In today’s e-commerce industry, it is difficult to label one merchant account service provider as the best. Some merchant account service providers may only offer retail accounts while others may only offer e-commerce or mobile point-of-sale services. However, here are a few pointers to help you search for the top merchant account service providers of 2013.
Merchant Services You Need
As stated above, not all merchant account service providers offer the solutions you need. Your first step should be searching for the exact merchants services that you need. If you want e-commerce merchant services, then work with a merchant account provider who can offer solutions to a wide range of e-commerce industries, such as Instabill or ECS World.
However, if you need retail merchant account services, look for a service provider that can offer a solution to businesses in your country. Keep in mind that while many e-commerce merchant account service providers can work with international businesses, many retail providers can only work with businesses within their own residential country.
Read Merchant Account Reviews
Keep in mind that not all reviews are created equal. A fraudulent merchant may have written some reviews in anger while others are in fact completely honest. Make sure you read as many good reviews as you do bad reviews because some of the bad ones may not even affect your business. Consider the source of the review, including website as well as author.
Last, always remember that a bad merchant account service provider will not be able to survive more than a couple of years while good merchant account service providers have been in business for at half a decade.
Get Free Merchant Account Quotes
Once you feel strongly enough about a merchant account provider, contact their sales department for an application and a free merchant account quote. Many merchant account service providers do not charge an application fee, so if you are not satisfied with the rates it can offer, then it was only your time wasted.
Read Your Merchant Account Contract
If you like the quotes the merchant service provider has offered you, carefully read your entire merchant account contract in its entirety. Try to find hidden fees within your contract that were not mentioned over the telephone or via email. Make sure you understand payouts, any rolling reserves, or additional fees or stipulations. If you do not agree to anything within your contract, do not sign it.
Just because you receive a merchant account contract does not mean the merchant account service provider is the best for your business. Research additional companies and find the one that meets all of your credit card processing needs.
Provide Helpful Feedback for Others
When you begin processing credit cards, be sure to offer your own helpful feedback. Talk about how difficult or easy the application process was, how friendly the customer service is, and how you can rely on the credit card processing services. What was your overall impression? How easy was it to reach a live person? (With Instabill, you will always reach a live person during our regular business hours.) Was the account manager knowledgeable? Pleasant? Aggressive?
Not only does providing feedback help processors gain customer trust and loyalty, but it also helps merchants worldwide learn more about the available merchant account service providers.
Instabill’s Top Merchant Account Service Providers
As already stated, there are hundreds of merchant account service providers worldwide, but Instabill has its own preferences for e-commerce businesses owners. Below is a list of our favorite merchant account service providers.
Contact Instabill Today
To learn about the retail and e-commerce merchant services provided by Instabill, contact us online or call us toll-free at 1-800-318-2713. Our expert merchant account managers will help you find the best merchant account solution for your storefront or online business.
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