Merchant Account Comparison: What You Need to Know

Does your business take payments remotely? If so, then you need a merchant account—which is essentially a bank account that lets you accept payments via debit card, credit card, and other electronic or cashless methods. It also holds the funds for your business before it’s transferred to your primary account. Here at Compare Card Processing, we can help with merchant account comparison to ensure you have the most reliable and speedy service at a reasonable cost.

Do you really need one?

Any business that accepts payments from customers remotely will need a merchant account. These include online stores, remote contractors, businesses that offer paid subscriptions or online courses, or any eCommerce business. Startups can also benefit from having a merchant account, as it will let them accept card payments independently without using a third-party platform.

How to compare merchant account providers

Service providers help merchants like you set up your account so you can start accepting cashless payments online. Many major banks have their own merchant account services, and we can help you compare them.

Our merchant account comparison ensures you’re getting the most reasonably priced solution without surprise costs. In most cases, providers may charge setup, monthly minimum, batch, and annual fees, so you may want to compare them based on those factors. Additionally, check their early termination and chargeback fees.

Choosing a service provider

Before comparing and choosing merchant account providers, take the time to ask yourself:

• Do you need a general solution or a specialist provider?
• What functionalities are crucial for your business?
• Might you switch providers later?

Use our comparison tool.

Get a quote from us today so we can start your merchant account comparison. Our service allows you to compare providers in minutes. We only need details about your business so we can provide the most detailed quotes from various merchants.