0 Down Merchant Accounts Reviewer's Comments

0 Down Merchant Accounts is an average credit card processing service. Among its strengths are the company's 90-day free trial of the virtual terminal and its excellent approval rating. Another important aspect of 0 down Merchant Accounts is its 2.39% discount rate for the first year with an additional $.35 transaction fee. After the first year, these rates drop to 2.25% and $0.30 per transaction.

Average Approval Rating:  

0 Down Merchant Account approves 99% of its applicants for merchant accounts. As an additional bonus, 0 Down Merchant requires no application fee.

Cost Per Month*:  

0 Down Merchant Accounts has one of the highest monthly rates compared to other credit card processing companies. The regular fees include a $10.00 monthly payment gateway fee and a $10.00 statement fee. There is a supplementary $25.00 fee for charge-backs, a $2.00 voice authorization fee, and a $.10 address verification fee.

Startup Cost:  

To register for 0 Down Merchant Services, you must pay a $99.00 startup fee. This is more expensive than most other credit card processing services.

Account Setup Time:  

0 Down Merchant Account Services requires a 5 day application processing period, after which you may accept payments for credit card transactions.

Customer Service:  

0 Down Merchant Account's outstanding customer service included immediate contact with a knowledgeable sales representative, who politely answered each of our questions. We were not required to interact with any automated systems.

Internet Based Features:  

0 Down Merchant Accounts offers a merchant account, a Virtual Terminal and a Payment gateway through Authorize.net service.

P.O.S./Swiper Based:  

There is only one available point-of-sale terminal, limiting your selection of credit card processing machines. There is also a 90-day trial program for the shopping cart.

Summary:  

0 Down Merchant Accounts is an average credit card processing service. The high monthly rates and steep startup fees contribute to 0 Down Merchant Account's low rank among competitive credit card processing companies.