Why Your Merchant Account Is One of Your Most Important Team Members

Most people shop for merchant accounts the same way they shop for everything -- by price. But when you must trust the processing of your valuable orders to an online gateway, there are more factors to consider.

When I first started online years ago, we found a merchant account that seemed to meet our needs. When they asked us what our monthly estimate of business would be, I suggested $1500, thinking that would never happen.

But one day, just before we were leaving for vacation, I had a vision. I saw one of my mentors, saying, "You need another merchant account."

My mentor had just given us the cell phone number of a new vendor he was now recommending.

So I when I called, the rep said, "Hey Rhea! I've been waiting for you to call!"

I thought this guy couldn't be telling the truth. Then he mentioned a few of my friends that he was setting up accounts for.

So I told him I wanted to set up a new merchant account with his company quickly. Because of the referral from my mentor, he took care of everything that day.

After processing just a few orders which exceeded my monthly limit, I decided to switch to the new account.

The next day, I went on vacation with the children and soon got a phone call from my husband at home.

"You need to call your merchant account," he said. "There is a problem."

"Which account?" I asked.

"I don't know," he said.

So I called the number and it turned out to be my old merchant provider.

Immediately, the rep began chastising me terribly for going over my monthly limit.

"I'll call you when I get home in a week to take care of this," I said.

He wasn't happy but couldn't do anything about it. So when I got home, I asked if we could simply reverse the two transactions and they granted me permission. I reversed the transactions, then re-processed them with the new account.

I then canceled my old account.

In online business, you can go from making $5 once a month to $20,000 in a day. In fact, I have friends who have generated over $1 million in one day.

When you are doing business on the Internet, one of the most important elements of your business is your merchant account. The company simply must be able to handle the business.

Here is the only merchant account I recommend and yes, their fees are competitive. Click on the banner on the site. Ask for Kevin and tell him I sent you.