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Merchant One is a good credit card processing company that caters to a wide variety of businesses, including retail, restaurant and hospitality, business-to-business, eCommerce, and mail- and phone-order businesses. Its transaction pricing is average, as are the monthly fees. It includes the PCI-compliance fee in its monthly statement fee so you don't have to pay a large annual fee. It also charges a gateway fee and a small IRS regulatory product fee.

It's free to apply for a merchant account with Merchant One. The company approves a high 98 percent of the applications it receives for merchant accounts. It can approve your application and set up your account within one day. There's no setup fee and there's no contract required, so you can cancel your account at any time without incurring a penalty.

Merchant One is security compliant, and your account includes all standard security features including an address verification system and Card Verification Value (CVV) authentication that help you ensure that your customer is the account holder.

Merchant One has its own gateway, but you can also choose to work with Authorize or First Data gateways. Merchant One clears the account quickly and deposits your transaction payments into your bank account in one day. Mobile credit card processing is available to you with your Merchant One account, as is a shopping card for your eCommerce needs.

With your Merchant One account, you can accept all major credit and debit cards. You can upgrade your terminal by purchasing an NFC-compatible pin pad that allows you to accept Apple Pay, Google Wallet and Softcard.

Merchant One assigns an account manager to work with you. You can contact your account manager directly during business hours, and afterhours, you can call and email customer support, which is available 24/7. Although Merchant One's website advertises live chat, the feature is constantly offline, so all you can do is leave a message and wait for a customer service rep to email you.

Merchant One Summary:
8.3/10

Merchant One has reasonable rates, approves a high percentage of applicants and can set up your account in one day. You pay nothing to apply and nothing to set-up your account. Customer service is accessible 24/7 via a toll free number and email, or you can contact your account manager directly during business hours. Merchant One is a good choice for your credit card processing needs.

 
 
 

Merchant One

Pros
Merchant One clears the account quickly and deposits transaction funds into your account in one day.

Cons
Although it advertises live chat on its website, the feature is constantly offline.

The Verdict
: 8.25/10

Merchant One is a good credit card processing service that offers comparable rates and can set up your account quickly.