Merchant Account Hidden Fees

Many payment processing companies make themselves look extremely large on the Internet, yet are really just big advertisers and high pressure sales people who are not really a payment processing company at all. They sell processing for whoever pays them the most commission and it is always the merchant who ends up paying for it, usually in the first few months and in start up costs.

Since most sales people in the merchant account business are never going to tell you that there are better deals for you out there, we have compiled a list of things to watch out for.

Merchant Account Hidden Fees

• Chargeback fees
  
• Retrieval fees
  
• Gateway fee
  
• Termination fee
  
• Hidden setup charges
  
• Non-refundable setup charges
  
• Cancellation fee
  
• Minimum fees
  
• Annual fee
  
• AMEX or Discover setup fees
  
• Statement fees (more for more services)

© Eagle Merchant Services is a merchant accounts provider based in the Chicago area offering the lowest cost merchant services as well as credit card machines.