Know The Facts Before Getting a Houston Merchant Account
The process of getting new Houston Merchant Accounts can be pretty intimidating. The info about merchant accounts is very plentyful these days and most people just don’t have time to sift through all of it before setting up a new account. . If you’re that person, this tutorial is for you. If you’re pressed for time, here’s the vital information that you need to know before, during and after you get a new merchant account.
Merchant accounts are very important and we suggest investing the time to learn about them when possible. But for now – this tutorial will get you started down the right path.
Laying the Ground-work:
There’s a lot of competition out there with Houston merchant accounts Use it to your advantage.
The market for new Houston Merchant Accounts is highly competitive and providers are willing to do whatever they have to do to get your business. Use this competition to your advantage and get quotes from several providers, at least three, Most importantly, don’t be afraid to let each provider know what their competitor is offering. Rates for processing are not set in stone by no means, they can be changed. Providers can move things around to try and best their competition. Let each provider know what the other guy is offering and you’ll see rates and fees drop a great deal.
The website CardFellow.com is a great resource for getting quotes for a new merchant account. All you need to do is create a free account and providers will give you quotes right online. CardFellow will also help you select the best quote by working with you and the provider through their on-site Merchant Message Board. It is definately worth spending a little time to check out.
Not all contracts have a term.
Technically, all new merchant accounts have a contract – it’s the contract term and the cancellation fee that you should watch out for. A contract term is the period in which if you cancel a merchant account, you will have to pay a cancellation fee. Month-to-month merchant accounts without a term can be cancelled at any time without a fee.
Don’t disqualify a merchant account just because it has a contract term.Sometimes imposing a contract term will make it possible for a provider to lower rates and fees or lend a piece of equipment free of charge for the length of the term.
If you do end up considering a merchant account with a contract term, here are a couple of things you should be sure to ask about.
- Term Auto-Renewal – Some Houston Merchant Accounts have language in the contract that automatically renews the contract term if the account isn’t cancelled within a certain timeframe. The cancellation period is usually about thirty day, but all accounts are different.
- There’s no guarantee – Merchant account contracts with or without a term don’t guarantee that rates and fees will remain the same. Merchant account agreements have out-clauses that make it possible for providers to change rates and fees so long as they give notice of the changes. The notice of any changes will be posted on your monthly merchant account statement – that’s why it’s so important to read them every month.
To find out a little more info on Houston merchant accounts visit our website.
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