One of the most common myths when it comes to establishing a merchant account is that your local bank can give you a better deal than other credit card processing service providers.
Its only natural to assume that your local bank is where you should go to get a merchant account.
After all its where you keep your money so it certainly makes sense to speak to them.
The truth is, that in most cases your local bank will not be the most economical solution.
In fact, it can be one of the more costly programs available to small business owners.


I was talking with a friend of mine that owns a website and does business online the other day. So of course, I got on the subject of credit card processing with a bad credit merchant account. Somewhere in the conversation I happened to ask him who took care of his merchant account. 

There’s been a lot of buzz these days for being able to swipe a credit card using an iPhone credit card processing service.



