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Watch Out for Hidden Fees

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Merchant Accounts and other Shopping Cart topics.

Are there hidden fees with a merchant account?

Watch Out for Hidden Fees

Here's a list of potentially troublesome fees for you to check with your shopping cart merchant account provider. If your shopping cart merchant account provider charges any of these fees, it might be time to look elsewhere:
* Chargeback fees
* Retrieval fees
* Termination fees
* Gateway fees
* 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
* Non-Sufficient Funds fees
* Bank Setup fees
* Daily Close-out fees

   

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