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Since a merchant account is in many ways like receiving credit from a bank, merchants need to get approved. This is a fairly simple and quick process and, since Capital Bankcard works with many providers, 99% of merchants can get approved. The type of account a merchant should get, and associated costs, depend on factors such as: 
There are various fees associated with having a merchant account. These change slightly depending on the factors above, but all merchant accounts have 2 main costs related to individual transactions: Discount Rates: Most commonly, card sales are classified into qualification levels and charged a discounted percentage rate associated with that qualification. Transaction or Authorization Fee: This fee is charged for each electronic authorization request and transaction made. 
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