Suntrust Merchant Services
|The place to come to find the information you need about suntrust merchant services
and merchant services
Suntrust Merchant Services
Directory, and Resources
This site contains resources and articles for you to use when you are looking
for information about suntrust merchant services
. This site has articles,
to suntrust merchant services
, information and news. In the future we will
have reviews of products that will help you make your decision easier with suntrust merchant services
so you can save time
Choosing a Merchant Account Provider
By: Mary Hedden
When looking for a merchant account provider, it is important to do a lot of research. You do not want to pay too much or sign up with a disreputable company. However, you do need to keep in mind that once you do sign up it could take up to a week for your application to be approved once it has been submitted.
There are three main factors that you should consider when selecting a merchant account provider.
3. Customer Service
Price (Merchant Account Rates and Fees)
When shopping for a merchant account, it is important to understand all of the rates and fees that the merchant account provider charges.
You will typically be charged the following fees:
Monthly Fee - Normally around $25 US and could vary depending on whether you meet your minimum monthly transactions.
Discount Rate- Percentage taken from a sale that the merchant pays to cover the costs of the transactions and the risk involved. Usually 1.5 percent to 3.5 percent.
Transaction Fee - A flat fee charged for each transaction. Typically between $0.20 and $1.00 US per transaction.
Application Fee - The initial fee you are charged to open the merchant account. Many merchant account providers do not charge application fees.
Equipment and Installation - Software can range from $0 to $1200 US or more depending on whether you have batch or real-time processing. Costs for hardware (POS terminals) can range from $500 to $1,500+ depending on the model you purchase.
If you have current or projected sales data, you can forecast what your fees will be for different merchant account providers. Searchmerchants.com has done this for you with the top internet merchant account providers in their database. If you visit Searchmerchants.com, you may enter your monthly sales data to compare fees for their recommended providers.
Integrity of the Merchant Account Provider
It is extremely important to consider the integrity of the merchant account provider that you select. There are a number of providers in the merchant account industry that cannot be trusted.
Here is a list of some red flags to look for while shopping for a merchant account.
1. The website of the company has misleading ads such as “Free Merchant Account” or “Lowest Prices Guaranteed”. Research these ads carefully to find out exactly what they mean.
2. You repeatedly get an answering machine every time you call.
3. They are using a free domain name or a free web hosting service. (If they cannot afford a domain name, then they probably should not be in the merchant account business.)
4. They do not answer your questions precisely.
5. They have rates and fees that are not posted on their website.
Make sure you search the internet for reviews of the company and for any unsatisfactory remarks.
Customer Service is key for smooth transaction processing. Try calling their customer service number to ask them some questions. Pay attention to the amount of time that you are on hold. Make sure th....[MORE]
These are our featured resources and providers for suntrust merchant services
. Feel free to check them out if you
are looking for resources and articles for you to
use. This list includes sites with articles, suntrust merchant services
information and news.
| SunTrust Banks, Inc.
... Cash management, lending, banking, and merchant services solutions to help you manage and grow your ... About SunTrust. SunTrust Banks, Inc. is one of the nation's largest commercial ...
[see more on SunTrust Banks, Inc.]
| First Data Merchant Services
First Data Corporation moves the world's money safely and reliably, making it easier, faster and more secure for people and businesses to buy and sell goods and services anywhere and anytime using virtually any form of payment. Our advanced ...
[see more on First Data Merchant Services]
| SunTrust - Card Processing & Merchant Services at SunTrust
Credit and debit card processing acceptance is essential for doing business today. It's convenient for customers and efficient for you. ... convenient for customers and efficient for you. SunTrust Merchant Services is uniquely positioned to provide you the ... Team of Experts. SunTrust Merchant Services has a team of full ...
[see more on SunTrust - Card Processing & Merchant Services at SunTrust]
Your Merchant Services News....
|Merchant Services from SunTrust - Homepage|
|SunTrust Merchant Services offers a suite of solutions that allow you to accept various|
types of payment?in-store, online, or through a mobile device.