Sales are the lifeblood of any small business. If you can t close the deal and get customers to buy, your business won t last very long.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Sales are the lifeblood of any small business. If you can t close the deal and get customers to buy, your business won t last very long."

Transcription

1

2 1 Sales are the lifeblood of any small business. If you can t close the deal and get customers to buy, your business won t last very long. That s really all there is to it. So doesn t it just make sense to give your customers as many options as possible for buying from you? If you re not accepting credit cards, you re putting unnecessary obstacles in your customers way. And guess what? They aren t going to take the time to go around those obstacles so they can buy from you. Instead, they ll take their business elsewhere, to one of your competitors who does accept credit card payments. It s the 21st century, and it s time for your business to start accepting credit card payments. Consumers expect it, and you don t want to disappoint them. Of course, you might have some questions and concerns about getting your business set up to accept credit cards. Don t worry. In this guide, you re going to discover everything your small business needs to know about accepting credit card payments.

3 2 TABLE OF CONTENTS 3 10 Important Statistics on Credit Card Payments 4 Choosing the Right Payment Processing Company 5 A Quick Look at the Latest Credit Card Processing Technology 6 How to Reduce Your Merchant Fees 7 How Veritrans Can Help Your Small Business Accept Credit Card Payments

4 3 10 IMPORTANT STATISTICS ON CREDIT CARD PAYMENTS Still not convinced that your small business needs to accept credit cards? We understand your skepticism, but the numbers just don t lie. Consumers love using credit and debit cards. Here are 10 key statistics you should really consider million American households have at least one credit card 2. 80% of all American households have at least one credit card million cardholders in the U.S. (2008) 4. There are million credit cards held by U.S. consumers 5. The average cardholding family has 3-4 credit cards 6. There are 507 million debit cards in use in the U.S. 7. About 60% of consumers have a rewards credit card 8. The number of credit and debit card holders continues to increase significantly each year 9. In 2007, 97% of consumers said they had used a credit card in the past year 10. In 2008, 72% of consumers said they had used a debit card in the past year The simple truth is consumers are using plastic more and cash and checks less. Credit and debit card usage continues to increase on a yearly basis, so it s important that you get your business setup now to start accepting plastic.

5 4 CHOOSING THE RIGHT PAYMENT PROCESSING COMPANY If you re starting to get serious about creating a merchant account to accept credit card payments, the first thing you need to do is choose a payment processing company that can get you set up for business. At first glance, all payment processing companies might seem pretty much the same, but the reality is that the quality of service and fees vary greatly from one payment processing company to another. How can you be sure that you choose the right company to set your business up for success? Here are some simple tips to help you out. Check the rates Pricing varies greatly from one payment processing company to the next. It s important to make sure that you re getting the lowest rates possible so that you re not overspending each month, cutting into your profits. Choose a payment processing company that offers guaranteed low rates, so you can be certain you re getting a good rate. Be on the lookout for hidden fees Some payment processing companies surprise you with application fees, setup fees, and cancellation fees should you decide to cancel their service. Veritrans has no hidden fees, helping you save money the entire time you re with us. Never underestimate the importance of good customer service Payment processing technology has come a long way in recent years. These days, you can even accept credit card payments on your iphone. Make sure the payment processing company you choose offers the latest, most effective technology. What equipment do the offer? Customer service is an incredibly important asset to consider when choosing your payment processing service provider. Just think about it. What if your payment processing system isn t working properly or you just have an important question you need answered? You d better be sure you have a payment processing company that offers topof-the-line customer service when you need it most. Read the fine print Some companies try to lock you into lengthy contracts that are difficult to break. Before you sign up for anything, make sure you read the fine print and know exactly what you re getting into. Never rush into an agreement with a payment processing company. Yes, it s important that you get your small business setup to accept credit card payments as soon as possible, but if you choose the wrong service, your business could end up worse off in the long run.

6 5 A QUICK LOOK AT THE LATEST CREDIT CARD PROCESSING TECHNOLOGY If this is your first time to look into credit card processing for your small business, you might be surprised to discover just how sophisticated the technology and equipment are. Here s a quick look at some of the credit card processing equipment you ll have to choose from. Point of Sale (POS) Systems POS systems are complete computer systems commonly used in restaurant and retail settings. The systems often include a monitor, credit card swiping device, keyboard, receipt printer, and computer tower. They re popular because they improve productivity, making it easy to ring customers up quickly and accurately. Stand-alone Terminals Stand-alone terminals are smaller credit card processing machinery The small, self-contained units typically have a credit card swiping device, keypad, small screen, and quick printer all built into the device. Wireless/WiFi Systems Wireless payment processing systems are ideal for mobile merchants who are always on the go. They re typically small and very portable. They connect wirelessly to the internet to quickly and securely transmit credit card transactions, giving your business the ability to accept payments almost anywhere you go. Virtual terminals With a virtual terminal, your business will save counter space and eliminate the need for other credit card processing equipment. Virtual terminals let you accept credit cards using your desktop computer or laptop. Now, there are even terminals that let you accept payments from your iphone! With so much different credit card processing equipment available for you to choose from, it can be difficult to find the system that s right for you. That s why it s so important that you choose an experienced, knowledgeable payment processing company that will listen to your needs and match you with the system that best fits your business.

7 6 HOW TO REDUCE YOUR MERCHANT FEES As a merchant, you want the best possible payment processing service at the lowest price. Use these simple tips to reduce merchant fees and ensure you re getting a great value on your service. Verify the company is reputable Above all else, you have to make sure you re doing business with a reputable company. You can learn a lot about a company with a simple Google search. You should also research the company on websites like Ripoffreport.com and Complaints.com to see what customers have to say about them. Know what you re signing Don t just blindly sign a contract and assume you re getting a payment processing solution that fits your needs. Read before signing. Are you agreeing to a long-term contract that penalizes you for early cancellation? Are you agreeing to variable rates that could increase several times while you re stuck in your contract? Are you agreeing to a contract that automatically renews without you being notified? These are things you have to look out for before you sign your agreement. Simply being aware and taking the time to read everything before signing could save you thousands. Choose the right pricing method for your business There are many different pricing plans available for merchants. Most companies offer Interchange Plus Pricing, or pass thru, to their merchants. This means that as a business owner you re going to be paying the wholesale price preprocessing that particular credit or debit card plus a fixed markup per transaction. This usually consists of a set transaction fee and or percentage added to each sale. Although more difficult to understand for a new merchant than some of the other pricing methods available, it is normally the most cost-effective. Process your cards correctly Did you know that swiping a credit card gives you a lower rate and better security than typing in the numbers manually? If you are entering a card, make sure that your credit card terminal or virtual terminal is set up to prompt for the address, zip code and CVV2 number(the three digit number on the back of the card) to achieve the lowest rate. Make sure that all transactions are settled or batched out within a 24-hour period to avoid downgrade surcharges. If you are primarily selling to businesses or government entities, consider using software that will allow you to capture additional data such as tax, invoice, and shipping information to achieve the lowest rates. Stay compliant As a merchant, you re required to comply with the Payment Card Industry Data Security Standards set forth by the industry. Information can be found about this subject at PCIsecuritystandards.org. To summarize, all businesses must complete an annual self-

8 7 assessment questionnaire. If you process payments online, you have to pass quarterly scans to stay compliant. Why is this important? If you re noncompliant, your payment processing company may charge additional fees each month. Look for hidden fees Many merchants pay a range of fees that they don t even understand. That s because payment processing companies have to pay a fee each month to have your account open, so they try to pass the costs down to you. However, if you re processing a larger volume of transactions, you should expect to pay a smaller fee or no monthly fee at all. There is also a cost associated with providing the merchant the services required to become PCI compliant, and this fee gets passed on down to the merchant. Some processors markup this legitimate expense to generate extra profits. If the merchant is paying over one hundred dollars a year for PCI compliance, they may want to start asking some questions. Batch fees, debit access fees, monthly versus daily discount fees, and high-volume monthly fees may all be negotiable. HOW VERITRANS CAN HELP YOUR SMALL BUSINESS ACCEPT CREDIT CARD PAYMENTS Are you ready to take the first step to accepting credit card payments for your small business? Let Veritrans help. At Veritrans, we understand that every business is different. What works for one business, might not work for another. That s why we take the time to listen to your needs and learn about your business, so we can match you with an affordable credit card processing package that fits your business just right. We re always looking for ways to help your business save money on payment processing. We offer a risk-free consultation, so you can learn more about how we can help your business thrive. Click here to schedule your FREE consultation today!

Credit Card Processing 101

Credit Card Processing 101 Credit Card Processing 101 Customers have come to expect credit cards as a payment option. With ATM fees continuing to rise, some consumers may even exclusively choose to take their purchasing power to

More information

The Comprehensive, Yet Concise Guide to Credit Card Processing

The Comprehensive, Yet Concise Guide to Credit Card Processing The Comprehensive, Yet Concise Guide to Credit Card Processing Written by David Rodwell CreditCardProcessing.net Terms of Use This ebook was created to provide educational information regarding payment

More information

Choosing the Right Merchant Account Provider. 5 Essential Factors Every Business Owner Must Understand Before Choosing a Payment Processing Provider

Choosing the Right Merchant Account Provider. 5 Essential Factors Every Business Owner Must Understand Before Choosing a Payment Processing Provider Choosing the Right Merchant Account Provider 5 Essential Factors Every Business Owner Must Understand Before Choosing a Payment Processing Provider 5 Essential Factors Starting to accept credit cards at

More information

The Science of Credit Card Processing

The Science of Credit Card Processing The Science of Credit Card Processing Page 1 Credit Card Processing How does credit card processing work? You may receive credit card payments from customers from a variety of sources. You may swipe their

More information

THE ABC s of Credit Card Processing

THE ABC s of Credit Card Processing THE ABC s of Credit Card Processing 1 Page Credit Card Processing As you well know, the fee s you pay to process credit card transactions represents a large portion of your monthly overhead. At AMG Payment

More information

PAYMENT PROCESSING Do you truly understand? A Payment Processing Primer

PAYMENT PROCESSING Do you truly understand? A Payment Processing Primer PAYMENT PROCESSING Do you truly understand? A Payment Processing Primer For a business owner, payment processing is one of those aspects of the business that you shouldn t have to worry about. It s not

More information

COMMERCE. Authored by Michael Mendlowitz PAYMENT SYSTEMS

COMMERCE. Authored by Michael Mendlowitz PAYMENT SYSTEMS COMMERCE PAYMENT SYSTEMS Authored by Michael Mendlowitz CommercePaymentSystems 1465 Broadway Hewlett NY 11557 USA www.commercepaymentsystems.com 1.866.999.4622 Introduction I am sure that when you spent

More information

How Online Payments Really Work

How Online Payments Really Work Insights for Businesses How Online Payments Really Work If you re thinking about setting up an online store, you re in good company. Shoppers are increasingly turning to online options, as their access

More information

Cost-management strategies. Your guide to accepting card payments cost-effectively

Cost-management strategies. Your guide to accepting card payments cost-effectively Cost-management strategies Your guide to accepting card payments cost-effectively Table of Contents Guidance from Wells Fargo Merchant Services...3 The secret to better interchange rates...4 Why interchange

More information

THE TOP 10 MERCHANT ACCOUNT MISTAKES

THE TOP 10 MERCHANT ACCOUNT MISTAKES THE TOP 10 MERCHANT ACCOUNT MISTAKES EACH YEAR BUSINESSES LOSE MILLIONS OF DOLLARS ON 10 COMMON MISTAKES Authored by: Brian K Roemmele Version III 1 S T A M E R I C A N C A R D S E R V I C E Research Reports

More information

Finding the Best Merchant Service Program in Prince George

Finding the Best Merchant Service Program in Prince George Finding the Best Merchant Service Program in Prince George Getting paid for your products or services is critical to your success in business. You want to make as much profit as possible so you DO NOT

More information

CREDIT CARD PROCESSING MADE SIMPLE

CREDIT CARD PROCESSING MADE SIMPLE CREDIT CARD PROCESSING MADE SIMPLE I m the Life Preserver for your Cash Flow. Jared Sparr 888-907-6881 Jared@jps-us.com Java Payment Services 2 Legal Disclaimer All contents copyrighted 2012 by Jared Sparr

More information

TABLE OF CONTENTS. A Merchant Service by Any Other Name. AAmonte, Inc. is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA.

TABLE OF CONTENTS. A Merchant Service by Any Other Name. AAmonte, Inc. is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. TABLE OF CONTENTS Beware of Merchant Services Pg.1 Managing Payment Processing Costs Pg.2 Credit Card Surcharges Pg.3 Stopping Fraud Pg.4 Dishonest Merchant Services Pg.4 Credit Card Decliines Pg.5 Knowing

More information

Table of Contents. How will the Durbin Amendment Effect My Business?... 12. Teso Merchant Consultants 2011

Table of Contents. How will the Durbin Amendment Effect My Business?... 12. Teso Merchant Consultants 2011 Ripped Off The inside secrets about how the banks rip your business off on your credit card processing and the steps you can take to protect your business. Table of Contents Introduction...3 The Top Processing

More information

What is Interchange. How Complex is Interchange?

What is Interchange. How Complex is Interchange? What is Interchange The foundation of the entire Bankcard Processing industry s cost structure. Interchange is the wholesale price, charged by Card Issuing Bank, for Authorization and Settlement of a credit

More information

Credit Card Processing Buyer's Guide By the purchasing experts at BuyerZone

Credit Card Processing Buyer's Guide By the purchasing experts at BuyerZone Introduction When Western Union first gave charge cards to their best customers in 1914, no one would have guessed that over $2.56 trillion would be charged in the U.S. alone in 2008. As ubiquitous as

More information

CREDIT CARD PROCESSING GLOSSARY OF TERMS

CREDIT CARD PROCESSING GLOSSARY OF TERMS CREDIT CARD PROCESSING GLOSSARY OF TERMS 3DES A highly secure encryption system that encrypts data 3 times, using 3 64-bit keys, for an overall encryption key length of 192 bits. Also called triple DES.

More information

Payment Processing considerations to comply with IRS and PCI-DSS regulations and policies

Payment Processing considerations to comply with IRS and PCI-DSS regulations and policies itransact Presents Payment Processing considerations to comply with IRS and PCI-DSS regulations and policies Learning Objectives At the end of this course you will be able to: Prepare for IRS 6050w and

More information

FREE Retail Management software offer enclosed

FREE Retail Management software offer enclosed PRESORTED STANDARD U.S. POSTAGE PAID INTUIT, INC. 85706 FREE Retail Management software offer enclosed SPECIAL OFFER CODE: xxxxxxxxxx Mr. Long Longlastname LongBusinessName Address One Address Two City,

More information

The Definitive Guide to Credit Card Surcharging

The Definitive Guide to Credit Card Surcharging The Definitive Guide to Credit Card Surcharging (for Merchants) Merchant surcharging made easy. American merchants pay the highest merchant fees in the world, fees that are many times higher than the fees

More information

Office Relocation Planner Guide to Credit Card Processing

Office Relocation Planner Guide to Credit Card Processing Office Relocation Planner Guide to Credit Card Processing Introduction The world of merchant services can be confusing, especially for businesses who have never accepted credit cards for payment before.

More information

Merchant Card Processing Best Practices

Merchant Card Processing Best Practices Merchant Card Processing Best Practices Background: The major credit card companies (VISA, MasterCard, Discover, and American Express) have published a uniform set of data security standards that ALL merchants

More information

Sage Payment Solutions

Sage Payment Solutions Sage Payment Solutions Mobile Payments for Business The What, Why, and How 2 SAGE PAYMENT SOLUTIONS The Basics Why does a business need mobile payments? Mobile technologies can provide incredible value,

More information

Standards for Business Processes, Paper and Electronic Processing

Standards for Business Processes, Paper and Electronic Processing Payment Card Acceptance Information and Procedure Guide (for publication on the Treasury Webpages) A companion guide to University policy 6120, Payment Card Acceptance Standards for Business Processes,

More information

The 6 Most Popular Ways To Call Home When Traveling

The 6 Most Popular Ways To Call Home When Traveling The 6 Most Popular Ways To Call Home When Traveling Can you afford to make the wrong choice? If you travel abroad, you will know that it can be frustrating trying keeping in touch with friends, family

More information

CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb

CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb Topic Page Chart of Accounts 3 Creating a Batch Manually 8 Closing a Batch Manually 11 Cancellation Fees 17 Check Refunds 19

More information

Our 24 tips to get you trading online in 24 hours

Our 24 tips to get you trading online in 24 hours Our 24 tips to get you trading online in 24 hours With e-commerce growing by 14% this year in the UK and online shopping figures at an all time high, there has never been a better time to set your business

More information

This page intentionally left blank

This page intentionally left blank This page intentionally left blank START YOUR MERCHANT SERVICES ACCOUNT By Wendy Byford The ebook companion to the elearning module Start Your Merchant Services Account with Wendy Byford & Gary Bauer Start

More information

Tiered Pricing, Interchange Differential, Interchange Plus...What s the difference and how does it affect me?

Tiered Pricing, Interchange Differential, Interchange Plus...What s the difference and how does it affect me? Tiered Pricing, Interchange Differential, Interchange Plus...What s the difference and how does it affect me? Introduction Explanation of Interchange Tier (Bucket) pricing versus Interchange PLUS" (referred

More information

and Franchise Packet Payment Processing Overview

and Franchise Packet Payment Processing Overview and Franchise Packet Payment Processing Overview Welcome Dear Marco s Pizza Franchisee, You have many choices of payment processing service providers. How do you choose the one you can trust with such

More information

Partner Program Proposal

Partner Program Proposal Partner Program Proposal YOUR PARTNER. YOUR SAVINGS. YOUR WAY Host Merchant Services will partner with your business to provide complete credit card processing and financial transaction services solutions

More information

How Do I Understand Credit Card Processing Fees?

How Do I Understand Credit Card Processing Fees? How Do I Understand Credit Card Processing Fees? Credit card processing rates and fees are often misunderstood and confusing, so we are committed to helping you understand the various costs associated

More information

Credit Card Processing Secrets

Credit Card Processing Secrets Credit Card Processing Secrets What Your Credit Card Processer Doesn t Want You To Know, and How It Can Hurt You By Scott Bradley and John Hampton Business Owners and San Clemente Residents Copyright 2012

More information

The Small Business Heroes guide to taking card payments for retailers

The Small Business Heroes guide to taking card payments for retailers The Small Business Heroes guide to taking card payments for retailers Every retailer wants to make more money, and one of the easiest ways to do this is to start taking card payments. No matter how small

More information

Understanding Online Credit Card Payment Processing

Understanding Online Credit Card Payment Processing Understanding Online Credit Card Payment Processing Updated...March 2009 Understand supported SPOT credit card payment processing interface types; credit card rates, security, and PCI compliance; how to

More information

Interchange Plus Pricing. Bringing Transparency to Credit Card Processing Fees

Interchange Plus Pricing. Bringing Transparency to Credit Card Processing Fees Interchange Plus Pricing Bringing Transparency to Credit Card Processing Fees Industry Whitepaper by Marlon Harris, emerchant Inc. Most credit card processors simplify the complexity of interchange by

More information

FAQ s for Payment Card Processing at the University

FAQ s for Payment Card Processing at the University FAQ s for Payment Card Processing at the University 1) We are thinking about taking credit cards for payments. What do we need to know? 2) Who is the PCPC (Payment Card Process Coordinator)? 3) What is

More information

WASHINGTON STATE UNIVERSITY MERCHANT ACCOUNT AGREEMENT FOR UNIVERSITY DEPARTMENTS

WASHINGTON STATE UNIVERSITY MERCHANT ACCOUNT AGREEMENT FOR UNIVERSITY DEPARTMENTS WASHINGTON STATE UNIVERSITY MERCHANT ACCOUNT AGREEMENT FOR UNIVERSITY DEPARTMENTS I. Introduction, Background and Purpose This Merchant Account Agreement (the Merchant Agreement or Agreement ) is entered

More information

Understanding (and Optimizing) Credit Card Fees

Understanding (and Optimizing) Credit Card Fees Understanding (and Optimizing) Credit Card Fees Did you know Visa, MasterCard, and Discover have their own interchange programs and combined there are over 300 levels of interchange? While that may seem

More information

Reliable, Low-Cost Credit Card Processing Since 1998

Reliable, Low-Cost Credit Card Processing Since 1998 Reliable, Low-Cost Credit Card Processing Since 1998 State-of-the-art credit card terminal Personal, expert customer service-24/7 No locked-in contracts or termination fees Lowest rates in the entire industry

More information

Payment Methods. The cost of doing business. Michelle Powell - BASYS Processing, Inc.

Payment Methods. The cost of doing business. Michelle Powell - BASYS Processing, Inc. Payment Methods The cost of doing business Michelle Powell - BASYS Processing, Inc. You ve got to spend money, to make money Major Industry Topics Industry Process Flow PCI DSS Compliance Risks of Non-Compliance

More information

Table of Contents The Market for Merchant Services... 1 The Basics of Payment Processing... 2 Authorization Settlement Funding... 2 Authorization...

Table of Contents The Market for Merchant Services... 1 The Basics of Payment Processing... 2 Authorization Settlement Funding... 2 Authorization... Table of Contents The Market for Merchant Services... 1 The Basics of Payment Processing... 2 Authorization Settlement Funding... 2 Authorization... 2 Settlement... 2 Funding... 2 Credit Card Processing

More information

ACN s Preferred Merchant Services Partner

ACN s Preferred Merchant Services Partner ACN s Preferred Merchant Services Partner Your Guide to Selling Merchant Services 1. Merchant Services 101 2. Engage Merchants 3. Submit Leads 4. Stay Involved 1. Merchant Services 101: What is Merchant

More information

Getting Started. Quick Reference Guide for Payment Processing

Getting Started. Quick Reference Guide for Payment Processing Getting Started Quick Reference Guide for Payment Processing In today s competitive landscape, you have many choices when it comes to selecting your payments provider, and we appreciate your business.

More information

Information Technology

Information Technology Credit Card Handling Security Standards Overview Information Technology This document is intended to provide guidance to merchants (colleges, departments, organizations or individuals) regarding the processing

More information

The Merchant. Skimming is No Laughing Matter. A hand held skimming device. These devices can easily be purchased online.

The Merchant. Skimming is No Laughing Matter. A hand held skimming device. These devices can easily be purchased online. 1 February 2010 Volume 2, Issue 1 The Merchant Serving Florida State University s Payment Card Community Individual Highlights: Skimming Scam 1 Skimming at Work 2 Safe at Home 3 Read your Statement 4 Useful

More information

1 Identify your goal. What is it that you want to buy. 2 Gather information. What are the terms of the credit

1 Identify your goal. What is it that you want to buy. 2 Gather information. What are the terms of the credit Be a Savvy Credit User About 40% of credit card holders carry individual balances of less than $1,000, while about 15% individually carry total card balances of more than $10,000. Forty-eight percent of

More information

Brought to you by: http://privatemailingclub.com http://adtroopers.com http://trafficcoupons.com

Brought to you by: http://privatemailingclub.com http://adtroopers.com http://trafficcoupons.com Brought to you by: http://privatemailingclub.com http://adtroopers.com http://trafficcoupons.com Do you ever have the feeling that there is something that other people know about making money online that

More information

Accepting Ecommerce Payments & Taking Online Transactions

Accepting Ecommerce Payments & Taking Online Transactions Accepting Ecommerce Payments & Taking Online Transactions Accepting credit and debit cards is mandatory for Ecommerce websites. This method is fast and efficient for you and your customers and with the

More information

Download at http://www.nfib.com/paymentquestions

Download at http://www.nfib.com/paymentquestions Payment Processing Best Practices: Tools, Tips and Resources to Save Time and Money Kathleen Ervin, Vice President of Marketing Ron Demmans, Director of Sales Administration Download at http://www.nfib.com/paymentquestions

More information

ReliantPay s Guide to Achieving Better Credit Card Processing Rates

ReliantPay s Guide to Achieving Better Credit Card Processing Rates s Guide to Achieving Better Credit Card Processing Rates 14280 Manchester Rd. St. Louis, MO 63011 (636) 220-7255 Table of Contents Manage Your Card Payment Process for Better Interchange Rates 3 Why Interchange

More information

Drastically lower your credit card processing fees! Use the secrets that credit card processors don't want you to know!

Drastically lower your credit card processing fees! Use the secrets that credit card processors don't want you to know! Drastically lower your credit card processing fees! Use the secrets that credit card processors don't want you to know! Preface Compare credit card processors instantly and save. Share the Wealth! Help

More information

Glossary ACH Acquirer Assessments: AVS Authorization Back End: Backbilling Basis Point Batch

Glossary ACH Acquirer Assessments: AVS Authorization Back End: Backbilling Basis Point Batch Glossary ACH: Automated Clearing House; an electronic payment network most commonly associated with payroll direct deposit, recurring payments, and is the network most commonly used to settle merchant

More information

npc npc NPC PCI Program Protecting Your Business from Card Data Breaches

npc npc NPC PCI Program Protecting Your Business from Card Data Breaches npc A Vantiv Company npc A Vantiv Company NPC PCI Program Protecting Your Business from Card Data Breaches For more information about the NPC PCI Program, please contact our dedicated PCI Specialty Team

More information

PCI Policies 2011. Appalachian State University

PCI Policies 2011. Appalachian State University PCI Policies 2011 Appalachian State University Table of Contents Section 1: State and Contractual Requirements Governing Campus Credit Cards A. Cash Collection Point Approval for Departments B. State Requirements

More information

Tech Valley QuickBooks PowerUsers Receiving Money Anywhere

Tech Valley QuickBooks PowerUsers Receiving Money Anywhere Tech Valley QuickBooks PowerUsers Receiving Money Anywhere Stop waiting in line at the bank! We have numerous options for receiving payments via credit cards, check scanning, web, phone, PDA and laptop.

More information

Redwood Merchant Services. Merchant Processing Terminology

Redwood Merchant Services. Merchant Processing Terminology ACH - Automated Clearing House for member banks to process electronic payments or withdrawals. (Credits or debits to a bank account) through the Federal Reserve Bank. Acquiring Bank - Licensed Visa/MasterCard

More information

10 Keys to Credit Card Processing

10 Keys to Credit Card Processing 10KeystoCreditCardProcessing Apracticalguideforallbusinessestolowertheircredit cardprocessingcosts [Type the document title] [Type the date] [Type the document title] [Type the date] TableofContents INTRODUCTION

More information

BUSINESS SOFTWARE SOLUTIONS. Processing Credits Cards In Business Plus Accounting

BUSINESS SOFTWARE SOLUTIONS. Processing Credits Cards In Business Plus Accounting BUSINESS SOFTWARE SOLUTIONS Processing Credits Cards In Business Plus Accounting Table of Contents Processing Credit Cards in the Restaurant System...4 Processing Credit Cards in Touch Screen POS...6 Processing

More information

Common Mistakes to Avoid When Selecting a Payment Processor

Common Mistakes to Avoid When Selecting a Payment Processor 7 Common Mistakes to Avoid When Selecting a Payment Processor Introduction Selecting a payment processor is one of the most important steps to getting paid online. But comparing solutions for accepting

More information

Interchange Optimization: Are you getting the best rate?

Interchange Optimization: Are you getting the best rate? 2012 Interchange Optimization: Are you getting the best rate? Northpark Town Center 1200 Abernathy Road, Suite 1700 Atlanta, Georgia 30328 (800) 846-1305 www.optimizedpmts.com There are many costs associated

More information

The Merchant s Guide To Achieving Better Interchange Rates

The Merchant s Guide To Achieving Better Interchange Rates The Merchant s Guide To Achieving Better Interchange Rates Wells Fargo Merchant Services 2007 Wells Fargo Merchant Services, L.L.C. All rights reserved. 04/07 Table of Contents Manage Your Card Payment

More information

Credit Card Processing Through ROI Solutions: Simpler, Secure & More Cost Effective

Credit Card Processing Through ROI Solutions: Simpler, Secure & More Cost Effective Credit Card Processing Through ROI Solutions: Simpler, Secure & More Cost Effective Why Should You Consider this? First, the Rules.. ROI Solutions is Certified PCI DSS Compliant. PCI DSS stands for Payment

More information

ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE

ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE Arvest Bank ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE The federal Electronic Fund Transfer Act and Regulation E require institutions to provide certain information to consumers regarding electronic

More information

TELLERThird Quarter 2015

TELLERThird Quarter 2015 the TELLERThird Quarter 2015 INSIDE 2 Tips to Protect Your Personal Account Information 3 Drive Happy off the Lot 4 Mobile Check Deposit is on the Way Student Loans Can Help Fill the Gap 5 Picture Your

More information

Getting ahead online. your guide to. GOL412_GBBO brochure_aw5.indd 1 10/2/10 10:10:01

Getting ahead online. your guide to. GOL412_GBBO brochure_aw5.indd 1 10/2/10 10:10:01 1 Getting ahead online your guide to GOL412_GBBO brochure_aw5.indd 1 10/2/10 10:10:01 2 Welcome to Getting British Business Online Whether you re totally new to the Internet or already have a website,

More information

IMS Brilliant Payment Solutions INTUIT PAYMENT SOLUTIONS

IMS Brilliant Payment Solutions INTUIT PAYMENT SOLUTIONS IMS Brilliant Payment Solutions INTUIT PAYMENT SOLUTIONS HOME FASHION U February 18, 2011 1 AGENDA HISTORY OF CREDIT CARDS TERMINOLOGY TEN BENEFITS TO ACCEPTING CC PROS AND CONS SELECTION OF MERCHANT SERVICE

More information

Payment Card Industry Data Security Standard

Payment Card Industry Data Security Standard Payment Card Industry Data Security Standard Office of the State Treasurer Ryan Pitroff Banking Services Manager Ryan.Pitroff@tre.wa.gov PCI-DSS A common set of industry tools and measurements to help

More information

Merchant Services Tool Kit TEXPO 2013

Merchant Services Tool Kit TEXPO 2013 Merchant Services Tool Kit TEXPO 2013 Surcharges Visa Information Website Site Preview and PDF s: www.visa.com/merchantsurcharging Materials Notification of Intent to Surcharge Merchants who choose to

More information

Hospitality Cloud+Plus. How Technology Can Benefit Your Hotel LIMOTTA IT. LIMOTTAIT.com/hospitality 888 884 6278

Hospitality Cloud+Plus. How Technology Can Benefit Your Hotel LIMOTTA IT. LIMOTTAIT.com/hospitality 888 884 6278 Hospitality Cloud+Plus How Technology Can Benefit Your Hotel LIMOTTA IT LIMOTTAIT.com/hospitality 888 884 6278 Content + + About Us PCI Compliance + Virtualization + + + Unified Technology Single Sign

More information

Online Payment Processing What You Need to Know. PayPal Business Guide

Online Payment Processing What You Need to Know. PayPal Business Guide Online Payment Processing What You Need to Know PayPal Business Guide PayPal Business Guide Online Payment Processing 2006 PayPal, Inc. All rights reserved. PayPal, Payflow, and the PayPal logo are registered

More information

Travel agents guide to SMS messaging. How to use SMS messaging for marketing, booking, and customer support

Travel agents guide to SMS messaging. How to use SMS messaging for marketing, booking, and customer support Travel agents guide to SMS messaging How to use SMS messaging for marketing, booking, and customer support Why should you use SMS messaging? When was the last time you didn t have your mobile? Chances

More information

Credit/Debit Card Processing Requirements and Best Practices. Adele Honeyman Oregon State Treasury Training Specialist

Credit/Debit Card Processing Requirements and Best Practices. Adele Honeyman Oregon State Treasury Training Specialist Credit/Debit Card Processing Requirements and Best Practices Adele Honeyman Oregon State Treasury Training Specialist 1 What? What do I need to know about excepting credit cards? Who s involved, how it

More information

Credit Card Processing. Processing Credit Cards STX & First Data Merchant Account

Credit Card Processing. Processing Credit Cards STX & First Data Merchant Account Credit Card Processing Processing Credit Cards STX & First Data Merchant Account STX can process credit cards and debit cards directly through the program, with the help of a high-speed Internet connection.

More information

Mistake #1: Assuming that lowest rate means lowest overall cost.

Mistake #1: Assuming that lowest rate means lowest overall cost. Introduction Congratulations you ve selected a top-notch e-commerce website solution. But you re not done yet. In fact, the next choice you make will be one of the most important in the process of setting

More information

SECTION 509: Payment Card and Electronic Funds Transfer (EFT) Procedures

SECTION 509: Payment Card and Electronic Funds Transfer (EFT) Procedures Page 1 SECTION 509: Payment Card and Electronic Funds Transfer (EFT) Procedures SOURCE: NDSU President NDSU VP for Finance and Administration NDSU VP for Information Technology It is the University s responsibility

More information

PCI General Policy. Effective Date: August 2008. Approval: December 17, 2015. Maintenance of Policy: Office of Student Accounts REFERENCE DOCUMENTS:

PCI General Policy. Effective Date: August 2008. Approval: December 17, 2015. Maintenance of Policy: Office of Student Accounts REFERENCE DOCUMENTS: Effective Date: August 2008 Approval: December 17, 2015 PCI General Policy Maintenance of Policy: Office of Student Accounts PURPOSE: To protect against the exposure and possible theft of account and personal

More information

Mortgage Secrets. What the banks don t want you to know.

Mortgage Secrets. What the banks don t want you to know. Mortgage Secrets What the banks don t want you to know. Copyright Notice: Copyright 2006 - All Rights Reserved Contents may not be shared or transmitted in any form, so don t even think about it. Trust

More information

*DD8108* ELECTRONIC FUND TRANSFER DISCLOSURE

*DD8108* ELECTRONIC FUND TRANSFER DISCLOSURE ELECTRONIC FUND TRANSFER DISCLOSURE For purposes of this disclosure the terms "we", "us" and "our" refer to Central National Bank. The terms "you" and "your" refer to the recipient of this disclosure.

More information

Pulaski Bank. www.pulaskibankstl.com. Electronic Funds Transfer ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE

Pulaski Bank. www.pulaskibankstl.com. Electronic Funds Transfer ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE www.pulaskibankstl.com Electronic Funds Transfer ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE For purposes of this disclosure and agreement the terms "we", "us" and "our" refer to. The terms "you"

More information

10 Reasons TO TRY QUICKBOOKS POINT OF SALE

10 Reasons TO TRY QUICKBOOKS POINT OF SALE 10 Reasons TO TRY QUICKBOOKS POINT OF SALE 10 Reasons TO TRY QUICKBOOKS POINT OF SALE 1. Ring up sales quickly and accurately.............3 2. Works seamlessly with your QuickBooks financial software*..................4

More information

ANZ EFTPOS card and ANZ Visa Debit card

ANZ EFTPOS card and ANZ Visa Debit card ANZ EFTPOS card and ANZ Visa Debit card Conditions of Use Where to find things in this document What you need to know about these Conditions of Use...1 How to contact us...1 A glossary of the terms we

More information

Anytime Adviser New Car Buying Coach

Anytime Adviser New Car Buying Coach Anytime Adviser New Car Buying Coach Welcome. This interactive guide offers you strategies for getting the best deal on a new car. Let's begin. Interested in a little guidance to negotiate your best deal

More information

STOP OVERPAYING FOR CREDIT CARD PROCESSING

STOP OVERPAYING FOR CREDIT CARD PROCESSING STOP OVERPAYING FOR CREDIT CARD PROCESSING (Four easy steps to lower your processing costs) Table of Contents Page 1 Table of Contents Page 2 Purpose of This Handout Introduction to 4-steps to lowering

More information

McGill Merchant Manual

McGill Merchant Manual McGill Merchant Manual The McGill Merchant Manual is a complementary document to the Merchant (PCI) Policy and Procedures and serves to aid Merchants in ensuring their operations comply with Payment Card

More information

Introducing the Credit Card

Introducing the Credit Card Introducing the Credit Card This program was designed with high school students in mind. It goes over everything you need to know before you get your first credit card so you can manage it wisely.» Key

More information

SELLER METRICS Effective October 2013

SELLER METRICS Effective October 2013 SELLER METRICS Effective October 2013 TICKET SELLER METRICS What are Seller s? Bottom Line: Better Brokering = Lower Fees! TicketNetwork s Seller s is a set of measurements used to determine the fee that

More information

Credit & Debit Application

Credit & Debit Application USER MANUAL ALL TERMINAL PRODUCTS Credit & Debit Application Magic Models: C5, X5, X8, M3, M8 V Series Models: V5, V8, V9, V8 Plus, V9 Plus 1 Dejavoo Systems Instruction Manual V429.12 Instruction Manual

More information

Contents Error! Bookmark not defined.

Contents Error! Bookmark not defined. PayFox User Guide Contents Table of Contents... Error! Bookmark not defined. Product Overview... 3 Peripheral Devices... 3 Product Features and Functionality... 4 Account Activation Programming Enablement...

More information

First Citizens' Federal Credit Union 200 Mill Road, Suite 100 PO Box 270 Fairhaven, MA 02719 508-999-1341 www.firstcitizens.org

First Citizens' Federal Credit Union 200 Mill Road, Suite 100 PO Box 270 Fairhaven, MA 02719 508-999-1341 www.firstcitizens.org First Citizens' Federal Credit Union 200 Mill Road, Suite 100 PO Box 270 508-999-1341 www.firstcitizens.org YOUR RIGHTS AND RESPONSIBILITIES ELECTRONIC FUND TRANSFER DISCLOSURE For purposes of this disclosure

More information

npc npc NPC PCI Program Protecting Your Business from Card Data Breaches

npc npc NPC PCI Program Protecting Your Business from Card Data Breaches npc A Vantiv Company npc A Vantiv Company NPC PCI Program Protecting Your Business from Card Data Breaches For more information about the NPC PCI Program, please contact our dedicated PCI Specialty Team

More information

Protecting Cardholder Data Throughout Your Enterprise While Reducing the Costs of PCI Compliance

Protecting Cardholder Data Throughout Your Enterprise While Reducing the Costs of PCI Compliance Payment Security White Paper Protecting Cardholder Data Throughout Your Enterprise While Reducing the Costs of PCI Compliance Breaches happen across all industries as thieves look for vulnerabilities.

More information

CREDIT CARD PROCESSING AND MERCHANT SERVICES

CREDIT CARD PROCESSING AND MERCHANT SERVICES CREDIT CARD PROCESSING AND MERCHANT SERVICES provides credit card processing and merchant services for a wide range of business types - including retail, e-commerce, professional services, restaurants,

More information

INFORMATION SECURITY POLICY. Policy for Credit Card Acceptance to Conduct College Business

INFORMATION SECURITY POLICY. Policy for Credit Card Acceptance to Conduct College Business DELAWARE COLLEGE OF ART AND DESIGN 600 N MARKET ST WILMINGTON DELAWARE 19801 302.622.8000 INFORMATION SECURITY POLICY including Policy for Credit Card Acceptance to Conduct College Business stuff\policies\security_information_policy_with_credit_card_acceptance.doc

More information

Virtual Terminal User Manual for Direct Users

Virtual Terminal User Manual for Direct Users Virtual Terminal User Manual for Direct Users Table of Contents 1 Introduction... 3 2 Logging In & password maintenance... 4 3 Setting up Sub-Users... 7 4 Navigation... 10 5 Virtual Terminal Profile Page...

More information

537 G St., Suite 201, Eureka, CA 95501 www.eurekapayments.com

537 G St., Suite 201, Eureka, CA 95501 www.eurekapayments.com I. Costs of Merchant Processing. This paper provides an overview of the cost drivers for merchant processing; describes how merchant processors categorize merchants and defines the most common types of

More information

Merchant Account and Interchange new fees 2009

Merchant Account and Interchange new fees 2009 Merchant Account and Interchange new fees 2009 Visa and MasterCard payment processing fee increases, PCI Compliance annual fee. No part of this document may be copied or altered. Fee increases Visa and

More information

MERCHANT CREDIT CARD PROCESSING APPLICATION AND AGREEMENT PAGE 1 of 2 BUSINESS INFORMATION Taxpayer Identifi cation Number: (9 digits)

MERCHANT CREDIT CARD PROCESSING APPLICATION AND AGREEMENT PAGE 1 of 2 BUSINESS INFORMATION Taxpayer Identifi cation Number: (9 digits) Primary Sales Partner Name and Number: Sub Sales Partner Name and Number: Business LEGAL Name: MERCHANT CREDIT CARD PROCESSING APPLICATION AND AGREEMENT PAGE 1 of 2 BUSINESS INFORMATION Taxpayer Identifi

More information