1. Only sign a processing agreement with a core processor.

  2. Make sure your processor gives you a true interchange plus contract.

  3. Flat rate pricing, such as Square’s 2.75%, may seem simple but typically does not provide the best pricing.

  4. Do not lease a terminal.

  5. Never pay for proprietary credit card terminals; they are proprietary for a reason!

  6. PCI DSS is important – work with your acquirer to fulfill your PCI requirements.

  7. Unless you have an online store and a physical store front, only one merchant account is needed.

  8. Always review your monthly statement for accuracy and for pricing changes.

  9. Calculate your effective rate each month. If it ever exceeds 2%, contact us for assistance!

  10. Hire an affordable independent expert to assist with all your payment needs.