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  • I Advice - The 'Nuts & Bolts' of understanding Merchant Account Rates on your Payment Processing Provider's

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    You do not have to have Merchant Accounts on all Cards. You can pick and choos

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    WHAT ARE MERCHANT ACCOUNTS?

    There are four most common Merchant Accounts:

    • Visa Merchant Account
    • MasterCard Merchant Account
    • American Express Merchant Account
    • Interac (Debit Cards/Bank Debit Cards) Merchant Account

    When you are setting-up your Payment Process System you will apply for Merchants Accounts on each Card that you would like to be able to allow your Customers/Clients to be able to pay by (if they so desire to do so).

    You do not have to have Merchant Accounts on all Cards. You can pick and choose

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    > • MasterCard Merchant Account
    • American Express Merchant Account
    • Interac (Debit Cards/Bank Debit Cards) Merchant Account

    When you are setting-up your Payment Process System you will apply for Merchants Accounts on each Card that you would like to be able to allow your Customers/Clients to be able to pay by (if they so desire to do so).

    You do not have to have Merchant Accounts on all Cards. You can pick and choos

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    When you are setting-up your Payment Process System you will apply for Merchants Accounts on each Card that you would like to be able to allow your Customers/Clients to be able to pay by (if they so desire to do so).

    You do not have to have Merchant Accounts on all Cards. You can pick and choos

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    ts Accounts on each Card that you would like to be able to allow your Customers/Clients to be able to pay by (if they so desire to do so).

    You do not have to have Merchant Accounts on all Cards. You can pick and choos

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    they so desire to do so).

    You do not have to have Merchant Accounts on all Cards. You can pick and choose which Cards you wish your Payment Processing System to process. You can usually always add additional cards as time goes on.

    Most Merchants will initially get set-up with, at least, a Debit Merchant Account and usually Visa & MasterCard Merchant Accounts.

    Once you have been approved for each Card you will be given an individual Merchant number for each Merchant Account that is programmed on your Payment Processing System.

    WHA

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