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Merchant Accounts

What are the benefits of going through a bank versus a third party provider to set up a merchant account?

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Wiki User
2017-01-06 19:55:07
2017-01-06 19:55:07

Third Party providers compete diligently for your business and usually undercut the fees and processing costs that bank charge. I have seen between 15-30% cheaper cost from processing. Third party are able to negotiate for a merchants business due to the regulations of the business.

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