Penalties. Whether they are charged for overdrawing your account, chargebacks, or not meeting a minimum transaction balance, penalties are a pain in the neck. Make sure that you understand exactly how much you must have charged on your account each month, what kinds of actions will cost you, and how much.

Chargebacks. A chargeback occurs merchant services iso program when a customer decides they overpaid. In addition to returning their money, your merchant account will charge you a fee for doing so. You might wake up to find money you thought you had is gone. Find out what you will pay when this situation occurs, and it will occur, and how you will know so you don't unintentionally end up overdrafting your account.

A merchant account is an essential ingredient to business success, but the wise business owner will read and reread all the fine print, to insure that they get the right provider.