Merchant account processing is crucial for every business. However, qualifying for merchant accounts is a different story. It involves the third party credit card processing party investigating your business for legitimacy and financial stability as such accounts involve some amount of risks. That being said, it is also important for you to take all necessary steps to ensure that the credit card processing company you choose is the real deal. Here are 4 important steps to ensure just that.
1. Get It In Writing: If promises made verbally are good enough, they are better written down in ink. Merchant account processing companies have a habit of billing you with fees that you didn't even know you had to pay! When you have the fees written down in black and white, you know what to pay and thus, protect yourself from hidden fees that could spring a nasty surprise.
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