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Benefits of a Low Priced Yet Quality Merchant Account Provider

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  4. Benefits of a Low Priced Yet Quality Merchant Account Provider
By Ben Abel | December 27, 2017

It is axiomatic to regard merchant account service providers with low pricing as deceptive enterprises with notorious tactics ready to exploit loopholes they keep hidden in drudgery contracts. Since the advent of e-commerce and the necessity of third-party payment processors, businesses interpret more or high pricing as better or premium service.

Debunking the Myth

Merchant accounts are not as expensive as they are cut out to be. The returns from increasing sales greatly outweigh the cost, turning this seemingly substantial operation cost into a profitable investment.

The notion that high pricing equates to premium service is entirely a fallacy. Merchant account providers who have competitive pricing offer excellent services as well. You do not have to dig deep into your pocket to digitize your business, and here is why you should choose the lowest price merchant services.

Quick Estimations

Low pricing encapsulates flat-rate pricing as well. With flat-rate pricing, forget about hefty account monthly fees and PCI compliance rates. Flat-rate pricing is easy to analyze. The low pricing enables you to extrapolate the monthly payments, as there is little to no variation in the processing rates.

Small business owners, as well as large corporations, can make estimates of the monthly fees and budget for it, long before payments are due.

Zeroing in on What You Need

Low pricing is more times than often synonymous with packages that do not encapsulate all of the services in the market. But guess what, you do not need them all.

Digitizing your business into one that accepts credit and debit cards does not require you to buy services that will not profit your enterprise, which is a familiar narrative with providers who attribute their high pricing to additional features that add no value to your business operations.

All you need is a merchant account provider who can efficiently manage your POS accounts and process transactions in a timely and secure manner. A provider that offers low pricing without compromising quality service.

For more information, contact us.

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BAMS is a merchant services partner that helps e-commerce brands and retailers get paid faster with next day funding while cutting processing costs.

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bankassociates BAMS Credit Card Processing | E-Commerce Merchants @bankassociates ·
8 Apr

Your processing rate isn’t the full cost. Hidden fees like chargebacks, fraud tools, and admin overhead can add 1–2% to your total sales if left unchecked.

Learn how to identify and reduce them:
http://dlvr.it/TRx1MS

#Payments #MerchantServices #SmallBusiness #BusinessTips

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bankassociates BAMS Credit Card Processing | E-Commerce Merchants @bankassociates ·
7 Apr

Interchange fees are the biggest part of your processing costs—and they apply to every transaction. Understanding how they work helps you manage fees and protect your margins.

Learn more: http://dlvr.it/TRw21S

#Payments #MerchantServices #SmallBusiness #BusinessTips

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bankassociates BAMS Credit Card Processing | E-Commerce Merchants @bankassociates ·
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Interchange fees vs. merchant discount rate—do you know the difference? One is just a component, the other is your total processing cost. Understanding both helps you manage fees and protect margins.

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bankassociates BAMS Credit Card Processing | E-Commerce Merchants @bankassociates ·
3 Apr

Your processing rate isn’t the full story. The true cost of payment processing includes hidden fees and multiple layers that impact your margins. Understanding them helps you take control of expenses.

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