I’m sure you’re wondering how to transfer money from your credit card account to a merchant account? You are not alone. Millions of people want to get rid of their credit card debt but don’t have the cash available. They are looking for a way to transfer their credit card debt to a new account.
This is a huge mistake because it means they are carrying high balances on their credit card accounts. Credit cards are wonderful tools to have. The problem is people make the mistake of using them for convenience and forget about the fact that they carry such a large amount of debt. It is an unwise choice and an even wiser decision to get out of your credit card debt quickly.
How can you transfer your debt to a merchant account without owing money to them? What is the quickest way to do this? This is the question you want answered.
Some credit card companies allow you to transfer the balance to a new merchant account. Others do not let you transfer the balance, they make you pay the higher interest rate in order to access the funds.
Here’s the best way to get rid of your high interest credit card debt: If you have a merchant account then you can transfer your account to another one without having to pay the higher interest rate. The majority of credit card companies offer a money transfer fee that you can avoid by transferring your account to a new merchant account. In some cases you can pay as little as three percent.
Find a site that will compare several merchant sites and match them against each other. I use pay.com because they have a very simple comparison of different rates for each type of merchant account.
I can find all the information I need at the pay.com site, which shows me exactly how much the various money transfer sites charge me to transfer my balance. I can choose the lowest interest rate. The lowest rate may be higher than some of the other rates. You’ll know if the money transfer site you are going to be offering the lowest rate.
If the rates are lower, you’ll be able to save money on the transaction. The money transfer site is all yours, you can transfer your balance and choose the best rate for you.
With this service you do not have to worry about the money transfer site you’re using, they can assure you are receiving the best rate. If you transfer to a money transfer site where the fees are the highest you will lose money.
Your bank or the PayPal money transfer link you are using to transfer your balance is safe with a good money transfer site. Their security is outstanding and you will never get charged higher fees.
This is the money transfer trick that will help you transfer your account from one place to another without paying the money transfer company the higher transfer fees. When I do this I also pay additional interest on the money I was going to transfer. But all that work is worth it because I can use the money to pay off the debt.
Don’t wait until you are under a mountain of debt before you start learning how to transfer money. It is too late to get a card today and you should start now.