I am looking for the lowest current rates for Credit Card Processing. Who has them and what are the rates. I am a Sign Business owner. Been in business for 10 years. I know the fees consist of at least the following: Monthly Maint. Fee, Transaction fees for Visa & Mastercard (which is a percent of sale), Fee per authorization. We do also process American Express and our customers are asking that we offer Discover. We do not have the credit cards in hand, so, we will be keypunching in the card numbers for approval.
Without the card in hand, you'll probably be doing what's called MOTO (Mail order telephone order), and therefore paying the highest rates of 2-3%.
Make sure they're honest with you about the surcharges for accepting corporate or business cards.
Watch out for batch header fees. Make sure they're completely disclosing all fees.
Another thing that gets a lot of people is called a cancellation fee. This means you get charged upwards of $500 for switching away if their service sucks. Technically, that fees supposed to be illegal, but what AG wants to prosecute banks with more money than god?
No matter what they say, you can usually negotiate on things like the fees, or minimums, or at least the cost of equipment.
You're welcome to private message me at my blog
blogcharmdawtcawmslashnostate if you'd like the names of some friends of mine in the industry.
Good luck!
Speaking as a nationally known credit score and mortgage lending expert (book, radio shows, newspaper columns)…
I use a very reputable card processing firm for my web site. They are a medium sized company with high ethics and a great customer support team and prevent fraudulent charge-backs perfectly. I am happy with their fees.
United Merchant Services in Glendale, CA818-246-6767
Cheapest is rarely best. Do you drive the cheapest car? Rent the cheapest apartment or own the cheapest house? Do you buy the cheapest food, go to the cheapest restaurant and wear the cheapest clothes?
first you need to apply for a credit card. If you to get a best credit card apply online for American Express credit card at: http://www.credit-card-gallery.com/American_Express.html and get instant approval.