Merchant aggregator is an entity that can run many transactions through a single merchant account, an opposite to the traditional account since you’re the sole owner.<\/p>\n
Preferred for a smaller business because its not intended as a long term scalable solution to accepting payments.<\/p>\n
For businesses that want to expand their processing needs, traditional merchant account will outgrow an aggregator, since the goal is for a business to grow, but it will always come to what’s best for individual business.<\/p>\n
While you have the pros of quick application process and instant approval there are a lot of cons to check before getting an aggregator account.<\/p>\n
CONS of an aggregator account:<\/strong><\/p>\n CUSTOMER SERVICE <\/strong>\u2013 aggregators are hard to get hold of.<\/p>\n FEES <\/strong>\u2013 fixed fees .<\/p>\n FREQUENT HOLDS and DELAY OF FUNDS \u2013 <\/strong>aggregators hold funds 24-48 hours before depositing, while longer holds occur 30 days.<\/p>\n LOWER LIMITS \u2013 <\/strong>processing limits lower, annual limit of $100k.<\/p>\n PROS of a Traditional Account:<\/strong><\/p>\n CUSTOMER SERVICE<\/strong> – 24\/7 technical support.<\/p>\n FUNDS<\/strong> – next day funding, no frequent account holds.<\/p>\n FEES<\/strong> \u2013 tailored to your business needs.<\/p>\n LIMITS<\/strong> – varies by financial strength and business<\/p>\n For more information in setting up an account with NTC give us a call at 888-996-2273 or go to www.nationaltransaction.com <\/a><\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Merchant aggregator is an entity that can run many transactions through a single merchant account, an opposite to the traditional<\/p>\n