Merchant Account Comparison Chart

We know that choosing a merchant account is difficult and it can be tricky to keep track of all of the information out there. To help you navigate this process, we created the chart below to provide you with a quick comparison between the top merchant account companies out there. However, it is important to know that the rates below may not represent the exact quotes for your business or website. Many merchant account companies provide flexible pricing models for different business types. The rates and information below represents averages in the merchant account market and should serve as a jumping off point to learn more about merchant accounts with each company.

The following table represents a comparison between merchant account providers.

Merchant Account Providers:
Monthly Fees
Monthly Minimum	$0 for physical business, $25 for online	$9.95 for physical business, $0 for online	$9.95
Gateway Fee	$5.00	$0	$5.00
Statement Fee	$7.95	$9.95	$9.95
Transaction Fees
Average Discount Rate (card present)	.69%-1.69%	1.69%	2.19%
Average Discount Rate (card not present)	.99%-2.19%	2.27%	2.19%
Transaction Fee (card present)	$0.21	$0.19	$0.25
Transaction Fee (card not present)	$0.21	$0.24	$0.25
Address Verification Fee	$0.05	$0	$0.05
Account Set Up
Application Fee	$0	$0	$0
Application Type	By phone	Online and by phone	Online and by phone
Approval Rating	99%	98%	97%
Account Set Up Time	1-2 days	2-3 days	1-2 days
Customer Service
Hours	24/7, dedicated account manager	24/7	24/7
Email Support	Yes	Yes	Yes
Live Chat Support	Yes	No	Yes

* This information is an example of possible merchant account rates and shows an average for the company. Individual contracts may differ. This is especially true for Merchant Warehouse who guarantees to match or beat competitor's pricing.

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