Low Cost Merchant Accounts

Don't have a lot of money? Not sure if you have enough to start accepting credit cards? Do you feel that your current merchant account provider is charging too much?

These are common questions people ask and especially when they feel a financial crunch. We have some answers.

First of all, if your currently with paypal now is a great time to switch. You may already be aware that paypal charges 2.9% on all your transaction fees and also applies 35 cents per transaction. On average our top recommended partners only charge a discount rate of 2.39% and 30 cents per transaction which is 5 cents less for each transaction you process. You can easily save $5.00-20.00 on every $1,000 worth of transactions that you process just from the rate differences.

Other great low cost merchant account providers are Charge.com, Total Merchant Services, and Go Emerchant.

We have created a chart that clearly shows the different rates between our top recommended merchant account providers.

It is very important that you provide as much credit information as possible as you could qualify for a lower rate that is listed on this site. These are the basic qualifying rates and retail merchants enjoy a much smaller discount rate. They can range as low as 1.66% to 1.79% which is a big difference.

Lets compare a retail business like Bean's TV Suppliers versus an online company like E-Tech. Lets say they both sign up with Charge.com. Bean's would enjoy 1.66% which on every $1,000 it processes is $16.60 while E-tech endures a rate of 2.39% which is $23.90 per $1,000. Lets say per month they each process $25,000 per month. Just in this fee alone that is a difference of $182.50. This doesn't include transaction fees. So in one year Bean's saves $2,190 more then E-Tech.