A Step-by-Step Guide to Applying for a Free Online Merchant Account
Getting a free merchant account has been noted to help a lot of small business owners who don’t have the money to deal with credit card payment processing fees. Getting an online merchant account enables you to enjoy the power of receiving credit card payments. Knowing that there are many small businesses that need help with their transactions, you will find an increasing number of companies that offer free online merchant accounts. When you are planning to get this account for free, you have to find a lender who is interested in working with you. The usual lenders will be charging you $100 for an online merchant account. Through your merchant account, you will find that there are some companies that will not be requiring this fee from you as well as other associated expenses. You will find these companies in existence so that they can work with other businesses out there and help them out. You can get your approval fast, and you will be set up in no time. You can then begin accepting credit cards online as payment. However, you have to first find a merchant account service provider that will help your company in this regard.
To find companies that offer free online merchant accounts, you have to check with lending institutions and larger name banks. A lot of companies offer merchant accounts. It is important that you take your time looking into the various terms and prices offered to you so you know you have a good deal. You have to truly do proper research because your account offer can be botched even by popular banks. This goes to say that you should not rely on the name of the bank or its past performance. If you want to make the right selection, be sure that you focus on the terms and conditions when applying for a merchant account. You have to inquire about costs that are not part of the price list. For future reference, be sure to file the reply they give you in writing.
To be sure that you know what you are getting yourself into with your free merchant account, check every page of the website that provides featured accounts. Choose a company that can provide you with the best payment option for your business interests. Some companies will require a free per transaction while some will only charge your account at a low percentage rate per month. Take the time to discuss your options with the representative of the lender so you know which one will be your best choice.
After figuring out which provider of free online merchant accounts is right for you, get an online application. Within a couple of days, you will receive a postage or email if your application has been confirmed or rejected.