Do you want to accept credit cards in your business? 

If the answer is yes, then you need a merchant account. The next question is: do you have a hobby, or a business?

If the answer is a hobby, then you may want to look at a service like paypal, square, stripe, or sumUP. These services can create a submerchant account for you, and you can process credit card payments while paying no monthly fees.

If your answer is a business, then you'll want your own dedicated merchant account. In the previous blog, I highlighted the 4 different places you can obtain a merchant account.

Here are a few benefits of having your own account:

1. 24/7 support
2. Dedicated account rep
3. Get paid quickly, and regularly as you scale. Submerchant accounts are notorious for with-holding funds.

Check out the next post in this series on Who Has The Lowest Processing Fees?