Your Merchant Account Must Be Efficient

It’s really important to compare several processors before you decide where to open your merchant account. Of course, price is going to be one of the biggest factors, but customer service really matters too, especially if you need a problem solved right away.

But another crucial aspect to consider is the speed and efficiency with which the transactions are processed. Some companies take up to four days to get the money from the customer to your bank. Some may be able to do it in three. That one day can make a difference if you are waiting on funds to get the project started, or if your landlord is standing there looking for his rent.

When you interview various providers, be sure to ask about turnaround time.