Episode #37 - How to Master Your Merchant Account
In today’s online world, a merchant account is about as important as a bank account. But if you don’t know how to use a merchant account properly, and work with the provider, life can get very uncomfortable quickly. In this episode a special guest talks about the what you need to know to keep the electronic payments rocking into your bank account!
Quick Guide to Merchant Account Success
- Don’t over inflate your current charging levels. Risk management uses current levels to know what rules to put on your merchant account. Be accurate.
- Review your revenue growth with your merchant at least quarterly. If you’re growing fast, review more frequently.
- Remember that your business is a risk to the merchant account provider. Keep the communication channel open to avoid undesirable surprises.