Top Things to Look for when choosing a credit card processor
- Free Equipment
- No contracts
- Lowest possible rates
- Next Day Funding
- Same rates for AMEX
- No monthly fees
Yes – You can get all that
We’ve been looking at this for a while, and found out that most business pay way too much for their credit card processing. We found that almost all cards are processed by Wells Fargo, and their fees are fixed. The real expense goes to your broker, or middle man.
Some brokers charge a significant fee for your equipment. But, you don’t have to pay hundreds of dollars, when you can get the latest and greatest equipment free. Of course, if you stop processing cards, you do have to send it back.
Seriously. No long term obligation. Things change and you don’t want a credit card processing contract hanging on your neck like an anchor. Insist on no long term contract.
No Monthly Fees
If you’re using the processing, you’re already generating fees. It’s okay to pay a small fee if you’re not using the processing. If you’re not using the equipment, you should send it back.
Lowest Possible Rates
Nobody needs a middle man with sticky fingers. Start with the best rates, which is the fixed fee of the processor plus the smallest middle man’s cut. You can get base rate as low as 0.5%.
Next Day Funding
Why shouldn’t you get your money right away?
AMEX processed for same fees
I know many vendors won’t even accept American Express because they think you have to pay more. It’s not true.
Stamp of Approval from The List Maniacs
We’re research many different processors. I can put you in touch with a middle man who makes this work. Send me an email at firstname.lastname@example.org with your contact information and when he can reach you to discuss your business.