Merchant Account Hidden Fees
Hidden Fees and Merchant Accounts
Do you have any hidden fees?
We do not have any hidden fees. Your monthly processing statement will be easy to read and understand. It includes detailed information such as (1) how much is processed a month; (2) what types of transactions are most frequently processed; and (3) what is paid to process those transactions.
I think in reality every company has fees but aren't necessarily hidden fees. There are many fees involved when dealing with any financial institution or Merchant Account Company but you should definitely be aware of all fees involved. Cost Comparison is a valuable tool and will allow you the ability to make a wise decision on who will become your processor. Here is a list of some of the garbage fees that merchants pay because they are not aware of a better solution:
- Chargeback fees
- Retrieval fees
- Termination fees
- Gateway fees
- Gateway Per Item fees
- Hidden setup charges
- Non-refundable setup charges
- Batch fees
- Cancellation fees
- Minimum fees
- Pass through fees (these vary)
- Over limit fees
- Voice Authorization fees
- Voice AVS fees
- Non-Sufficient Funds fees
- Bank Setup fees
- Daily Close-out fees
- Software fees
- Licensing Fees
- Annual fees
- Amex/Discover setup fees
- Statement Fees (more for more services)
- Customer Support fees
- Technical Support fees
Read more about hidden fee scams.
If you have questions about your statement charges, our live Customer Service department is available to answer your questions.
Merchant Account Questions
Below are some of the most important questions and answers on how to prepare
yourself for the world of merchant accounts and credit card processing.
What are some important questions to ask before signing up for a merchant account?
What is an explanation of a merchant account?
How much do I have to pay for a merchant account cost?
Why should I consider Fasttransact for my merchant account?
How many merchant accounts can someone have?
Is having a merchant account the best way to accept online transactions or should I use a PC?
How long does the merchant account approval process take?
Do you accept non-U.S. merchants?
Do you have any hidden fees for merchant accounts?
How fast can you set up my merchant account to accept credit cards?
Do you decline any merchant account applications or online processing applications?
Can I process for more than one business with my merchant account?
Do I have to be a U.S. citizen to open a merchant account?
What if I want to open a Canadian merchant account?
What are your fees and costs for merchant account processing?
What are the underwriting requirements to open a merchant account?
What kinds of typical startup costs can I expect in obtaining a merchant account?
I already have a retail merchant account, can I use this for internet processing?
Are there merchant application fees involved?
How do I apply for a merchant account?
How long will it take for my merchant application to be processed?
What if my merchant application is not approved?
Can you describe the merchant application process?
Does Fasttransact require a contract or is it month to month?
Will you charge me for a second merchant account?