Exposing The Trickery | Best Merchant Rates

Beware of the Trickery of Costco Merchant Accounts

Let me first say that we absolutely love Costco! They have incredible deals on most products, and those giant bags of pita chips are irresistible around the office. Please beware that the good deals stop when it comes to a merchant account.… read more

Bank of America is ‘Banking’ on Your Lack of Understanding

Despite their ‘All-American’ moniker, Bank of America is not much different than the other banks we’ve researched in our Exposing the Trickery blog series. To launch our investigation, we filled out an online form and waited to be contacting by a merchant account representative.… read more

Don’t Be Too Quick to Process Credit Cards With QuickBooks

We’ve already pointed out the trickery of Costco, but there are even more large corporations who build on your existing trust in order to lure you into processing credit cards with them. Today, we want to highlight how Intuit leverages the QuickBooks brand to develop a merchant services business.… read more

No Need to “Chase” After Three-Tier Pricing at Chase Bank

This week, we headed on over to Chase Bank to look into a merchant account. We quickly found out that Chase Paymentech uses one of the most common credit card processing fee structures – the three-tier system. The first tier is known as the Qualified Rate, which is when an individual swipes their credit card in your retail location in person. … read more

Merchant One is #1 in Shady Sales Strategies

Click image to see larger version. As we continue to expose the trickery of shady credit card processing companies, we contacted Merchant One to request a quote for an Internet-based business. As with all our merchant account reviews, we contacted the company directly by submitting an request for quotation through their company website.… read more

National Bankcard MISLEADS You Into Thinking You’ll Get 0.39%

Click the image to view National Bankcard's REAL rates and fees! We’re always amazed by what extent our competitors’ salespeople will go to in order to land a new merchant account, and National Bankcard is no different. Their misleading sales tactics motivate us to continue exposing the lies and trickery of credit card processing companies.… read more

I Got Quoted ONE FLAT RATE!

All across the web, we see “flat rates” being advertised to unsuspecting merchants. Because of this blatant misrepresentation, we then have to explain to potential customers that they’re being scammed. Here’s the truth about the “One Flat Rate” scam! All banks and processors have the exact same costs from Visa, MasterCard and Discover.… read more

Consumer Confidence

You know as much as anyone else that in the current state of the economy people aren’t as impulsive with the way they spend their money, so why should you be impulsive when choosing a credit card processor? The credit card processing industry is multi-level labyrinth of fees and confusion that cloud your bottom line price point.… read more

Fight Higher Credit Card Processing Fees by Steering Clear of Fee Fighters!

After investigating Chase Paymentech, Leaders Merchant Services, QuickBooks, Costco, Sam’s Club, Square, Bank Card USA, and many more, nothing seems to surprise us anymore when it comes to the shady business practices of merchant account providers.… read more

Get Your Water at Sam’s Club, But Don’t Get a Merchant Account!

As we continue our eye-opening blog series on the trickery of credit card processing companies, we thought it was time to turn our attention to the “other” big box retailer who offers merchant accounts these days…Sam’s Club. We wanted to see if they took a similar path as Costco with their sales techniques.… read more