Average Approval Rating:  

AmeriMerchant has a 99% approval rating and they do not charge an application fee. The company promises to contact you within one business day about your application status.

Cost Per Month*:  

AmeriMerchant has typical monthly costs if you don't go over 250 transactions monthly. The costs include a $25.00 monthly payment gateway fee, a $10.00 statement fee and a $25.00 monthly minimum. The discount rate is 2.30%, higher than others in our top ten. We felt that the fluctuating transaction rate was high too—the first 250 transactions cost you $0.25 per transaction but after that, the price jumps to $0.31 per transaction—a fee structure that hurts bigger businesses. The charge back fee, $25.00, and the address verification fee, $0.05, are both typical.

Startup Cost:  

The $99.00 startup cost is about average compared to the all the other services we reviewed.

Account Setup Time:  

AmeriMerchant takes five days to set up your account, so it's a bit of a wait before you can accept credit cards over the Internet.

Customer Service:  

When we contacted AmeriMerchant we were connected instantly with a sales representative who answered all of our questions.

Internet Based Features:  

AmeriMerchant offers a merchant account, a virtual terminal and a payment gateway through the Authorize.net.

P.O.S./Swiper Based:  

AmeriMerchant offers 3 different models of Point-of-Sale terminals; this is a typical variety to select from.

AmeriMerchant is a good credit card processing company, but they take a comparatively long time to set up your account and the fluctuating transaction rate makes us dizzy.