Best merchant account?

[Carla_B]

Hi,

I am opening a small sweetie shop as a sole trader, and was looking for a little advice on banking accounts.
I am hoping to be able to use a personal account rather than a business account to avoid fees (I will open a personal account just for the business), and was wondering if I could still get a merchant account to put the money into a personal account?

After researching many quotes etc, I am still a little unsure as to what the most competitive merchant account on the market right now is. Any suggestions?

Thanks
Carla

 

[Edith@TerraNetwork]

I've got a merchant account with HSBC and they insist on a separate business account. I got several quotes a few years back, and HSBC was the cheapest back then, but things may have changed.

You say you have received quotes, is there any bank that stands out? Your merchant account is your business partner, so also consider ease of doing business with them. For me, HSBC works very well as I've got all my banking with them.

 

[Nochexman]

Hi Carla, and welcome to the forum. Is your shop a real bricks-and-mortar one or are you online only?