Featured | 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

Listen to the Masses About BankCard USA – RUN AWAY!

In our ongoing series of posts where we expose the trickery of the credit card processing industry, we contacted BankCard USA (aka Maverick BankCard USA Merchant Services) to request more information about opening an account. Although we could have listened to all the negative reviews online, we just had to see the evidence for ourselves.… read more

Curious Why “Merchant Warehouse” is Listed as the #1 Credit Card Processor?

After checking out Costco, Chase Bank, QuickBooks, and Leaders Merchant Services, our next investigation turns to Merchant Warehouse. After contacting them via their website, a representative emailed us back with the following information: There is NO CONTRACT and a $0.00 Cancellation Fee.… read more

Top Credit Card Processors (to Avoid)

When we launched Best Merchant Rates in 2005, I was already aware of how much “bait and switch” was going on in the merchant account industry. We set out to be unique – to actually provide full disclosure with transparent pricing.… read more

“Leaders Merchant Services” is Leading the Way With Hidden Fees!

In our ongoing series of exposing the trickery of merchant account companies, we decided to contact Leaders Merchant Services to take a look at what they offer. With a quick Google search, you’ll see that they advertise under the url www.rockbottommerchantaccounts.com.… read more