Category: Merchant Accounts
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FAQ Friday: How can I Avoid Getting Ripped Off By Merchant Account Fees?
On a recent episode of the Uncensored Direct Marketing podcast, my guest Julian Reyes brought up how easy it is for agents like us to rip off business owners with confusing merchant services pricing. He said that dozens of agents liked to operate in a cloud of obscurity, and it wasn’t until much later that he realized that he…
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Merchant Accounts in Puerto Rico: Everything You Need to Know Before Making the Move
We get it; you want to move your business to Puerto Rico to take advantage of advantageous tax breaks and the year-round sun, sea, and sand! But you need to understand that you can’t take your merchant accounts with you. While business owners can move over to Puerto Rico pretty seamlessly, setting up payment processing…
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FAQ Friday: How Many Merchant Accounts Can I Have?
Many business owners in high-risk verticals make the mistake of thinking you can only have one merchant account per business. But this is simply not true. When we informed a nutraceutical business owner shut down by Stripe, he could have had several merchant accounts he couldn’t believe it. “So I could have been routing my…
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Why PayPal is NOT a Real Merchant Account
When is it time to get a merchant account? Chances are, if you‘re a startup accepting credit card purchases online, you‘re likely using a PayPal account, Stripe, or a similar online payment provider. But many online business owners make the mistake of thinking a PayPal business account is the same as a dedicated merchant account.…
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Stripe Account Suspended? Here’s Why You Should Always Have a Back-Up Plan!
We’ve seen it so many times. On almost a weekly basis, we have clients emailing us desperate pleas such as “Help! My Stripe account was suspended! What Do I Do Now?!” Every day that passes sees another online business being flipped upside down by suddenly losing its payment processing abilities. Click here to start accepting…
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