Understanding Merchant Account Fees: A Comprehensive Guide Introduction Let's face it: merchant accounts can be confusing. There are a lot of different types of fees, and you're not always sure what they'll cost. To make things even more difficult, different providers use different terminology to describe their rates. But as a merchant account provider ourselves, we know how to help our clients navigate these waters. We want to share some of our knowledge with you so that you can learn about merchant account fees—and how to avoid getting caught up in traps that could cost your business big-time money! What are merchant account fees? Merchant account fees are the costs associated with accepting credit cards. They can include interchange, assessment and monthly fees. Interchange: This is the price you pay to your processor for every transaction that goes through their network. It's regulated by Visa, MasterCard and American Express. The fee varies depending on which card
Travel Merchant Accounts A Travel Merchant Account is a specific high-risk merchant account that gives organizations access to the travel business and accepts online card payments and online payments. Merchant acquiring banks view the travel business as high-risk, and Travel Merchant Accounts can dependably decrease that risk for organizations in the business. There will never be a thrilling time for organizations in the travel business to do what they excel at. But since getting banks to classify travel as a high-risk industry, travel services need quality Travel Merchant Accounts to keep offering their administrations without issue or interruption to how they process client payments. We've gathered a list of the best merchant accounts organizations that emphasize travel and the tourism industry; before we cover those accounts. However, we should momentarily discuss what types of organizations fall within the travel business. What Business Fall Under Travel and The Tourism indus