Getting Ripped off on Merchant Credit Card Fees.  I have seen this many times when escrow closes on  the sale of a business to a buyer.  The first places people think of when they look for merchant processing is the bank which with they have set up the business banking accounts with.  When setting them up, they’ll be told that Bank also offer Merchant Processing for them.  Be Careful to review the terms your bank is offering, often times you can shop around and get better terms with another third party processor.  Watch out for getting locked into an unfavorable contract and paying inflated prices on the actual physical processing equipment you receive.  If you buy them from the processing company they could be charging huge markups or trying to … Read entire article »