Getting a credit card merchant account with good rates

If you’re in charge of managing your company’s credit card merchant account, you probably wonder if you’re getting the best possible rates. And people glaze over quickly when you bring up the subject…

When my previous provider raised my rates, I started the dreaded search for a new provider. I’ve been taking care of this for a loooong time.

Then I found http://www.cardfellow.com, a shopping engine for merchant accounts, where providers bid for your business. Enter your information, and get competitive bids in a day or so.

Only Interchange Plus pricing is offered, so you can readily compare one offer to another. No opaque average rates. If you have that kind of account, you’re probably overpaying a lot.

Rates are locked in for life, there’s no cancellation fee, and you can keep the same payment gateway you now have. Accounting and ecommerce will love that.

I went with a different division of the same provider and am saving about $3,000 per $1MM in transactions. It adds up.

CardFellow will review your current rates and compare them to one of the offers to let you know how much you’ll be saving before you switch.

No affiliation with CardFellow.com. Just a happy customer who wants to pass something on to HackerNews readers, since I get so much from reading HackerNews.

Tom