Merchant Accounts

We’ve got everything you need to know about merchant accounts. Our guides will help you narrow down the best merchant account for your business. We know how tough it can be so we’ve made it easier for you to make the right decision.

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What is a Merchant Account?

A merchant account allows your business to accept credit and debit card payments. A merchant account is not a bank account, instead it’s more of a holding-pen –  a secure place for funds to wait while the bank checks to make sure the customer has enough money to make the payment.

Without a merchant account your business won’t be able to accept credit and debit card payments –  making merchant accounts essential to the growth of your business. There are three different types of merchant accounts, aggregated, dedicated, and high-risk.

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Your questions answered

Expert Market has specialist teams who have developed in-depth industry knowledge to help you find the best solution for your business.

Contact us to ask more questions and get specific advice on merchant accounts.

info@expertmarket.com

How much does a merchant account cost?

The cost will depend on the volume of card transactions processed. The more card payments you take annually, the lower the rates the provider offers. Your main costs are linked to monthly charges and charges per transaction. Providers are usually reluctant to provide a list of fees upfront, so be sure to ask.

What are the benefits of taking card payments?

There are numerous benefits to taking card payments, here are some of the most important:

  • Increased sales and profit
    Security
  • Increased customer choice
  • Faster service
  • Less bank fees
Why does it matter which merchant account provider I choose?

The provider you choose matters because of two reasons: fees and contracts. Merchant account fees vary. A lot. They can vary with the same provider from month to month, let alone from provider to provider. So it’s super important you weigh up all the options before signing a contract.

Learn. Compare. And choose your merchant account wisely.