My Merchant Account Blog
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Application Fee
Monday, February 28, 2011
This is a fee charged when the merchant applies for a new account. Some providers charge a fee for the application, but will waive it or return it if / when the merchant account is approved. The fee is sometimes used a preventative measure to stop merchants from signing up with multiple providers at the same time.
Some merchant account providers will charge an application fee and offer the merchant a lower discount rate.
The fee can be free or it can be as high as $1000.00.
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My Merchant Account Blog Recent Entries
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