A Merchant Account - Your Online Cash Register for Business
Reported by David John | October 18th, 2022 @ 06:33 PM
Although it's not common, credit card processors and acquiring banks sometimes experience problems that cause intermittent service disruptions. For the merchants that depend on them, being unable to accept credit cards for any length of time often means lost revenue.
By getting multiple merchant how to become an iso agent accounts through different processors, you can protect yourself against service disruptions due to downtime. However, the cost of having two merchant accounts to protect against service outages won't outweigh the benefits for all businesses. Processor service outages aren't common and monthly fees will have to be paid for each merchant account that you have.
To figure out if having a second merchant account to protect your business against service disruptions would be beneficial, subtract the sum of monthly charges for the dormant merchant account from a hypothetical 24-hour period of not being able to accept credit cards.
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David John