Retail Merchant Accounts

A retail merchant account is a merchant account that is setup for the merchant to swipe majority of their customer’s cards through a credit card machine. A retail merchant account qualifies for the lowest credit card processing rate available, because there is very little security and fraud risk involved with processing a transaction using this method. To qualify for a retail merchant account, a merchant must be planning to swipe at least 80% of their transactions through a credit card machine, or through a wireless credit card machine.

Retail Merchant Accounts are the most common type of merchant account used. Most businesses that sell to their customers face to face use a retail merchant account. Many retail merchant accounts can be completely setup in 24 hours or less. As long as you are planning to swipe 80% of your transactions into a credit card terminal your business will qualify for a retail merchant account.

This article is sponsored by Jack Chevalier at PaynetSystems. A Credit Card processing and Merchant services provider.