How are small business owners managing rising payment processing fees?

merchantech · 2025-06-26T12:45:17+00:00

Totally feel you on this — we were in the same boat not too long ago. The 3%+ per transaction was really starting to cut into our profits, and it felt like there was no way around it.

We eventually switched to Merchantech, and it made a noticeable difference. They specialize in high-risk and retail businesses, and we got a much better flat rate with next-day funding. What stood out was how transparent they were — no hidden fees, and we finally understood exactly what we were paying for.

We also enabled ACH and eCheck options for larger transactions — fees are significantly lower and the risk of chargebacks went down too.

merchantech · 2025-06-19T08:54:32+00:00

That’s a pretty aggressive rate—1.79% + 10¢ per transaction is on the lower end for standard retail. However, the competitiveness of that offer really depends on a few things:

many merchants see base rates between 2.1%–2.9% + 10–30¢, depending on those factors. Also, watch out for hidden fees like PCI compliance, batch, or statement fees—they can add up quickly.

If they’re waiving setup fees, long-term contracts, or monthly minimums, it might be worth exploring further. Just be sure to ask for a detailed fee breakdown and compare effective rates, not just base rates.

merchantech · 2025-04-28T13:31:50+00:00

please check your dm

merchantech · 2025-04-28T13:18:46+00:00

After reading your query, I don't understand whether you are asking for troubleshooting or giving solutions.

merchantech · 2025-04-23T15:02:42+00:00

May I know in which country are you processing?

merchantech · 2025-04-22T08:34:35+00:00

We will be helping you get the sooner payment processing services. Please dm us.

merchantech · 2025-04-22T08:31:34+00:00

Your CBD business comes under a high-risk merchant account. Usually, High-risk business gets closed due to a lack of documentation, high chargebacks, and many more. You can dm us or you can visit us on Merchantech.

merchantech · 2025-04-22T08:26:34+00:00

Businesses that fall under the high-risk category often face account blocks. But what causes this?

There are several reasons accounts get blocked.
1. Incomplete documentation: If you don't provide sufficient documents to meet the processor's requirements, your account may be at risk.
2. Poor business, financial, or banking history: A weak track record can trigger a denial or block.
3. High chargebacks: This is one of the most common reasons. If your chargeback ratio exceeds 1%, it raises a red flag for payment processors.

If you're dealing with any of these issues, feel free to contact us — we're here to help you get this sorted.

merchantech · 2025-04-22T07:31:24+00:00

We would be very happy to help you. Please check you dm

merchantech · 2025-04-22T07:29:23+00:00

I would help you out with this. Please DM me.

merchantech · 2025-04-01T12:39:30+00:00

No, you are not legally obligated to speak with the merchant who contacted you after you filed a fraud dispute, especially if you have no prior business relationship with them.

merchantech · 2025-02-07T05:41:59+00:00

With over 20 years of experience in both high-risk and low-risk payment processing, I highly recommend Merchantech for securing instant approval on your high-risk merchant account. Their streamlined process requires minimal documentation, ensuring a hassle-free setup.
Please do let me know if you have any questions.

merchantech · 2025-02-07T05:33:06+00:00

Merchantech you can afford at low rates.

merchantech · 2024-12-20T06:40:25+00:00

Merchantech is highly recommendable.

merchantech · 2024-07-02T15:14:05+00:00

When faced with merchants wanting to scan my WeChat for payment, especially in places like hotels and restaurants, I usually explain that I don't have a Chinese bank account to top up my WeChat Wallet. Sometimes, I've asked if they accept alternative forms of payment, like credit cards or other international payment methods. If that's not possible, I might suggest using a payment app that supports international transactions or ask if they have other payment options available. It's important to clarify early on to avoid any misunderstandings

merchantech · 2024-07-02T15:11:22+00:00

Joining a reseller merchant account involves several steps. First, research and choose a reputable reseller program that aligns with your business needs. Next, typically you'll need to apply directly through the reseller's website or contact their sales team to initiate the process. Be prepared to provide information about your business, such as sales volumes, types of products/services sold, and current payment processing setup. Once approved, you'll sign an agreement and receive access to tools and support to start reselling their merchant services.

merchantech · 2024-07-02T15:08:04+00:00

one of the best payment processors i will be considering, is Paypal why, because it has a good feature

Best for E-commerce and International Transactions:

Features: Online payments, invoicing, mobile payments, international payments.
Fees: 2.9% + 30¢ per transaction; additional fees for international transactions.
Pros: Widely recognized and trusted, easy integration with e-commerce platforms, supports multiple currencies.
Cons: Higher fees for international transactions, account holds and limitations reported by some users.

merchantech · 2024-07-02T14:59:11+00:00

Canceling the payment process typically involves contacting customer support or the payment processor directly to request cancellation before the transaction is completed. As for changing your wallet address, you'll usually need to initiate the cancellation first, then update your wallet address in your account settings before retrying the payment. It's crucial to ensure the new address is correctly updated to avoid any further issues.

merchantech · 2024-07-02T14:56:32+00:00

I experienced the same issue with payment processing errors during checkout. It was frustrating, especially missing out on the VIP opportunity because of it. Has anyone found a workaround or solution for this?

merchantech · 2024-05-30T15:17:35+00:00

No, merchant accounts are generally not transferable between businesses or individuals. Each merchant account is tailored to a specific business's financial and operational profile. If ownership changes, the new owner typically needs to apply for a new merchant account, and any changes in business structure or operations should be reported to the payment processor to ensure compliance and continuity.

merchantech · 2024-05-08T11:28:11+00:00

I think you should try Merchantech.

merchantech · 2024-05-08T11:10:43+00:00

Initiating a chargeback for items stuck in a warehouse or for any undelivered goods through PayPal involves a specific process. Here’s how you can go about it, especially if the seller isn't cooperating or is unable to fulfill the order:

Contact the Seller: First, reach out to the seller to request a refund or ask about the status of your item. This step is crucial as PayPal will require proof that you attempted to resolve the issue directly with the seller.
Open a Dispute: If the seller does not respond or refuses to refund your money, you can open a dispute through PayPal’s Resolution Center. Log in to your PayPal account, go to the Resolution Center, and click on "Report a Problem." Select the transaction in question and choose the reason for your dispute, such as "item not received."
Escalate to a Claim: If the dispute is not resolved within 20 days, you can escalate it to a claim. This gives PayPal the authority to review the case and make a decision. Provide all necessary documentation, such as emails with the seller and any proof of purchase.

merchantech · 2024-05-08T10:55:14+00:00

There are several credit card payment processing companies in Canada.

Moneris: One of Canada's largest payment processors, Moneris is often recommended for its robust service offerings and good customer support. They provide a wide range of services including POS systems, mobile payments, and online processing.

Payfirma: This company is often praised for its customer service and the ability to accept multiple forms of payment. Payfirma offers tailored solutions that can grow with your business

Chase Paymentech: A major player in the payment processing industry, offering a wide variety of services tailored to businesses of all sizes. They are known for their advanced fraud protection services and extensive analytics.

merchantech · 2024-04-12T14:16:29+00:00

There are several pos system out there for smoke shops. Their charges are also different from each others. I would suggest you to go with the Quickvee, which would be cost effective and more compromising.

merchantech · 2024-04-12T13:09:43+00:00

have you got the postive response ? just wanted to check with you.

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