Understanding the Different Types of Merchant Accounts Posted By : Gerald Evans

Selecting the wrong type of merchant account could represent the loss of hundreds of dollars per year for your small business. Understanding what types of merchant accounts exist will allow you to determine which is best suited for your credit card processing needs. Is your Business a card present or card not present environment? WIll your transactions be considered qualified or no qualified? Understanding your business and transaction types will lower your credit card processing costs.