Re: Merchant Services


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Posted by Grant Foraker on August 25, 2011 at 07:31:04:

In Reply to: Merchant Services posted by Grant Foraker on August 19, 2011 at 07:37:22:

Some additional info.

Lots of shady dealings in this business. Extra fees that pop up. You have to monitor each month's statement throughly to determine the real rate you're paying. My customer explained how they signed up with a highly recommended service at 2.9%. After a year, some extra fees had slipped in and their true rate had climbed to 6%. They sued the service and got an out of court settlement.

And, miles/points/cash-back cards often have a higher rate or extra charges.




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