Merchant Articles

Merchant Account Fees- The dreaded merchant account fees! Merchant account fees are part of the business but there are some tips to help you when it comes to merchant account fees. Read on to find out some of the common merchant account fees.

If you have an eCommerce website you have to a merchant account. And if you have a merchant account you can expect merchant account fees. It is part of the business and very necessary. If you get low merchant account fees the revenue you generate by using a merchant account will greatly offset the merchant account fees. In this merchant account fees review, Business Merchant Account is going to list the five most common merchant account fees and then compare merchant account fees with our two of our best merchant account providers.

Top Five Merchant Account Fees:

1) Application Fee (aka set up fee): There is some work for merchant account providers when it comes to accepting or declining your application. As a result they charge you for this application fee. Be aware that some of merchant account providers will try to double dip and charge you for both. This is a big no-no and if you see this keep moving on!

2) Transaction fees: Transaction fees are fees that are charge per processed transaction. The best merchant account providers only charge around .20-.30 cents per transaction. There is no way around transaction fees.

3) Discount fees: Discount fees are fees that are charged per sale. They are similar to transaction fees but based on a percentage of the sale. For instance most discount fees are in the neighborhood of 1.75% to 3.00%. Fees range depending on the type of sale and if the card is present or not for the sale.

4) Statement fee: A lot of merchant accounts are going to paperless statements thus there are no statement fees. If you choose to get a statement mailed to you then you can expect a statement fee. This is very common in the banking industry nowadays.

5) Minimum monthly fees: This fee is associated with the number of transactions that you process each month. It is a way for the companies to guarantee that you will process a minimum number of transactions each month or pay a fee for going under that number. This fee is usually waived if you meet the minimum requirements each month.

Charge.com vs. Merchant Express

Feature	Merchant Express	Charge.com
Annual Fee	$0	--
Application Fee	$0	$0
Setup Fee	$0	$0
Checks by Web/Phone Fax	$0	$0
Web Shopping Cart	$0	$0
Programming Charge	$0	$0
Transaction fee	$0	as low as 15¢
Discover Setup Fee	--	$0
Amex Setup Fee	--	$0
Retail Discount (in person sales)	--	as low as 1.26%
Internet/Mail/Phone Discount	--	as low as 1.79%
Internet Discount	2.27%	--
Internet Transaction Batch Fee	24.4¢	--
Monthly Service/Support/Statement Fee	$5	--
Monthly Maintenance Fee	$0	--

Charge.com and Merchant Express offer some of the best merchant account programs there is. Their merchant account fees are well below the average and you get great customer service with each company. Business Merchant Account highly recommends Charge.com and Merchant Express for your next merchant account needs!!!

Charge.com Official Site

Merchant Express Official Site

Merch. Warehouse

Charge.com

MerchantExpress