Yevgeny

Banking has now officially become synonymous with desperation and lack of creativity. What was once saved for accountants in the backroom has splurged into the face of consumers. Once the "idea well" of ingenious ways to earn an extra-buck or two dries out big banks look to corporate tax-breaks. But what happens when supplementary hidden fees and costs just don't cut it? Apparently, this. Interestingly enough, BOA announced these plans with the concurrent release of "_% cash back on all debit card purchases"...coincidence?

I would have to agree; a plethora of headaches are to be expected when dealing with merchant accounts. Monthly fees coupled with compliance issues and constant intervention make for extra work. Relying on merchants is like relying on your local broker. Nonetheless, certain merchant accounts will allow you to escape with fees almost a full point less than Stripe. Not to mention, the 7-day rolling period can seriously impact operations pending your specific business structure. I for one am curious to learn more about how Stripe can customize payment flows...