Terms to Know When Shopping for a Merchant Account

Over the past couple of weeks I have run into many merchants that feel ripped off by their merchant sales representative. Time and time again I hear “I just didn’t know what to ask for.”. Like with any other purchase for your business, it is important to learn about your product.

Here is a list of common terms you should know when talking to credit card processing companies:

Knowing the merchant processing industry lingo is just one way to protect your business from getting ripped off.  Always remember to read the fine print and get a second opinion.

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