CREDIT CARD PROCESSING MADE SIMPLE
|
|
- Anne Sullivan
- 7 years ago
- Views:
Transcription
1 CREDIT CARD PROCESSING MADE SIMPLE I m the Life Preserver for your Cash Flow. Jared Sparr Jared@jps-us.com Java Payment Services
2 2 Legal Disclaimer All contents copyrighted 2012 by Jared Sparr and. All rights reserved. No part of this document or accompanying files may be reproduced or transmitted in any form, electronic or otherwise, by any means without the prior written permission of the publisher. This ebook is presented to you for informational purposes only and is not a substitution for professional advice. The contents herein are based on the views and opinions of the author and all associated contributors. While every effort has been made by the author and all associated contributors to present accurate and up-to-date information within this document, it is apparent that information rapidly changes. Therefore, the author and all associated contributors take no responsibility for any errors or omissions if such discrepancies exist within this document. The author and all other contributors accept no responsibility for any consequential actions taken, whether monetary, legal, or otherwise, by any and all readers of the materials provided. It is the reader s sole responsibility to seek professional advice before taking any action. Results will vary based on the reader s skill level and individual perception of the contents herein, and thus no guarantees, monetarily or otherwise, can be made accurately. Therefore, no guarantees are made.
3 3 Contents Legal Disclaimer... 2 Who is Jared Sparr?... 4 Introduction... 4 Credit Card Processing... 5 Transaction Fee... 8 Batch Fee... 9 Annual Fee... 9 Monthly Minimum Termination Fee Free Terminals Summary and Conclusions... 14
4 4 Jared Sparr I m a Life Preserver for YOUR Cash Flow My name is Jared Sparr. I am a Cash Flow Expert and Master Agent in the credit-card-processing industry. I have been in the business over ten years, have served over 500 customers personally, and process over $10M a month for my customers. I used to own a chain of retail stores; at our peak we had over 100 employees. About ten years ago I was diagnosed with cancer; while I was recovering, I was forced to take a lot of time off. During that time off, my employees managed to embezzle over $600,000, and as you would expect, it was just a matter of time before all of the dominoes fell and I was forced to close shop. I didn t have cash flow systems in place, and because of my experience I didn t want this to happen to anyone else. That is why I do what I do I work every day to help educate other business owners on the cash-flow options open to them. Introduction I am pleased to bring you this complimentary guide, Credit Card Processing Made Simple. Be sure to watch my video series on my Web site, where you can access current information to help you manage your business. This ebook includes real-world examples on how to best understand and compare credit card processors. This ebook will give you insights into the industry, many of which other credit-card processors don t want you to know.
5 5 Credit Card Processing Thanks for taking the time to learn more about credit card processing; you ll find it will pay off in savings for your business. Did you know that as of the writing of this ebook, there are over 600 different price points for credit card processing? You don t have simply one credit-cardprocessing rate. The best way to explain it is that every card issuer (the bank that supplies the consumer with the credit card) and every card type they issue have different rates; for example, Bank of America/American Airlines, Comerica/Home Depot, and so on. Each card has its own rate and you as a business owner have no idea what type of card your customer is going to present to you for payment. To complicate things even more, these rates are multiplied by the way you accept the card do you swipe it face-to-face reading the full information on the magnetic strip, do you key it in manually with a zip code and street address, or do you accept it over the Web? Additionally, these rates change every six months, in April and October! As you can see, a credit card agent can very easily leave information out; confuse you, the business owner; and literally steal money out of your bank account. Well, here s the good news. First of all, wholesale rates are regulated by Visa and MasterCard, so every processor pays the same wholesale rate, and that is a foundation you can build from. There are no quantity discounts for the bigger processors, so here you have a level playing field to start. The main thing you need to be concerned with is how and how much the processor marks up from the wholesale base.
6 6 Different processors work in different ways. Some use the old Three- Tier pricing structure or a modified version of it. Look at your statement; if you see Three-Tier, Four-Tier, or even Five-Tier pricing, you have a problem. This is a great way for a low-tech or new sales agent to sell, because they likely don t know or understand how the pricing works themselves. They sell you a base rate and just tell you there will be a minimal mark-up for non-qualified cards. By the way, there are many definitions for mid-qualified and non-qualified cards, depending on the processor you talk to. The original definition was based on Three-Tier pricing, where the Qualified Tier was swiped face-to-face and the Mid- Qualified Tier was keyed in with matching information, like zip codes and a street address. The final, Non-Qualified Tier was the same card, keyed in but missing the matching zip code and matching street address. Currently this is a loose definition, because processors can custom-adjust their software to make any card type they want fall into any category, regardless of whether you put in the matching information or swipe the card. With Tiered pricing you as a business owner a merchant pay more. Why, you may ask? Well think of it this way: you have three buckets (Tiers) that are used, and each is larger than the last. However, you have 600 different rates of varying sizes. The first one is very small (Debit) and there is no bucket small enough for it to fit in, so you have to put it in the first bucket you have available, which is Tier One, or Qualified. Well, currently the debit wholesale cost is.05% and the first bucket you have is 1.59%. Are you paying more than you need to for that debit card transaction? Multiply this by the other 597 card types that don t have a bucket to fit, and you are paying considerably more, even with the low rate of 1.59% that the rep promised you.
7 7 There are dozens of other rate programs the agent can present to you, and frankly, they change daily, so we re not going to go into the details. I m sure at this point you can see that it can very quickly be turned into a shell game. The good news is that there is a pricing structure that puts the power in your hands: Interchange (wholesale) Plus pricing. How does Interchange Plus pricing work? It s very simple, actually. We know there is a standard wholesale price that every processor pays, and those rates are governed by Visa/MC, so every processor pays the same. Well, now we have a foundation to work from. If you pay a flat mark-up, no matter what wholesale rate or card type your customer presents, you are on a level playing field. If your mark-up is 1/4 of a percent (.25 percent), or 25 points in credit card language, then that s the mark-up you pay no matter what card your customer presents to you. Say wholesale is 1.5% and your mark-up is 1/4%, then you pay 1.75%. Now, you can compare the 1/4% or 25 points from provider to provider. If one comes in at 10 points or 1/10%, then you know they are cheaper. It s just that simple, and now all the cards are out on the table, and the power is in your hands. Okay, now that we ve found a way for you to take the power and compare apples to apples between providers, let s look at other costs for credit card processing. There are many different costs and we can look at each one individually.
8 8 Transaction Fee Credit card processing is highly regulated because it s a cash-transaction business, and the opportunity to steal a lot of money is so easy and can be very tempting. Think of your favorite movie theatre. To avoid employee theft, they have one staff member sell you a ticket, and then you turn that ticket in to a second employee to gain entry to the theatre. The credit card transaction fee works pretty much the same way. One bank performs a check to make sure the customer has the credit available to make the charge. A second bank actually transfers the money. So, the first bank performing the funds availability check charges a transaction fee, and never actually moves or touches the funds in any way. This is why a transaction fee is charged to you, even if the result is a decline. The cost of transactions for the processor are usually two to six cents, depending on the processor s size. Cost to the merchant is usually ten cents, so there is some opportunity for the processor to make some money here. Usually that opportunity is only on large-volume accounts. Now, it s not what you think not large volume as in a large amount of dollars, but a large volume of transactions. A coffee shop, for example, may be a small account as far as dollar volume goes, but they will have a ton of transactions because their average sale is so low. So merchants with a large volume of transactions can usually negotiate this fee down. One sure way to lower this cost is to convert from a dial-up terminal to an IP terminal. IP stands for Internet Protocol, which basically means that you are using the Internet instead of a telephone line. Because of lower costs for the processor, these fees are usually two cents less for you, the merchant. Your costs will also be lower in that you will no longer need a dedicated phone line for your credit card terminal, and you transactions will go
9 9 from 30 seconds to process to 3 seconds shortening the time it takes to process each transaction. If you are worried your Internet will go down, you can always have a dial back-up built into the program. Batch Fee Okay, in the previous paragraph we talked about the check-and-balance system. The transaction fee is when the bank makes sure the funds are available, but it does not move any money. Well, the batch is when the money is actually sent to your bank. This is the second part, or the balance, if you will. The bank performing the batch is a separate entity than the one doing the transaction. Typical wholesale costs for batch fees to your processor are three cents. Typically your processor charges you ten cents. Again, it s a small profit center. Think about that for a minute how small? The typical business is open 30 days a month, and has one batch a day, so they pay $3.00 a month for batch fees, generating $2.10 in profit for the processor. Annual Fee There is some argument as to the validity of the annual fee. My philosophy is to charge as close to wholesale as possible on everything and make my money on the Interchange Plus. With that said, each processor has to pay both Visa and MasterCard an annual registration fee. I believe MasterCard charges theirs in January and Visa bills for
10 10 Credit Card Processing Made Simple theirs to the processor in July. A processor charging an annual fee, in my opinion, is just recouping the cost for its annual registration fee. Keep in mind that the registration fees are flat, and not based on the number of customers a processor has, so the larger the processor, the less they need to charge for the annual fee. A fair annual fee would be $40.00 to $50.00 each year. Monthly Minimum Why do processors charge a Monthly Minimum? What is a Monthly Minimum? Well, larger businesses really don t need to worry about this because Monthly Minimums target the smaller merchants. The bottom line is that each month Visa/MC charge the processor fees directly related to each account they have on file. Fees include statement fees, account-on-file fees, PCI fees, etc. On average, these fees add up to just under $10.00 a month. Now, these are just direct costs, as a business has overhead, so do processors. They have rent to pay, phone bills, employees, etc., all to be available for servicing your account. A Monthly Minimum covers the costs the processor incurs on your behalf, even if your account does not reach a minimum volume of sales. So say your processing fees average 3%, and you have a Monthly Minimum of $15.00, you would need to process $500 each month to reach your Monthly Minimum, in order to not be charged the Monthly Minimum fee. Typical Monthly Minimums are $10.00 to $15.00, but I have seen them as high as $35.00!!! So, it s not a big deal, but it s still an area that deserves your attention when you are investigating a new processor.
11 11 Credit Card Processing Made Simple Termination Fee Also known as EOC or End of Contract fees, Termination fees are something you want to ask about. Are these fair fees? My opinion is yes, and I say that because there are certain costs to the processor and agent to get your account set up. The industry used to charge an application fee to cover these costs, but with competition, this fee has gone by the wayside. The processor pays fees to Visa and MC to register your account, pays fees to build the software to load into your terminal, and so on. These fees usually add up to around $ right off the bat. The agent spends the time to re-program your terminal and train your staff on the latest programs and fraud-prevention techniques (if your agent does not do this, you need to find a new one). So you can see both the agent and processor have out-of-pocket costs to set up your account, and need to generate revenue from your account for several months just to break even. I like to compare it to a cell phone contract, most of which are for two years and have a significant earlytermination fee. In most cases, the fee to get out of a cell phone contract is more than what is charged by credit card processors for early termination fees. Cell phone contracts are also consumer-based, not business-based, so if everyone accepts it with their personal cell phones, why is it a concern with a business-based service? That is not to say you don t need to be concerned about them at all. Termination fees are a big revealer of the honesty of the processor. First of all, ask the agent how many times his own customers have been charged a termination fee. In many cases an agent can petition to get this fee waived if it s later in the contract. My company has charged a termination fee only five times at the writing of this ebook. How much is a reasonable termination fee? Well, it seems $300 to $350 is an
12 12 Credit Card Processing Made Simple average. Honest processors are in this range because covers the set-up costs associated with the account, and it s enough to make a business owner think before he jumps ship. As a business owner, you will likely take more time to investigate an offer for validity before you make that move and pay the early termination fee. However, I have seen these fees as high as $27,000! So it s very important to read your contract. The higher fees are usually because of something called Liquidated Damages, where the processor charges you for any profits due to them through the end of the contract. If your average bill is $2,000 a month, and you have a year left on your contract, your early termination fee would be $24,000!!! Be aware of these contracts; usually the sales person is offering you an unbelievable deal that is just too good to be true. Well, likely it is to good to be true, and you find out on your first statement that it s not true and you re actually paying more. Well, at that point it s too late, because if you cancel, you will have to pay three years of fees to get away. Free Terminals Okay, let s talk about Free Terminals for a minute. In your business, do you give things to your customers for free? How many businesses can do this and still stay in business? Or, if they do, how do they make up for it? You guessed it, they have to make up the income somewhere, so buried in your contract is some other overcharge. Most Free Terminal programs are based on Interchange Plus 40 points, so you are paying nearly a ½- percent mark up. In addition, they bill the Transaction Fee at $.15 cents, the Batch Fee at $.25 cents, the Annual Fee at $50.00, the
13 13 Credit Card Processing Made Simple Monthly Minimum at $35.00 and the Statement Fee at $ In other words, you are paying the highest amount for everything to get a free terminal. Keep in mind that the high rates do not go down once the processor has made enough money to pay for the cost of the terminal; you keep paying the fees as long as you are a customer, padding their pockets with extra profit. So, overall, it actually costs you more to get a Free Terminal. Are there exceptions to this rule? Yes, there are exceptions to every rule. I have a customer who has seven free terminals, but this customer also generates over $1,200 a month in commission for me. So yeah, I can afford to pay for the terminals myself as an agent to secure his business, and break even in just a few months. Keep in mind that Free Terminals are only free as long as you are a customer. As soon as you leave, you are required to return them. Usually if the Free Terminals are not returned within say, ten days of your cancellation, your account is charged an additional $500 to $750 per terminal, and yes, it s part of the contract you signed in the small print. My suggestion is to go on EBay and buy your own terminals. They range from $100 to $300 for top-of-the-line and then you own them outright. For my money EBay is cheaper than the $500 that the processors charge. While we are on the subject of Free Terminals, let s talk about leasing. Would you pay $120,000 for a $40,000 car? No, of course not! Then why would you pay $1,200 for a $400 credit card terminal, and not even get to own it at the end of the lease? This happens every day when the merchant signs a non-cancelable lease for a cheap terminal, and pays three times more than a high retail price for it. It s sad what some agents do for a commission. Stay away from leases!
14 14 Credit Card Processing Made Simple Summary and Conclusions We have discussed how to compare processing fees apples-to-apples and put the power in your hands. We have looked at all the pricing and fair ranges for you to pay. Now you need to see if you are on a fair program, and if not, find a processor who will put you on a fair program. To find out how to choose the best sales agent, please go to my Web site and download my How to Choose a Sales Agent ebook. Once you have the best rates and the best sales agent, you can download my ebook titled Tips and Tricks to Lowering Your Fees. For a list of the agents I recommend, feel free to give me a call at I work with agents across the country, each with his or her own market specialty. Working with someone who knows your business is another contributor to your success. I m looking forward to the next time.
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 informationCredit 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 informationTiered 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 informationTable 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 informationThe 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 informationHow To Accept Credit Cards From A Credit Card Provider
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 informationSales 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.
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
More informationACN 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 informationSales Agent. Fast Start Training Part 1
Sales Agent Fast Start Training Part 1 www.rmsnpc.com Our Business Partnerships and Credentials Retriever Merchant Solutions is a registered ISO/MSP powered by National Processing Company (NPC) and sponsored
More informationTHE 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 informationSTOP 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 informationCOMMERCE. 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 informationPayment Processor Secrets Page 1
Payment Processor Secrets Page 1 Table of Contents Introduction to Payment Processor Secrets... 2 Why Do You Need a Payment Processor?... 5 Traditional vs. Mobile... 6 Merchant Accounts... 7 Reputation...
More informationChoosing 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 informationCommon 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 informationTable 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 informationDrastically 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 informationCredit 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 informationDental Office s Guide to Merchant Payment Processing
DJR DENTAL CONSULTING PRESENTS Dental Office s Guide to Merchant Payment Processing Office: 905-309-3910 Cell: 905-577-5252 drajczak@aol.com www.djrconsulting.ca DENTAL OFFICE S GUIDE TO MERCHANT PAYMENT
More informationOffice 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 informationThe Most Important Credit Card Processing Insider s Report Ever Written
The Most Important Credit Card Processing Insider s Report Ever Written This is the key data that the processing banks do not want you to know. How to Earn back Thousands of Dollars or More by Eliminating
More informationCREDIT 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 informationHow To Choose A Payment Processor In Australia
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 informationPayment 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 informationAn access number, dialed by a modem, that lets a computer communicate with an Internet Service Provider (ISP) or some other service provider.
TERM DEFINITION Access Number Account Number Acquirer Acquiring Bank Acquiring Processor Address Verification Service (AVS) Association Authorization Authorization Center Authorization Fee Automated Clearing
More informationCost-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 informationHOW TO SET UP A MERCHANT ACCOUNT WITHOUT GETTING RIPPED-OFF
HOW TO SET UP A MERCHANT ACCOUNT WITHOUT GETTING RIPPED-OFF Discover Insider Information Sales Reps Do NOT Want You to Know: 3 Big Mistakes Business Owners Make When Setting Up a Merchant Account By Michael
More informationIntroducing 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 informationGlossary 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 informationHow to Overcome the Top Ten Objections in Credit Card Processing
How to Overcome the Top Ten Objections in Credit Card Processing Handling the Top Ten Objections Objection #1 I have a contract That s exactly why I m calling you, you see most people we work with have
More informationAdjustment A debit or credit to a cardholder or merchant account to correct a transaction error
Glossary of Terms A ABA Routing Number This 9-digit number is assigned by the American Banker s Association and is used to identify individual banks. When performing an ACH transfer from one bank account
More informationTALKING POINTS COLLEGE STUDENTS PRESENTED BY JEAN CHATZKY AND PASS FROM AMERICAN EXPRESS SM
INTRODUCTION Give your kids a heads-up that tonight you re going to make some time to talk about money. It won t take all night, but they should clear their schedule. If your kid is away at college, and
More information10 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 informationWholesaling Mark Ferguson
TRANSCRIPT OF EPISODE 14 OF THE INVEST FOUR MORE PODCAST Wholesaling Mark Ferguson Mark: Hi everyone. Mark Ferguson here with another episode of the Invest More Real Estate podcast. Today is just going
More informationFinding 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 informationWhat 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 informationDemystifying Credit Card Processing for Nonprofits
Demystifying Credit Card Processing for Nonprofits Most nonprofits accept credit cards. Why? Because donors love the convenience and perks, such as airline mileage, that they get when they pay by credit
More informationThe 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 informationLet s cover a few general terms and calculations that I m going to reference throughout this discussion.
Applying Data to Boost Your Merchant Services Program David Reed brings 10 years of financial management experience and a deep understanding of interchange to Security Card Services bank partners. David
More informationAn Education in Merchant Processing
An Education in Merchant Processing Presented by: Michael Mintz COO - AMG Payment Solutions Today s Agenda Introduction and Background Important Industry Terms The Electronic Payment Process Interchange
More informationHow to Overcome the Top Ten Objections in Credit Card Processing
How to Overcome the Top Ten Objections in Credit Card Processing Section #1: Handling the Red Flags Just Fax Your Rates Response: I ll be happy to do that, but until we know if this is truly a fit for
More informationInterchange 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 informationUnderstanding Your Merchant Fees Presented by:
Understanding Your Merchant Fees Presented by: Melinda Speer Terry Endres VP Strategic Sales Executive SVP Treasury Management Officer Health, Institutions, & Government Government Treasury Services Chicago,
More informationThe 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 informationCard Processing Information You Must Know For Your Restaurant & Bar. Introduction
Card Processing Information You Must Know For Your Restaurant & Bar As promised, here is your free report. Congratulations on taking this important step in reviewing your current payment systems. After
More informationMobile CPA Masher By Sterling Sherrell
Mobile CPA Masher By Sterling Sherrell By Sterling Sherrell Page 1 Contents Introduction... 3 Step 1 Find A Mobile Gift Card Offer... 5 Step 2 Write Your Text Ad... 7 Step 3 Choosing Your Settings In Buzzcity...
More informationMortgage 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 informationCredit & 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 informationTHE 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 informationWhat strategies will help me reach my savings goals?
Savings 2 MONEY MATTERS The BIG Idea What strategies will help me reach my savings goals? AGENDA Approx. 45 minutes I. Warm Up (10 minutes) II. Saving Tips (10 minutes) III. Opportunity Costs (15 minutes)
More informationThe 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 informationColleen s Interview With Ivan Kolev
Colleen s Interview With Ivan Kolev COLLEEN: [TO MY READERS] Hello, everyone, today I d like to welcome you to my interview with Ivan Kolev (affectionately known as Coolice). Hi there, Ivan, and thank
More informationGetting 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 informationHow to read your statement basics IRS Reporting Early Termination Fees Contract Renewals Equipment Leases & Free Equipment PCI Compliance General
2 How to read your statement basics IRS Reporting Early Termination Fees Contract Renewals Equipment Leases & Free Equipment PCI Compliance General info Q&A 3 Calculate your Effective Rate Total Processing
More informationCredit 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 informationFast Ranking YouTube Tools. The 5 Best Software Tools to Create and Rank Videos on Youtube
Fast Ranking YouTube Tools The 5 Best Software Tools to Create and Rank Videos on Youtube VidPinger.com by Damon Nelson & João Gill Garcia 400 N. St. Paul, Ste. 1040 Dallas, TX 75201 http://vidpinger.com
More informationGet Google AdWords Traffic With Almost No Out Of Pocket Cost!
Price: $49.00 Get Google AdWords Traffic With Almost No Out Of Pocket Cost! www.nocostpayperclick.com NOTICE: This is not a free book. It is a $49 manual that is published by www.nocostpayperclick.com,
More informationReliantPay 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 informationCRM4M 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 informationWould You Like To Earn $1000 s With The Click Of A Button?
Would You Like To Earn $1000 s With The Click Of A Button? (Follow these easy step by step instructions and you will) This Version of the ebook is for all countries other than the USA. If you need the
More informationFulfillment Outsourcing 2014: How & Why?
Fulfillment Outsourcing 2014: How & Why? Business-to-Consumer (B2C) Third-Party Order-Processing Operations Contact: Randy Lundquist Client Services Manager E-mail: RLundquist@ctcf-inc.com USA Tel: 1-800-200-0028,
More informationBrought 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 informationIMS 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 informationOur 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 informationEDUCATION - TERMS 101
EDUCATION - TERMS 101 ACH (Automated Clearing House): A processing organization networked with others to exchange (clear and settle) electronic debit/credit transactions (no physical checks). ABA Routing
More informationWelcome to your CIBC Dividend Visa * Card
Welcome to your CIBC Dividend Visa * Card Turn your everyday spending into cash back rewards Get 2% cash back on all grocery purchases 1 Get started with your new cash back card 1. Activate your card Activate
More informationCommerce Payments 1465 Broadway Hewlett NY 11557 USA www.commercepayments.com 1.888.640.8472
Commerce Payments 1465 Broadway Hewlett NY 11557 USA www.commercepayments.com 1.888.640.8472 Your Smart Guide To Accepting Credit Cards How to Protect Yourself When Opening A Merchant Account Michael Mendlowitz,
More informationCREDIT 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 informationSponsored by: Speaker: Brian Madden, Independent Industry Analyst and Blogger
THIN CLIENT OPTIONS Sponsored by: Speaker: Brian Madden, Independent Industry Analyst and Blogger Brian Madden: Hello. My name is Brian Madden, and welcome to Part 2 of our threepart video series about
More informationCash in. It pays to succeed.
Be in charge. The unique compensation plan that answers to you. We offer daily, weekly, monthly and large account bonuses along with long-term residual income for our valued Sales Representatives. Cash
More informationAccepting Credit Card Payments
Accepting Credit Card Payments An Introduction Objectives Understand the Credit Card Acceptance Process What Type of Merchant are You How to Choose An Acquirer How to Get It All Going for Non Cash Payment
More informationEXAMPLE PRESENTATION SCRIPT. The following is an example script for the Are You Credit Wise? presentation.
EXAMPLE PRESENTATION SCRIPT The following is an example script for the Are You Credit Wise? presentation. (Slide 1) Hi, my name is and I m a Junior studying. I m here today to talk about smart money management.
More informationHow to Read Your Monthly Statement (Card, ACH and Excel Spreadhseet)
How to Read Your Monthly Statement (Card, ACH and Excel Spreadhseet) Your Monthly Card Statement is broken out into 3 parts. Each section will be explained in greater detail in the few pages. The first
More informationKim: Thank you Todd, I m delighted to be here today and totally looking forward to our conversation.
Filename: P4P 019 The Facts of Life Insurance Todd: [0:00:18] Hey everybody, welcome to another edition of The Prosperity Podcast, this is No BS Money Guy Todd Strobel. Once again, we re lucky enough to
More informationDownload 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 informationCIBC PETRO-POINTS MasterCard
YOUR WELCOME KIT Welcome to your CIBC PETRO-POINTS MasterCard Card YOUR BENEFITS GUIDE Benefits at a Glance Welcome to your CIBC PETRO-POINTS MasterCard Card 1 Instant Fuel Savings and Great Rewards 1
More informationHow 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 informationTrue Pricing. Unveiling the true cost of payment processing. and how Element can save you money.
True Pricing Unveiling the true cost of payment processing and how Element can save you money. Price structure and overall cost is significantly more important than a rate quote. What is your rate? This
More informationHow to Be a. Credit Card. Processing. Ninja. http://feefighters.com @FeeFighters Questions? Email help@feefighters.com
How to Be a Credit Card Processing Ninja http://feefighters.com @FeeFighters Questions? Email help@feefighters.com 01 INTRO TO CREDIT CARD PROCESSING 1 What is credit card processing and what is a credit
More informationN-CAP Users Guide Everything You Need to Know About Using the Internet! How PayPal Works
N-CAP Users Guide Everything You Need to Know About Using the Internet! How PayPal Works How PayPal Works by Ed Grabianowski The simple idea behind PayPal -- using encryption software to allow people to
More informationMerchant 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 informationDo not let your eyes glaze over! I am going to save you a lot of money!
Introduction: Stop!! Do not let your eyes glaze over! I am going to save you a lot of money! Most of us know that there are two sides to a balance sheet ledger. There is a debit side and a credit side.
More informationthe ultimate guide to email marketing for insurance agents
the ultimate guide to email marketing for insurance agents what s in here? Email marketing & content marketing...3-4 Email marketing best practices...5 Email campaigns for insurance agents...6 AgencyBloc
More informationThe Seven Deadly Sins Of Car Buying That Could Cost You Dearly, And How To Avoid Them
The Seven Deadly Sins Of Car Buying That Could Cost You Dearly, And How To Avoid Them The Car Business 101... 2 Sin #1: Shopping Based On Monthly Payment Instead Of Price... 3 Sin #2: Putting Money Down
More informationCIBC Dividend One MasterCard
YOUR WELCOME KIT Welcome to your CIBC Dividend One MasterCard Card YOUR BENEFITS GUIDE Benefits at a Glance Welcome to your CIBC Dividend One MasterCard Card 1 Chip-enabled CIBC Credit Card 1 CIBC Contactless
More informationThe 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 informationAs you would expect, Mercury provides reliable and secure credit and debit processing with competitive rates, pre-negotiated by The Pita Pit.
Welcome Dear The Pita Pit franchisee, You have many choices of payment processing service providers. How do you choose the one you can trust with such an important customer service component for your business?
More informationANZ Bank New Zealand Limited ANZ17881
ANZ Credit Card Conditions of Use Effective 9 December 2015 This document sets out your ANZ Credit Card s terms and conditions In this document we ve explained the terms and conditions applying to your
More informationGirl Scouts NC Coastal Pines Frequently Asked Questions Sage Credit Card Swipers
Girl Scouts NC Coastal Pines Frequently Asked Questions Sage Credit Card Swipers Q: Our troop had an account last year; can we use the same user I.D and password? Is our Merchant I.D the same? This year,
More informationActorcard Prepaid Visa Card Terms & Conditions
Actorcard Prepaid Visa Card Terms & Conditions These Terms & Conditions apply to your Actorcard prepaid Visa debit card. Please read them carefully. In these Terms & Conditions: "Account" means the prepaid
More informationfor Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook
for Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook Welcome! This workshop is about credit. Credit is buying something now, but paying for it later. Credit can be useful
More informationCIBC TELUS Rewards Visa * Card
YOUR BENEFITS GUIDE Welcome to your CIBC TELUS Rewards Visa * Card YOUR BENEFITS GUIDE BENEFITS AT A GLANCE Thank You for Choosing the CIBC TELUS Rewards Visa Card 1 How to Earn 2 How to Redeem 2 Go Paperless
More informationOnline Payment Processing Definitions From Credit Research Foundation (http://www.crfonline.org/)
Online Payment Processing Definitions From Credit Research Foundation (http://www.crfonline.org/) The following glossary represents definitions for commonly-used terms in online payment processing. Address
More informationEarn more, pay less the way it is
Earn more, pay less the way it is 2012,2013 SecuTrans Inc. is a trustworthy name. About Us SecuTrans Inc. is a leading and registered Credit/Debit Merchant Service Provider in Canada. We are one of the
More informationWINDOW BOOK (WB): What are the most essential services you provide to your clients?
How to Grow Direct Mail Production Volume by 2800% in Six Years Window Book Speaks with DIS Direct about their Success 11/30/2004 Between 1998 and today, DIS Direct, LLC grew from mailing 25 million to
More informationANZ 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 informationand 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 informationCredit Card Processing Overview
Credit Card Processing Overview New Agent Development Training First Data Learning Organization Copyright 2009, First Data Corporation. All Rights Reserved. Developed by: 26 Rev: 01/23/09/1.0 Objectives
More informationTRUE PRICING. Global Pay Payments. Unveiling the true cost of payment processing
Global Pay Payments TRUE PRICING Unveiling the true cost of payment processing and how can Global Pay Payments can save you money. Sales Department Email: sales@globalpaypayments.com Office: 901-318-4700
More informationVisa Acceptance and Enablement. Bank of America Merchant Services - Supplier Strategy April 2009
Visa Acceptance and Enablement Bank of America Merchant Services - Supplier Strategy April 2009 1 Understanding the Partners Acquiring Bank/Merchant Service Providers Enables suppliers to accept and process
More information