When I first researched the best merchant service providers for a solo entrepreneur like myself, I wanted to be able to securely run international credit cards from anywhere in the world, not having to depend on Paypal, which I feel is charging a hideous amount of fees.
Little did I know how complex this research would turn out to be. Gateway, virtual terminal, merchant-account-set, PCI compliance, Authorize Net, shopping-cart integration—what in the world?! I was utterly overwhelmed for a few weeks but I persevered. Amongst many other providers I closely compared Square, Chase Payment Tech, PowerPay, and Practice Pay Solutions. I even started the application process with 3 different providers to learn the ins and outs and to be 100% certain that I was getting the absolute best deal.
Now you get to benefit from my learning experience and due diligence. Not only that, I negotiated the best transaction rates & monthly fees which are equal and—in some cases—even better to what only top industry experts with tens of thousands of followers can offer their tribe.
When you sign up through me and choose the flexible rate plan you get the following highly discounted rates:
Special Discount Rate for standard credit cards: 2.20%
Per transaction fee: .25
Monthly Min: $25
Monthly fee: $21
Pretty good, don’t you think? These are the rates that I can now offer you when you sign up via this link. If your business model is like mine where you don’t have lots of daily low-ticket transactions (under $100) Paypal, Costco, Square, Chase and other merchant providers might not be ideal partners. If you have what the industry refers to as “the occasional high-ticket transaction”—meaning a couple of times a month you would like to run a charge that’s more than 1k, then this solution might be ideal for you.
Go ahead and have a conversation with my merchant service provider and compare it with your current solution. Keep in mind every entrepreneur’s situation is unique. Only by having educational conversations with industry experts and providers can you determine what’s best for you and your business. I’m still not an expert at this nor do I aspire to ever be one. But what I do know is my virtual terminal and choice of provider is working for me like a charm.