When it comes to your business, choosing the cheapest merchant account could be a very expensive mistake in the long run. The right merchant account will offer more than just low rates by offering programs and services designed to help your business expand and grow.

The cheapest merchant account providers will often lure you in with the promise of impossibly low rates and no setup fees, only to hide their expensive charges and miscellaneous fees in the fine print of your contract.

In addition to fees, it’s important to compare the services provided by different merchant account providers. Here’s what to look for when comparing the cheapest merchant account providers for your company’s needs.

Customer Service

What would you do if there were suddenly a problem with your shopping cart software, or with your website’s payment gateway integration? What if your website suddenly shut down and you were losing sales?

What if you called your merchant services provider for help, and they asked you to call back the next day? Or put you on hold or even ignored your calls?

The right merchant services provider will offer excellent customer service, like our customer support service which is available 24 hours a day, seven days a week. You should be able to pick up the phone or send an email or speak to an agent through live chat at any moment for a quick and immediate resolution to your problem.

Some of the cheapest merchant account companies will charge extra for this service, usually on a monthly basis. Make sure you understand what the fees cost for customer service, and that the support that the company provides is worth what you’re paying.

Account Setup Time & Startup Costs

Depending on what payment processing company you choose, you could spend anywhere from 4–6 weeks waiting for approval to open a merchant account. In addition to a lengthy wait time, you could also wind up paying hundreds of dollars in startup fees and activation charges.

Allied Wallet saves you time and money when it comes to startup costs and account setup times. In just twelve hours, merchants can be approved and have their websites activated with their payment gateway and integrated with shopping cart software for live purchases on your business website. In addition, there are zero startup costs or activation fees. Their service technicians are also available 24/7 to help you get started with accepting payments as quickly as possible.

Finding the right merchant account service takes a bit of research, but will save you a lot of headache in the long run. We offer the best in merchant services, with excellent 24/7 customer support, no setup or activation fees, and lightning fast activation. Call us today to find out how you can start accepting credit cards live on your website in just 12 hours!