cramerjohn004
114 posts
Oct 05, 2022
5:45 AM
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One of the reasons many merchants won't switch their merchant accounts is because they have an existing contract for which they have an early termination fee. The irony here is that for most accounts, the savings on switching to a lower priced account far exceed the early termination fee. Some merchant account providers even offer a waiver or reimbursement to provide incentive for merchants to switch so if you find the right merchant merchant sales jobs account provider to go through, you'll have that early termination fee with your existing processor covered.
If your equipment is not PCI compliant, this may be a great time to switch to a new account. For most merchants, your equipment is most likely already PCI compliant. Many merchant service providers now offer free equipment for new merchants including those switching over from another provider. Reprogramming your existing equipment is also an option and most merchant service providers will give you the reprogramming for free as well.
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