Credit card processors have used “teaser rates” for years to help entice new customers to sign a contract using their credit card processing service. Teaser rates are advertised by processors as the cost to merchants for accepting card payments – but they generally don’t reflect the full picture of fees a merchant can expect to pay – or may only apply to a specific type of transaction.
In this day and age it is nearly impossible for any company to conduct business without credit card processors. Whether you run an online venture or are an established retail company, the acceptance of credit cards is critical to the success of your business.
Almost all people in the United States use credit cards at some point instead of physical money. When you think about it it’s more practical than carrying a big amount of cash in your wallet. So, most businesses want to tap into this fact. Learn about the major credit card processors so you too can accept cards.