There are a few items and documents you will need when you open a merchant service account. There are all easy to get to us so that we can get you started!
Author Archive
How long does the setup process take?
Once all required documentation has been received, a new account setup can typically be completed within 2-3 business days. However, there are exceptions.
What are card association, card brand or NABU fees or assessments?
Card Brand Fees, also known as Card Association Fee, are the fees that are paid to Visa, MasterCard, and Discover. These are also commonly referred to as NABU fees (Network Access and Brand Usage).
What are the Interchange Rates?
There are hundreds of different Interchange rates. Interchange rates will always have two components – a percentage fee of the volume of the sale, and a per-transaction fee.
What is Interchange?
Interchange is the base cost of a credit card sale. There are many entities involved whenever you process a credit card transaction.