Many small business are paying too much in merchant fees, according to RateCreditCardProcessing.com

(PRWEB UK) 15 September 2013

RateCreditCardProcessing.com, a customer driven reviews and feedback website that rates credit card processing companies said that many small American business are still paying more than they should on their merchant fees after signing a credit card processing agreement despite fees being lower than ever in the past few months. A spokesperson from the website said: “While merchant accounts can broaden the horizon of a business, those who are not careful about fees are getting eaten alive. Merchant accounts are an agreement between a bank and business owner, so knowing the rules of the game will help to avoid unnecessary fees with transaction processing. Our experience this year is that business owners are often unaware of all the hidden fees that are part of their credit card processing agreement”. He added that: “There are certain merchant fees that everyone should be familiar with but also several hidden fees that consumers get surprised with, so it is important to bear this in mind when selecting a credit card processing service.”

However despite these pitfalls, they believe that businesses without credit card processing facilities are missing out on a large slice of potential income as less consumers than ever are carrying large amount of cash on them. Their spokesperson said: “If a business currently only allows for cash transactions, with confidence the data clearly shows that they are missing out on potential sales.”

RateCreditCardProcessing.com was set up to inform merchants and business owners about the choices they have with regards to credit card processing in order to help them save money. They spokesperson said: “We believe research is the best way to choose a credit card processing company, and proper research begins with what actual customers are saying. All our reviews are submitted by our visitors who want to share their experiences.” Unlike other similar websites, RateCreditCardProcessing.com does accept advertising revenue to ensure the impartiality of its customer-driven reviews.

About RateCreditCardProcessing.com:

RateCreditCardProcessing.com is a website that believes accurate research is the best way for a business to choose their next credit card processing company, and that proper research begins with what the actual customers are saying. All the reviews on their website are submitted by their visitors who want to share their experience. For more information or for those looking to research the right credit card processing company for them, go to RateCreditCardProcessing.com.

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