First Merchant Account
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Pitfalls to Avoid When Getting Your First Merchant Account

Having a merchant account is necessary for people who want to run an e-commerce business. The thing is that the merchant accounts allow your customers to pay with their credit and debit cards online. Getting a merchant account is convenient for you and your customers. However, it might be a bit tricky. Here is what you need to know about it:

Time-consuming

If you want to obtain a merchant account as soon as possible, make sure to prepare your business history and personal credit history. Showing positive reviews from a bank that holds your personal account might help you to get it faster. Also, you can also get an internet merchant account from your bank.

High Fees

First Merchant Account

All merchant accounts have a variety of fees – rental fees for credit card terminals, application fees, per-transaction fees, and monthly fees. If you don’t have an exact business plan and you are not sure whether you will be able to pay all the fees, consider alternatives such as PayPal Payments Standards or QuickBooks Payment.

If you want to learn more about third party payments and merchant accounts, check out this infographic below:

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Alla Levin

Seattle-based lifestyle and marketing content creator. I build content funnels that guide your audience from scroll to action, blending storytelling, UGC, and smart strategy—so every piece of content has a purpose.

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Explorialla

Hi, I’m Alla — a Seattle-based lifestyle and marketing content creator. I help businesses and bloggers get more clients through content funnels, strategic storytelling, and high-converting UGC. My content turns curiosity into action and builds lasting trust with your audience. Inspired by art, books, beauty, and everyday adventures!

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