Benefits of using multiple merchant accounts

Most businesses wrongly assume that having multiple merchant accounts will costs them too much. However, more than one merchant accounts can help a business save huge money instead.

You can save money by:

Avoiding Extreme Surcharge Fees 

When you use only one merchant account (card-present) to process card-not-present limited transactions, you need to pay extreme surcharge fees. On the other hand, more than one merchant accounts enable you to use the right type of account for making multiple card-not-present and card-present transactions and save money. 

More Profit 

With multiple merchant accounts you can control profit loss even when your acquiring bank is going through downtime. Also, you won’t have to face much loss with frequently changing MasterCard and Visa rules, for termination of one single account can’t affect you much. 

Multiple Options for Payment Processing 

Having multiple merchant accounts for your ecommerce business offers you more payment processing ways even if an acquiring bank processes transactions in limited currencies (US Dollar and Euro mostly). You can accept Visa transactions in other currencies including Indian Rupee and Australian Dollars.