About Payment Solutions
CASH ONLY merchants limit the amount of business that they can do. Few people carry cash only today.
If you accept cash you need to exercise care against mistakes and fraud. The same is true when you accept checks and credit cards. We can help you set up a program to enable you to accept payments in as many forms as your business needs in order for you to prosper!
MOTO
Mail and telephone orders have something in common: the customer is not present at the time of the transaction.
These transactions have a higher possibility of error and fraud because the information regarding the payment is being transmitted by voice, facsimile or mail.
Procedures have been established that reduce the risk of error or fraud. Adhering to these procedures will reduce your exposure to fraud and actually lower your cost of payment processing.
In reality the difference in fees charged to a card present and a card not present transaction is small. A $100.00 transaction may cost only $0.31 more if it is key entered versus being a swiped transaction.
Make sure that you are not being overcharged for these transactions.
Follow our links to Visa and MasterCard’s websites to see the lower fees that are available for card not present transactions.
On Line Merchant Accounts
We have seen that in MOTO transactions the cardholder is not present. In On Line transactions, the merchant is not present. The cardholder initiates the transaction by giving his payment information to a website.
There are procedures that need to be followed to protect the cardholder’s identity and guard against fraud.
Contact us for detailed information on this topic.
Retail Merchant Accounts
One size does not fit all. One Retail Merchant may process many transactions a day adding up to hundreds of dollars. Another retail merchant may process few transactions daily, but each one is for hundreds or even thousands of dollars.
The card brands often have incentives in place for certain industries that fall inside the scope of Retail Merchants.
Please contact us for more detailed information that will help you to take advantage of the best pricing available to you.
Restaurant Merchant Accounts
Special pricing exists for restaurants. Your restaurant must be set up correctly in order to take advantage of the best plan for you. Factors involved include whether you have a wait staff and whether the customer orders and pays for his food at a counter.
Ask us about how to handle tips, deliveries, small tickets, bar tabs, and even outside tables.
Wireless Merchant Accounts
A wireless terminal can allow you to get “swiped” or card present rates on delivery transactions as well as at remote locations.
Towing Operators, Appliance Repair and other industries are turning to wireless terminals to facilitate payments and lower the cost of accepting payments.
Please call us to see how we can assist your business with a wireless terminal!
Petroleum
Independent gas stations can take advantage of many programs from the card brands. From pay at the pump to “pay inside”. Call us to see what solution is best for you.
Utilities
Visa, MasterCard and Discover have programs for Utility Merchants. . The definition of a Utility is: “Merchants (who) provide the generation, transmission and/or distribution of electric, or gas power, or other utility type services on an ongoing basis. This MCC also includes merchants providing water supply system services and merchants primarily engaged in the collection and disposal of refuse.”
Speak with us to see if you can qualify for this program. The savings are dramatic.
Follow our links to Visa and MasterCard’s websites to see the lower fees that are available for utility merchants.
Emerging Markets
This does not refer to the Third World! Visa and MasterCard, as well as the other card brands are looking to expand their market places. New markets include cable, satellite and pay tv and radio companies as well as courts and even lawyers.
