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As a traditional retailer, who conducts face to face transactions, your merchant account setup is fairly straightforward. You can expect the best rates and the broadest range of options, because your type of merchant account is considered to be a relatively low risk.
Nevertheless, there are pitfalls you should try to avoid, and special measures you can take to make things run smoothly with your retail merchant account. Here are some tips on setting up your retail merchant account.
 Give yourself enough time
Most retail credit card processing accounts can be set up in a day or two, but it does sometimes take longer. It's a good idea to start thinking about setting up a merchant account a few weeks before you plan on using it.
Use credit card processing experts for your retail credit card processing needs
Banks, superstores and other companies who sell, but do not specialize in, merchant accounts, can never be as competitive and up-to-date with the current trends and technologies as specialists like MuniCommerce.
Review Visa and MasterCard Interchange Rate
Visa and MasterCard publish the rates that they charge on their web site. Its a good idea to revie these rates before you shop for a merchant account. Check these links for both Visa and MasterCard Interchange Rates
Understand all of your fees
When you get a quote for a retail credit card processing service, some fees may seem a foreign to you. Take the time to go through your application and be certain to ask questions about anything you don't understand. We will patiently and competently answer all your questions.
Give some thought to your average ticket and projected monthly credit card volume
Estimating the average ticket cost and your monthly income is extremely useful in setting up your merchant account. If you estimate too low or too high you may find yourself with hassles down the road. If this number is too low, you may run into problems when your sales exceed the predicted amount. Likewise, if you guess a high number, you may have to go through some extra paperwork and delay when you first set up your merchant account.
If you have any questions, feel free to call us at 1(877) 729 6778
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