Here’s the ugly truth: Because there are so many different rates and fees involved in having a merchant account, some businesses end up paying more than they expected.

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Tags: credit card processing, fees, hidden fees, merchant processing, NewtPay

Great news for retailers who sell their products online: according to Master Card advisors, even during a recession, online sales were up 15% over last year. The largest increases were in electronics, jewelry, footwear, and men’s apparel.

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Tags: credit card processing, ecommerce, gateway, marketing, Newtek, online store, shopping cart software, SSL