For any business to start accepting or making payment using the credit cards it is important for them to have a merchant account. These accounts have separate service charges which are take on monthly basis. This monthly charge can be based on either of the criteria % basis or per item basis. This particular fee is called Interchange fee.

Basically, interchange fee is the amount that is charged from the retailers and merchant when a credit card or debit card is used to pay for the purchase by the acquiring bank.

For any organization merchant accounts need to be chosen depending upon the need and proper financial advice should be taken from experts.

Some advantages of Merchant accounts include:

• No fixed charges (only when transaction is carried out)
• Sell immediately
• Free of cost fraud prevention tools

Some disadvantages of merchant accounts:

• Takes a lot of time to activate the account
• Given only to incorporated companies
• Hard to get authorization from American express & Diners club.

Our teams of expert understand the entire concept of merchant account and try to provide you with the best of advice at right time. So, for all your doubts and queries contact our team now!!

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