Compare Credit Card Merchant Accounts - Red Flags to Avoid When Shopping for a Merch Account

When you compare credit card merchant accounts, it's important to stay vigilant and look for certain red flags that usually indicate an unscrupulous provider. Read on to learn what red flags to avoid when choosing a vendor.

Most providers will require you to sign a contract before setting up your account. You shouldn't necessarily shy away from a contract, but you should be wary of excessively long terms.

Remember that you haven't had any experience with this vendor yet, and you don't want to narrow your options with a contract that forces you to stay with the company for a year or longer.

Additionally, don't bother with merchant account providers that want a great deal of money up front. Up-front costs should be affordable, and some providers will even create your account without charging any start-up fees.