Merchant Accounts
A merchant account is an account that you have with the bank in order to accept credit card payments from customers. The bank collects funds from the credit card purchasers and deposits the funds in you bank account. Once you get your merchant account set up, you can start to accept credit cards from your customers.
- Why Accept Credit Cards?
- Increased Sales Volume & Average Ticket
- Improved Customer Service
- Increased Impulse Buying
- Matching or Exceeding Competition
- Increased Credibility
- Direct Deposits of Credit Card Sales
How Does It Work?
This process authenticates a valid card, authorizes the funds’ availability, and then the settlement secures the transfer of funds from your customer’s account to your account. These merchant services incur a monthly fee and a transaction fee, which are standard throughout the industry.
| Industry Rates | Our Rates | |
|---|---|---|
| Application and Setup Fee | $95 - $250 | FREE |
| Discount Rate | 2.39% - 2.75% | 2.19% |
| Per Transaction Fee | $0.35 - $0.50 | $0.25 |
| Monthly Service Fee | $12.00 - $20.00 | $10.00 |
| Gateway Fee | $25.00 - $35.00 | $25.00 |
| Monthly Minimum | $25.00 - $35.00 | $25.00 |
Merchant Account Solutions:
IM ePay – Receive a free rate analysis and consultation with one of our experts to see how much money you can save by switching!
IM ePack – Perfect for new businesses looking to start selling their products online. Includes a merchant account and payment gateway so you have all of the pieces you need to get set up quickly and easily.
Frequently Asked Merchant Account Questions
- Our technicians will get your online store up and running
- Complete Shopping Cart Integration
- Guaranteed Web Store Functionality
- Complimentary Test Transaction
$495
learn more
- Our technicians will get your online store up and running
- Complete Shopping Cart Integration
- Guaranteed Web Store Functionality
- Complimentary Test Transaction
$995
learn more
