Gift Basket Business Blog

Credit Card Merchant Accounts

June 6th, 2007 at 03:16pm Lorie Obernauer

See Shirley Frazier’s blog for information about what to look for when you’re ready to sign up for a credit card merchant account. As Shirley says, “accepting credit cards is a must if you want to make a living with gift baskets or any other business.”
As you might already know, the bank, or other business through which you open your merchant account, will charge you certain fees: set-up fees, as well as transaction fees, and monthly fees for using their services. It is in your best interest to check these fees on a regular basis and do some comparison shopping. Although a fee might sound very low (for example, you may be charged a 1% fee per transaction that you process), these charges can build quickly and you can save quite a bit by shopping around and looking for the best fees. Make an effort to do this at least once a year. Cutting these costs can do much to help your bottom line.

Entry Filed under: Business Tips