I talked with a “Well Known” photographer around June of 2009. We talked about what I could offer as far as rates. For many photographers cost plus pricing can be a little more compilicated, but once you understand it, it becomes obvious why we offer this kind of pricing. You get a much better deal! This photographer was promised one rate flat. You cant get any easier to understand 1 rate, but the fact is they were lied to. There is more than 1 rate. This photographer unfortunately took this processor at his word and was lied to. The problem is they are now locked into a 3 year agreement with the processor and are paying in many instances double. It happens a lot because many credit card processing company’s lie to get the deal.
If you see any of the following you might want to read more:
1. Contracts- If a processor is giving you a good deal on rates they wont have you sign a contract. They know you will stay around when you get great customer service and the best rates.
2. Monthly Minimum Charges- Processors know smaller/home based business may have months where they do not charge the minimum amount. They then have a fee for not reaching it that is charged to you.
3. Cancellation Fee- Many processors have a 250-500 dollar cancellation fee to dissuade you from leaving
Photography Merchant Systems charges has No Contracts, No Cancellation Fee, and No Monthly Minimums.