At times electronic stores can have difficulty obtaining or retaining a merchant account.
The most common reason is that many products offered to their customers are high end electronics, in the sense that they are priced at several hundred dollars, to thousands of dollars.
This imposes a higher risk level to the credit card processing company. That higher risk comes with a cost to the electronics retailer – namely, greater difficulty in finding a merchant account.
And without the ability to accept credit and debit cards from the stores’ customers, sales will be dramatically reduced. One very good processor is Charge Inc.
Because of their business approach, they are much more open to accepting electronics stores as merchant account clients, usually at highly competitive rates.
In regard to the latter, their retail and wireless discount rates start as low as 1.00 percent, with ecommerce as low as 1.79 percent. At times they also offer free terminal equipment for new clients. There is no application fee, and they’ll set you up quickly with the help of their free technical support.
If approved, you’ll be able to accept Visa, MasterCard, American Express and Discover cards. Your funds are FDIC insured.
And your merchant account application process is completed online.
So if you operate an electronics business and are in need of a low cost, reliable credit card processing partner, check out Charge.