es in different ways. It is not a good idea to compare Debit costs to Debit costs, Credit Card costs to Credit Card costs, or POS Terminal costs to POS Terminal Costs.

The best way to compare pricing and costs from provider to provider is to make sure you have all the questions answered th

WHAT ARE MERCHANT ACCOUNTS?

There are four most common Merchant Accounts:

• Visa Merchant Account
• MasterCard Merchant Account
• American Express Merchant Account
• Interac (Debit Cards/Bank Debit Cards) Merchant Account

When you are setting-up your Payment Process System you will apply for Merchants Accounts on each Card that you would like to be able to allow your Customers/Clients to be able to pay by (if they so desire to do so).

You do not have to have Merchant Accounts on all Cards. You can pick and choose which Cards you wish your Payment Processing System to process. You can usually always add additional cards as time goes on.

Most Merchants will initially get set-up with, at least, a Debit Merchant Account and usually Visa & MasterCard Merchant Accounts.

Once you have been approved for each Card you will be given an individual Merchant number for each Merchant Account that is programmed on your Payment Processing System.

WHAT ARE THE FEES ASSOCIATED WITH ACCEPTING DEBIT & CREDIT CARDS?

What you have to take into consideration is that all Payment Processing Companies structure their Monthly fees in different ways. It is not a good idea to compare Debit costs to Debit costs, Credit Card costs to Credit Card costs, or POS Terminal costs to POS Terminal Costs.

The best way to compare pricing and costs from provider to provider is to make sure you have all the questions answered tha

rocess System you will apply for Merchants Accounts on each Card that you would like to be able to allow your Customers/Clients to be able to pay by (if they so desire to do so).

You do not have to have Merchant Accounts on all Cards. You can pick and choose which Cards you wish your Payment Processing System to process. You can usually always add additional cards as time goes on.

Most Merchants will initially get set-up with, at least, a Debit Merchant Account and usually Visa & MasterCard Merchant Accounts.

Once you have been approved for each Card you will be given an individual Merchant number for each Merchant Account that is programmed on your Payment Processing System.

WHAT ARE THE FEES ASSOCIATED WITH ACCEPTING DEBIT & CREDIT CARDS?

What you have to take into consideration is that all Payment Processing Companies structure their Monthly fees in different ways. It is not a good idea to compare Debit costs to Debit costs, Credit Card costs to Credit Card costs, or POS Terminal costs to POS Terminal Costs.

The best way to compare pricing and costs from provider to provider is to make sure you have all the questions answered th

nt Processing System to process. You can usually always add additional cards as time goes on.

Most Merchants will initially get set-up with, at least, a Debit Merchant Account and usually Visa & MasterCard Merchant Accounts.

Once you have been approved for each Card you will be given an individual Merchant number for each Merchant Account that is programmed on your Payment Processing System.

WHAT ARE THE FEES ASSOCIATED WITH ACCEPTING DEBIT & CREDIT CARDS?

What you have to take into consideration is that all Payment Processing Companies structure their Monthly fees in different ways. It is not a good idea to compare Debit costs to Debit costs, Credit Card costs to Credit Card costs, or POS Terminal costs to POS Terminal Costs.

The best way to compare pricing and costs from provider to provider is to make sure you have all the questions answered th

an individual Merchant number for each Merchant Account that is programmed on your Payment Processing System.

WHAT ARE THE FEES ASSOCIATED WITH ACCEPTING DEBIT & CREDIT CARDS?

What you have to take into consideration is that all Payment Processing Companies structure their Monthly fees in different ways. It is not a good idea to compare Debit costs to Debit costs, Credit Card costs to Credit Card costs, or POS Terminal costs to POS Terminal Costs.

The best way to compare pricing and costs from provider to provider is to make sure you have all the questions answered th

es in different ways. It is not a good idea to compare Debit costs to Debit costs, Credit Card costs to Credit Card costs, or POS Terminal costs to POS Terminal Costs.

The best way to compare pricing and costs from provider to provider is to make sure you have all the questions answered that I have listed in the article called “The 17 Essential Questions for selecting a Payment Processing Provider” which can be found at http://www.cutmyposfees.com Once you have all those questions answered then total up the over all costs with each provider and see which one comes out on top. (Scroll down the Page for Examples)

EXAMPLES:

DEBIT CARD MERCHANT ACCOUNTS: Each Merchant Account has different rates and fees associated with them. Typically Retail Debit Transaction Fees are just a flat rate. An example Debit Transaction rate would be: 12 cents per Debit Transaction. It does not matter whether the Transaction processed was for $5 or $5000 the fee would be 0.12cents for the transaction to take place. Now some Payment Processing Companies will charge you a Low Transaction rate on your Debit Transactions (like 0.05cents) and a % of your sales (like 0.0025%) that is a quarter of 1 percent. This may seem like a good deal, but rarely is.

Example 1:
Debit Transaction at 0.12 cents
576 Debit Transaction that month
Total Monthly Debit Business Volume $13,876.00
Average Ticket: $23.56

0.12 cents X 576 = $69.12 in you m