1. Merchant Account Basics: http://www.youtube.com/watch?v=RuqOJqIiAQI
2. Pricing: http://www.youtube.com/watch?v=ZLADu1_oZZA
3. Per Transaction Fees: http://www.youtube.com/watch?v=817t-qW_hWA
4. Discount Rate: http://www.youtube.com/watch?v=wSSf6_2tnr8
5. Monthly Fees: http://www.youtube.com/watch?v=jbe-uFo9aFA
6. Setup Fees: http://www.youtube.com/watch?v=Rtnj_FUbp78
7. Ecommerce Info: http://www.youtube.com/watch?v=fZKmX8fbqRU
8. Personal Guarantee: http://www.youtube.com/watch?v=aLKjl6N4TUA
9. Summary: http://www.youtube.com/watch?v=7wo2flJ3RJM

Category:

Howto & Style

Tags:

• merchant account
• accept credit cards
• accept payments
• setup fees
• payment processing
• accept visa
• accept mastercard
• Payment