Here are some questions you should ask (and get answers in writing!): * What is the transaction fee and percentage for credit and debit card purchases? * What is the monthly lease fee for the equipment? * What would it cost to purchase the equipment outright? * Are there additional monthly fees? * Can the system be programmed to automatically settle transactions each evening? * How often will deposits be made into my account? This is important for cash-flow purposes. What are your hours of operation? * Why should I choose your company as my merchant services provider over the competition? * Can I process cards manually in the event of a power outage? * You might also want to ask about gift cards and check processing, if this is relevant to your business.
ask the experts Thom Cobb; Stephanie Chandler Dance Teacher; Dec 2008; 30, 12; Docstoc pg. 26 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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