Author: Jessica DelBalzo Author's Website: http://www.advantageprocessors.com Added: June 26, 2007
<div>When I started up a punk clothing store several years ago, I was working with a small budget with very little time to spare between incorporation and opening day. In addition to refurbishing the storefront, painting and shelving inside, ordering merchandise, and buying equipment, I knew I needed to secure myself a <a href="http://www.advantageprocessors.com/processor_services.php">merchant account for credit card processing</a>. Having worked extensively in the retail industry, I already knew that opening before I could <a href="http://www.advantageprocessors.com/">process credit cards</a> could be a death knell for my shop. Unfortunately, I had very limited knowledge of <a href="http://www.advantageprocessors.com/processor_services.php">merchant services</a> and bought into one of the first packages I found online.* </div>
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<div>I was lucky to be classified as a <a href="http://www.advantageprocessors.com/information/low_rate_merchant_account.php">low risk business</a>, since I was not planning to sell my goods online or process credit cards without swiping them through a card swipe machine . As it turns out, handling a customer's card in person helps to <a href="http://www.advantageprocessors.com/information/preventing_chargebacks.php">avoid nasty chargebacks</a>, saving the business owner and the credit card agent a great deal of money. </div>
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<div>Though I was fortunate enough to be a low risk merchant, I was unlucky in many other regards. Because I was pressed for time and unable to research my options adequately, I signed a lease that forced me to pay for card swipe equipment for <em>four years </em>even though I was only locked into the <a href="http://www.advantageprocessors.com/">merchant account</a> itself for one year. I was also saddled with a fee if I did not process a given number of dollars each month. Worse yet, this quota had to be met separately by <a href="http://www.advantageprocessors.com/">Visa/MasterCard</a> and <a href="http://www.advantageprocessors.com/">American Express transactions</a>. It was very hard for my fledgling business to keep up, both in the early months and a year later when I was struggling to replenish my stock on a small budget.</div>
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<div>I wish I had known <a href="http://www.advantageprocessors.com/information/best_rates.php">how to get lower rates</a> on credit card processing. I also wish I had been more able to negotiate a fair leasing contract for my card swipe equipment. Even though I was able to buy out my four year contract for a reduced price, I still lost more than I gained in my experience with merchant services. I also wish that I had <a href="http://www.advantageprocessors.com/information/">researched my cc processing options</a> more thoroughly. It may have been possible for me to use an <a href="http://www.advantageprocessors.com/ecommerce_solutions.php">online processing service</a> while I was getting established, but instead I took the leap and went with a larger merchant services company based on name recognition alone. </div>
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<div>I highly recommend that individuals who are looking to start up their own businesses take more time to <a href="http://www.advantageprocessors.com/processor_services.php">evaluate the services</a> that are available to them today. It is imperative to sign with a merchant services company that wants to be a partner in your success rather than a reason for your failure. A quality <a href="http://www.advantageprocessors.com/processor_services.php">card processing service</a> will be eager for new companies to succeed. It is far more prosperous for them to earn on an account over many years rather than putting a new operation out of business in the first year with high fees and transaction quotas. </div>
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<div>Learn from my mistakes. <a href="http://www.advantageprocessors.com/">Credit card processing</a> is a necessity, but it does not have to be a hassle! </div>
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<div><span style="FONT-STYLE: italic">* I should note that I did not work with </span><a style="FONT-STYLE: italic" href="http://www.advantageprocessors.com/">AdvantageProcessors</a><span style="FONT-STYLE: italic"> in order to establish a merchant account. Perhaps I should add that to my list of regrets! </span> </div>
Comments
111-222-1933email@address.tst September 14, 2008 3:11 PM 111-222-1933email@address.tst
111-222-1933email@address.tst September 14, 2008 3:11 PM 111-222-1933email@address.tst
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