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

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

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

Transcription

1 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.

2 Table of Contents Introduction...3 The Top Processing Schemes The incredibly low teaser rate: Low Flat Rate or Flat Fee Pricing Rate Hikes BIN Number Manipulation Holds on your money & Limits on your processing Equipment is non compliant Free Terminals Leasing Early Termination Fee What is Interchange Plus Pricing (IC Plus) How will the Durbin Amendment Effect My Business?

3 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. Introduction is conducting a series of whitepapers to empower small business merchants to save on their processing and avoid getting ripped off. In this white paper guide, will show you the most common processing schemes and will explain how you can avoid them. Along with this white paper, you will receive multiple free, no obligation quotes. These quotes are to be used as benchmarks and will help you navigate the tricky waters of credit card processing. The good news about the credit card processing industry is that there has been no better time for small business merchants to get great deals on their credit card processing. The bad news is that there are more sucker deals in the market than ever before. The online boom has created a boon for processors and their amazing deals. You can Google right now, credit card processing or merchant services, and you will find unbelievable deals, rates as low s 1.00%, free accounts, free terminals, no PCI compliance fee, free this, fee that, lowest this, lowest that. The ads are so misleading that the FCC would have a field day if these were broadcast on the TV or radio. This guide will provide clarity and arm you with the facts so that you can negotiate a great deal for your business and not have to worry about credit card processing again. 3

4 The Top Processing Schemes 1. The Incredibly Low Teaser Rates - Fact: There is not one Visa/Mastercard rate. Visa/Mastercard list their rates, called interchange. The interchange schedule have over 300 rate categories. Solution: Demand to see a schedule of rates. 2. Enhanced Billback Processor promises low rates and then adds high surcharges for non-qualifying transactions. Fact: Card Types and Transaction types (swiped or key in) qualify at different Visa/Mastercard Interchange Solution: Demand full disclosure of all rates and fees for all card types and transaction types. 3. Low Flat Rate or Flat Fee Pricing The processor takes the average pricing for your industry tacks on a surcharge. Think of this as above average pricing. Fact: Visa/Mastercard does not have a one rate plan. They have what is called interchange. Interchange has over 300 rate categories. Solution: Avoid this pricing plan. 4. Rate and Fee Hikes Fact: Visa/Mastercard periodically raise interchange rates and your processor passes those additional costs on to you. Solution: review each monthly statement, and know your contractual rights when your processor breaches your agreement. (Usually you can get out of the contract without an early termination fee.) 5. Bin Number manipulation Fact: Processors have some control over what tier a transaction may qualify for. Solution: Demand in writing to know at what tier each card and transaction types qualify. (Interchange Plus pricing does not have tiers. Processors can not manipulate the bin numbers.) 6. Holds on your deposits Fact: Processors can hold your transactions for a variety of reasons. Solution: Ask when deposits are made. Ask if there are any ACH holds. Ask if there are limits on transaction amounts and/or monthly volumes. 4

5 7. Equipment is non-compliant, Free Terminals, and Leasing Fact: If you have passed your PCI compliance with your current processor, then your equipment is compliant. Solution: Rarely is the equipment the issue. Here is a link to processing compliance SSC Quick Reference Guide.pdf Please keep in mind, free terminal offers usually include built in fees or penalties if you breach your agreement or fail to return the equipment on time. 8. Early Termination Fee Fact: Nearly every processor has an early termination fee. Solution: Nearly impossible to avoid so make sure you negotiate a great deal using these tips and your free quotes. If your processor arbitrarily raises your rates and you catch it in time, you may be able to switch companies without an early termination fee. Please remember that anything that the processor agent tell you, also GET IT IN WRITING. By law, the agent can say anything and not be held liable or his company liable. If you have it in writing, then you may have a good case. In most situations, the processor will give into your demands. Now, the guide will provide more detail on each of the points above. 1. The incredibly low teaser rate: Banks, Club Stores, and sales reps like to simplify the sales process by selling you on a low teaser rate. Don t be fooled. Visa/Mastercard have over 300 rate categories called Interchange that a transaction could qualify. If you add Discover there are over 440 different rate categories. (Click on the link to download Visa s interchange rates.) To protect your business, ask your agent for an interchange schedule. Finally, ask your agent to estimate what your effective rate will be? (Effective rate is all your processing costs divided by your volume. Rate is what got you to sign. Effective rate is what you actually pay. If you process $10,000 a month and pay $300 to your processors, then your effective rate is 3%. $300/$10,000. That was probably much more than your bank promised you when you signed up. Even Costco offers 1.64% + $0.19, yet the effective rate is much higher). 5

6 Please review your quotes . We estimate each processors effective rate for you. 2. Enhanced Billback Processors salivate at the words, Enhanced billback. This is the most expensive pricing plan for your business. It is also the most profitable for the processors. Enhanced billback is a fancy terms for one rate plus surcharge. An agent may offer you a low rate of 1.64% on all your cards. This would be great if it were true. What he left out was that for the majority of your transactions, there would be a surcharge or billback applied. The surcharge may be as high a 2.99% or even as low as 1.00%. This is pure profit for the processors, because the other factor the agent left out was that the surcharge is added on top of the qualifying interchange. This is a bit confusing, but Visa/Mastercard charge different rates for different types of cards. The processor adds that difference to your rate of $ $0.20. Let s say you process a business card transaction and the interchange rate is 2.05%. In the enhanced billback pricing plan, you also pay that 0.41% plus the 1.64%, 2.99% and the transaction fee of $0.20 Example: Enhanced Billback for Business Cards 1.64% % % = 5.04% + $0.20 You may say, Well, I don t take many business cards. That fine. How about rewards cards, travel and entertainment cards, purchase cards, keyed in transactions? All of these would qualify for the enhanced billback. Unless you know exactly the card type and the transaction type at your business, then stay away from enhanced billback pricing. 3. Low Flat Rate or Flat Fee Pricing Some processors try to simplify Visa/Mastercard Interchange hundreds of interchange rates by reducing them to one rate or one flat fee. They do this by taking a weighted average of the probable transaction types in your industry. The one rate plan sounds great. It is a hedge against the higher rate transactions. The plan is certainly better than enhanced billback. You will still end up paying more than an Interchange Plus plan. The reason is that the processors are setting your one rate based on skewed weighted averages that favor them. If the processor is wrong, then they will simply adjust your rate higher. The processor is not going to lose money. Check out the Fees. A typical credit card processing agreement may have over 60 fees. Not all the fees apply every month. Some fees are periodic like 6

7 chargeback or ACH reject fee. Others are annual, like PCI compliance. You will need to review all the possible fees on your agreement to make sure there are no surprises. If you just concentrate on the rate, the agent may overload your agreement with fees. Yes, you got a great rate, but you are paying hundreds or thousands of dollars a year in fees. Single Monthly Fee. For lower monthly volume accounts, processors have developed a pricing scheme to remove the headaches of all these rates and fees. They ve bundled all the rates, transaction fees and other fees into single monthly fee. Let s say you process $1000 in credit cards. You might be offered a flat $35 fee. This sounds great. What happens if your business grows and does $5,000? The processor has a clause in the contract that allows it to charge a certain percentage over the stated amount, or in this case $1000. Now, you may pay $250 or 5% in fees plus the $35 dollars.. That is not so good. What if you do less than $1000? You still pay $35. So unless you know for certain what your monthly volume is, you should avoid this single monthly fee plan. 4. Rate Hikes All businesses raise their prices over time for various reasons. Some businesses are more volatile than others and the increases are quite dramatic. Take the oil business for example. There are situations where the processors take advantage of their merchant by arbitrarily raising their rates because they can. This can occur at any time. This is why it is imperative to review your merchant statement every month. Let me repeat. It is impetrative to review your merchant statement every month to ensure that your processor is not arbitrarily raising your rates. Most raises will occur in April and in October of each year. This is the time when Visa/Mastercard reviews their interchange schedule and proposes rate increases. When Visa/Mastercard issue a rate increase, your processor has little or no choice but to pass the increase on to you. This is across the board. (Don t be fooled by competitors claiming that they never raise rates. They all do. How much the processors raise your rates is another question entirely. The processor could decide to pass on the rate increase at cost. Or as in many cases, the processor adds a little extra. 7

8 By law, your processor has to inform you of the rate increase. They won t send you an or give you a courtesy call. You will get a fine print paragraph on your statement. How do you protect yourself? Review your statement each month and read the notices. You should also start to calculate your effective rate each month. The formula is simple. Take your monthly statement bill and divide it by your processing volume. Example: $300 bill and $10,000 monthly volume. Divide $10,000 into $300 and you get.003 or 3.00%. The effective rate is 3.00%. You can use this simple formula to track your processing percentage over time. If you notice a significant increase, you should immediately call your processor s retention dept and demand that they lower your rates and threatened to leave if you they are not reduced. Most merchants don t catch the increase until it is too late. Then what do you do? suggests to comparison shop. There is no reason you have to stay with a processor that treating you unfairly. You may have to pay an early termination fee, but it may be worth it in the long run. Along with this guide, you should have received multiple free, no obligation quotes from our pre-screened and highly rated vendors. (If you did not receive your quotes, you can log on to and click on get quotes to get more. You can even upload a statement on our site for a free statement analysis.) 5. BIN Number Manipulation This trick is pretty simple, but nearly impossible for the merchant to detect. Processors have the capability to manipulate or to assign the rates or tiered rates where the transactions qualify. Here s how this scheme works. The processor s agent offers you a super low qualified rate 1.59% + $0.20 for credit and 1.14% + $0.20 debit. On the surface this is a great deal. However, the majority of your transactions will not qualify at these rates. The processor has set up his system to where 80% of your transactions will qualify at the much higher mid and non qualified tiers. The result will be that your effective rate may be well over 3.00%. To protect yourself, you should change to IC plus pricing. The processor cannot manipulate the bin numbers. If you must have 3 tier, find out what the mid and non qualified rates are. Ask what cards and transaction types qualify for those tiers. GET THIS IN WRITING. 8

9 6. Holds on your money & Limits on your processing Some processors are notorious for placing holds on your money for all sorts of reasons some are valid. Most are not. They are excuses to hold your money in their accounts and earn interest, while you wait. The most ubiquitous hold is the five-day ACH delay. Another hold is for large transactions. Usually transactions that are 3 times your average are held until the processor can verify the transactions with the cardholder. This is done to protect the processor, which is held liable for the amount if the transaction goes bad. Some processors may require a deposit. If they tell you upfront, you have the option to go somewhere else. If they confiscate your funds after you start processing, that s another matter. They have the legal right to do it. It s all in the fine print. Processors usually require high-risk businesses like travel agencies, to put up deposit. Ask your agent if your business is considered high risk. If it is, then ask him if a deposit will be required. Get the answer in writing. Processors take on a certain amount of risk when processing your transactions. If the transactions go bad, they can ultimately be held liable. To mitigate their risk, the processors may put a limit on the size of a transaction and the monthly volume. You want to make sure that you tell your processor of any high transactions you may have and put that on the application. You also want to make sure that there are no monthly processing volume limits. Once you reach that limit, you may be able to process any more transactions until the next month. Processors protect themselves by imposing holds on funds and imposing charging and volume limits. In most cases, they do not tell the merchant during the sales negotiations and the merchant never thinks to ask. Frustration sets in when the merchants run into these limitations. Always ask upfront of any limits and or holds. Many reputable companies many have holds on large transactions until you build a solid transaction history usually 3 to 6 months. Don t be frightened by it. Make sure you get it in writing that the holds are temporary. 7. Equipment is non compliant Free Terminals Leasing Agents will use this equipment scheme to scare you into purchasing new terminals. This may have been true a few years ago when the industry went through some security upgrades. If you business has already been certified as PCI compliant, than your processors has approved your processing equipment. 9

10 You should be careful buying equipment online. On EBay, you can find great deals on non-compliant terminals. Don t buy them. If you do, your processor will not allow you to process on non-compliant equipment. The free terminal gimmick If the processor gives anything away for free, it still has a cost to his business. The processor has to make up those costs somehow. The processor will try to make up the difference in the rate, the fees, and sometimes in the cancellation or early termination fee. In some cases, you may have 10 days from the date of cancellation to return the equipment. If you don t, the processor will assess a terminal fee anywhere from $500 to a few thousand dollars. Ouch! Some free terminal offers let you keep the machine. The equipment is proprietary, so even if you leave the processor, you won t be able to use the terminal with your new processor. The main point is that free terminals is just that a gimmick. Your business might be better off with a virtual gateway, which turns your computer into a credit card processing terminal, or a mobile device that connects to your cell phone. You may have heard the horror stories about leasing. Leasing can be a fine alternative to purchase if you know what you are doing. The rule of thumb is not to spend more than 2 times the purchase price. So if the equipment costs $350, don t pay more than $700 in lease fees. s suggestion is to purchase your equipment or finance it with a credit card. If you can afford it, purchase a POS system. The accounting, inventory control, purchase features, customer database, and other features make it well worth the investment. 8. Early Termination Fee Nearly every processor now has an early termination fee. Even if the agent says they don t, they still probably do. It will be stated in the fine print of the application. The standard termination fee is $500. Many processors offer $250 or reduce the termination fee from $500 to $250. The processors have instituted the early termination fee to reduce churn and to defray the high cost of merchant boarding. You should not let an early termination fee deter you from changing processors if you are in a bad plan or experiencing poor service. Legally, the competing agent can t offer to pay your termination fee. But he can offer ways to offset that fee. 10

11 What is Interchange Plus Pricing (IC Plus) This type of pricing used to be reserved for Fortune 500 companies. Not any more. Now, even Mom and Pop shops can take advantage of IC Plus pricing savings. Banks are hesitant and sometimes outright refuse to give IC Plus Pricing to small businesses because the banks can t maximize their profits. They d rather sell you enhanced billback or 3 tier pricing, which is much more lucrative. Why interchange plus? As mentioned before, there are 440 different Visa/Mastercard/Discover Categories and you want each one of your sales transactions to qualify for the lowest possible rate category. This is exactly what IC Plus Pricing does. The pricing method places each transaction in the appropriate category and charges the corresponding rate. No other pricing method does this. For example, the most common pricing method, 3 Tier places each transaction according to the processors preferences. The processors prefer placing most transactions in the Mid and Non Qualified tiers as opposed to Qualified tier. Yet, these same processors will sell you on the Qualified Rate Tier. This is a classic bait and switch. IC Plus pricing is pretty simple. There are 3 components that make up your rate. Interchange + Visa/Mastercard/Discover Assessment Fee + Processor Rate Interchange consists of 440 Rate Categories. For most businesses, only about 60 categories will apply. That is still many. The range of rates vary widely from 0.95% + $0.10 for debit cards to 3.25% + $0.10 for certain corporate cards. Assessment fee is the rate Visa/Mastercard/Discover charge for each transaction. Currently this fee is 0.11% + $0.02. This fee does not vary by card or transaction types. The processor fee is exactly that the rate and/or transaction fee your processor charges. This is the only negotiable part of the interchange fee available to the merchant. Please keep this in mind when negotiating with your potential processors. This fee does not vary by card or transaction types. To get the final rate, you simply add up all the components. For example: Visa Retail Transaction Rate would look like this 1.54% + $ % + $ % + $0.13 = 1.75% + $

12 Please keep this rule in mind. Swiped transactions have lowered rates that keyed transactions. Swiped or Keyed business cards have higher rates than swiped or keyed consumer card transactions. Debit card transactions have lower rates than credit card transactions Please remember in choosing your pricing method, keep in mind your effective rate, which you want to lower. The rate range is more important than the lowest rate. The lowest rate only applies to one transaction type. The rate range applies to all the cards and ultimately determines your effective rate. How will the Durbin Amendment Effect My Business? Small businesses will receive the biggest reduction in their credit card processing charges in the history of the electronic payment industry, but only if they are set up correctly. The Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 included an amendment, which will greatly impact your credit card processing or more specifically your debit card processing charges. This Durbin Act will affect both signature and pin based debt interchange rates by drastically lowering them on October 1 st, Normally, the debit card processing rates (debit interchange rates) were set by Visa/Mastercard. The current debit card interchange rates are 0.95% + $0.20 for Visa and 1.05% + $0.15 for Mastercard. The Federal Government led by Senator Durbin has intervened and under the Dodd Frank Wall Street Reform and Consumer Protection Act reduced the debit interchange rates to 0.05% + $0.22. Merchants that process debit cards whether signature debit or pin debit will see huge savings on their merchant account processing statements. Debit, both pin and signature, comprise nearly 50% - 70% off all card transactions. Merchants could see their credit card processing charges cut in half. That is real savings. Unfortunately, many merchants, who do accept a high percentage of debit cards, may not see any savings, because their current credit card processing plan does not allow for the Durbin Amendment reduction. Instead their debit interchange savings will be going to their processors. This is especially true for merchants who are on 3 tier and enhanced billback pricing. The reason is that the processor is not compelled by law to reduce the rates. They are only reducing one component of your rate called, interchange, not the other two components, Visa/Mastercard Assessment and the processor s percentage. So if you are paying 1.64% + $0.20 per debit transaction, the difference of 0.95% to 0.05% will go to the processor and not to the you. 12

13 There is away around this dilemma and to ensure that your company and not the processor realize the debit interchange savings. This requires the merchant to switch to interchange plus pricing. This will guarantee that you will receive the reduction. The reason is that under IC Plus pricing, the processor is compelled to set the interchange rate at the current bank rate and then add his percentage on top. If the interchange rate is.05%, the processor must use that percentage as his base line and then add on its percentage of say 0.50%. In the 1.64% example above the processor has bundled his interchange and its percentage together. This is fixed pricing. As long as interchange is below 1.64%, the processor is going to charge that rate. Durbin Amendment Examples: Reduction in Interchange $100 Avg. Transaction Current Visa Debit interchange $100 x 0.95% + $0.20 = $1.15 Durbin Amendment Interchange $100 x.05% + $0.22 = $0.27 An example of how debit reduction will save you 50% or more on your debit transactions. Joe s Auto Repair has a $100 dollar average ticket. Joe pays 1.64% on swiped debit transactions. $100 x 1.64% = $1.84 Joe pays on average $1.84 per transaction. Joe heard about the Durbin Amendment and has decided to switch processors to receive Interchange Plus Pricing. IC Plus Savings on Debit Transactions: $100 x.05% + $0.22 = $0.27 Then we add in Visa/Mastercard Assessment (0.11% + $0.02) $100 x.11% + $0.02 = $

14 Finally, the processor fee of 0.50%: $100 x 0.50% = $0.50 Add the charges all together Total: $ $ $0.50 = $0.90 Over 50% savings over the current debt transaction rate. 14

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

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

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 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

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

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.

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. 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 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

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 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

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

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

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

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

HOW TO SET UP A MERCHANT ACCOUNT WITHOUT GETTING RIPPED-OFF

HOW 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 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

Adjustment A debit or credit to a cardholder or merchant account to correct a transaction error

Adjustment 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 information

Payment Processor Secrets Page 1

Payment 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 information

Sales Agent. Fast Start Training Part 1

Sales 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 information

How to Choose the Right Credit Card Processing Company

How to Choose the Right Credit Card Processing Company How to Choose the Right Credit Card Processing Company How To Choose The Right Credit Card Processing Company If you're in business these days, you need to accept credit cards. The problem is, which type

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

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

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

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

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

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

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

How to read your statement basics IRS Reporting Early Termination Fees Contract Renewals Equipment Leases & Free Equipment PCI Compliance General

How 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 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

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

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

K.4 Using Credit Wisely After Bankruptcy

K.4 Using Credit Wisely After Bankruptcy Appx. K.4 K.4 Using Credit Wisely After Bankruptcy Beware of Credit Offers Aimed at Recent Bankruptcy Filers Disguised Reaffirmation Agreement Carefully read any credit card or other credit offer from

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

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

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

True 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. 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 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

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

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

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

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

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

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

U.S. Merchant Class Settlement MasterCard Frequently Asked Questions Merchant

U.S. Merchant Class Settlement MasterCard Frequently Asked Questions Merchant U.S. Merchant Class Settlement MasterCard Frequently Asked Questions Merchant Surcharge Q. What is a surcharge? A. A surcharge is an additional fee that a merchant adds on a transaction when a consumer

More information

Guidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees

Guidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees Guidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees Background Over the past few years, the use of credit cards as a payment option for purchasing goods

More information

[ What the Changes Mean, and How to Get Your Share of the Savings ]

[ What the Changes Mean, and How to Get Your Share of the Savings ] Dancing With Debit After the Durbin Amendment [ What the Changes Mean, and How to Get Your Share of the Savings ] By Dan Toughey, President, TouchNet Information Systems, Inc. For the college business

More information

TRUE PRICING. Global Pay Payments. Unveiling the true cost of payment processing

TRUE 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 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

Understanding Your Merchant Fees Presented by:

Understanding 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 information

USING CREDIT WISELY AFTER BANKRUPTCY

USING CREDIT WISELY AFTER BANKRUPTCY USING CREDIT WISELY AFTER BANKRUPTCY Copyright April 2011, Legal Aid Society of Hawai`i All rights reserved. These materials may be reproduced. However, under no circumstances are persons receiving these

More information

How a Fort Lauderdale Dentist Captured 67 New Patients Last Month by Following a Simple, 7-Step Blueprint

How a Fort Lauderdale Dentist Captured 67 New Patients Last Month by Following a Simple, 7-Step Blueprint Attention Dentists: How a Fort Lauderdale Dentist Captured 67 New Patients Last Month by Following a Simple, 7-Step Blueprint Discover a simple, step-by-step process any dentist can use to attract more

More information

Guide for Homebuyers

Guide for Homebuyers Guide for Homebuyers Tips for Getting a Safe Mortgage You Can Afford Q u i c k S u m m a ry Figure out what you can afford. Contact at least 3 different lenders or brokers. When you call, say: I m buying

More information

Point-Of-Sale Research Worksheet

Point-Of-Sale Research Worksheet Point-Of-Sale Research Worksheet This worksheet has been designed to ensure you get the information you need to properly evaluate and compare POS systems. Point-Of-Sale Research Worksheet Shopping for

More information

Merchant Processing. Trends and Truths. Roger Raney TransFirst Regional Sales Manager rraney@transfirst.com 941.704.5858

Merchant Processing. Trends and Truths. Roger Raney TransFirst Regional Sales Manager rraney@transfirst.com 941.704.5858 Merchant Processing Trends and Truths Karen Miles US Rice Producers Association Financial Director karen@usriceproducers.com 713.974.7423 Roger Raney TransFirst Regional Sales Manager rraney@transfirst.com

More information

BETTER YOUR CREDIT PROFILE

BETTER YOUR CREDIT PROFILE BETTER YOUR CREDIT PROFILE Introduction What there is to your ITC that makes it so important to you and to everyone that needs to give you money. Your credit record shows the way you have been paying your

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

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you

Mortgage Advisers. The Mortgage Guide Helping you find the right mortgage for you Mortgage Advisers The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make.

More information

Should you have any queries, contact Discovery Insure on 0860 751 751 or email insureinfo@discovery.co.za.

Should you have any queries, contact Discovery Insure on 0860 751 751 or email insureinfo@discovery.co.za. Your use of the Young Adult benefit Rewards Card, which is issued by Bidvest, is subject to these terms and conditions and your use of the card constitutes an agreement between you, the cardholder, and

More information

Integrated Communications

Integrated Communications Integrated Communications Whitepaper: 11 Secrets to Drastically Reducing Your Telecom Costs Integrated Communications, Inc In today s competitive business environment, every penny counts. Smart businesses

More information

Why Data Security is Critical to Your Brand

Why Data Security is Critical to Your Brand Why Data Security is Critical to Your Brand Why security is critical to your brand Cybercriminals do not discriminate based on industry or business size. Security is expensive. At least, it is if you wait

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

Fall Conference November 19 21, 2013 Merchant Card Processing Overview

Fall Conference November 19 21, 2013 Merchant Card Processing Overview Fall Conference November 19 21, 2013 Merchant Card Processing Overview Agenda Industry Definition Process Flows Processing Costs Chargeback's Payment Card Industry (PCI) Guidelines for Convenience Fees

More information

Unveiling the true cost of payment processing

Unveiling the true cost of payment processing Unveiling the true cost of payment processing and how we can save you money. It s All About Results! MERCHANT ACCOUNT BASICS With the advent of Internet and booming of e-commerce, it has become imperative

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

Top 5 Mistakes Made with Inventory Management for Online Stores

Top 5 Mistakes Made with Inventory Management for Online Stores Top 5 Mistakes Made with Inventory Management for Online Stores For any product you sell, you have an inventory. And whether that inventory fills dozens of warehouses across the country, or is simply stacked

More information

10 Things You Need To Know About Your Next Factoring Contract

10 Things You Need To Know About Your Next Factoring Contract 10 Things You Need To Know About Your Next Factoring Contract A guide to the questions you should ask before signing your next factoring contract 5 Star Freight Factoring 1-888-393-5061 Page 1 of 12 Introduction

More information

Leasing. Read Your Lease Prior to Signing It

Leasing. Read Your Lease Prior to Signing It Northeast Print Supplies believes an informed buyer is a cost effective buyer. We have dedicated this page to tips on procuring office equipment, leasing programs, service and cost per page programs. This

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

The Most Important Credit Card Processing Insider s Report Ever Written

The 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 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

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

1/18/10. Walt Conway. PCI DSS in Context. Some History The Digital Dozen Key Players Cardholder Data Outsourcing Conclusions. PCI in Higher Education

1/18/10. Walt Conway. PCI DSS in Context. Some History The Digital Dozen Key Players Cardholder Data Outsourcing Conclusions. PCI in Higher Education PCI in Higher Education Walter Conway, QSA 403 Labs, LLC Walt Conway PCI consultant, blogger, trainer, speaker, author Former Visa VP Help schools become PCI compliant Represent Higher Education at PCI

More information

How To Choose A Search Engine Marketing (SEM) Agency

How To Choose A Search Engine Marketing (SEM) Agency How To Choose A Search Engine Marketing (SEM) Agency Introduction During the last four years, in both good and bad economies, Search Engine Marketing (SEM) has continued to grow. According to MarketingSherpa

More information

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a

The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V0050713a The Mortgage Guide Helping you find the right mortgage for you Brought to you by Hello. Contents We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever

More information

Updates on Credit Card Surcharging and Acceptance. Matt Fluegge, Ron Clifford, Scott Blakeley, Brad Boe June 14, 2016 9:00 am Session Number 25042

Updates on Credit Card Surcharging and Acceptance. Matt Fluegge, Ron Clifford, Scott Blakeley, Brad Boe June 14, 2016 9:00 am Session Number 25042 Updates on Credit Card Surcharging and Acceptance Matt Fluegge, Ron Clifford, Scott Blakeley, Brad Boe June 14, 2016 9:00 am Session Number 25042 Updates on Credit Card Surcharging and Acceptance June

More information

Merchant Application & Agreement Merchant Processing Terms & Conditions

Merchant Application & Agreement Merchant Processing Terms & Conditions Merchant Application & Agreement Merchant Processing Terms & Conditions MERCHANT # (ASSIGNED BY BANK) 100 Throckmorton Street, Suite 1800 Fort Worth, Texas 76102 MCC: MERCHANT APPLICATION & AGREEMENT ASSOCIATION

More information

Good Morning. First, I would like to thank Chairwoman Capito, Ranking Member

Good Morning. First, I would like to thank Chairwoman Capito, Ranking Member Testimony of David Seltzer before the Financial Institutions and Consumer Credit Subcommittee of the Financial Institutions Committee of US House of Representatives. Thursday, February 17, 2011 Good Morning.

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

IMPORTANT INFORMATION BEFORE YOU CHOSE A MERCHANT SERVICE PROVIDER.

IMPORTANT INFORMATION BEFORE YOU CHOSE A MERCHANT SERVICE PROVIDER. IMPORTANT INFORMATION BEFORE YOU CHOSE A MERCHANT SERVICE PROVIDER. CREDIT CARD & ATM SERVICES SERVING LAS VEGAS FOR 10 YEARS NATION WIDE SERVICE PROVIDER LOCAL COMPANY WITH 35 YEARS OF COMBINED BANKING

More information

Get Google AdWords Traffic With Almost No Out Of Pocket Cost!

Get 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 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

Home loans. How do home loans work? TIP Work out how much you can afford to borrow. Factsheet. August 2011

Home loans. How do home loans work? TIP Work out how much you can afford to borrow. Factsheet. August 2011 Factsheet August 2011 Buying your own home may be one of the biggest financial decisions you ll ever make. While a few fortunate people may already have enough money to buy a home outright, most will find

More information

EMV in Hotels Observations and Considerations

EMV in Hotels Observations and Considerations EMV in Hotels Observations and Considerations Just in: EMV in the Mail Customer Education: Credit Card companies have already started customer training for the new smart cards. 1 Questions to be Answered

More information

Go Digital Kuranda Workshop Manual

Go Digital Kuranda Workshop Manual Go Digital Kuranda Workshop Manual Topic 5 Ecommerce Session 2 Get Set! Ecommerce in Depth 1 Topic 4 Ecommerce Session 1 Get Ready! Ecommerce Basics Session 2 Get Set! Ecommerce in Depth Session 3 Get

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

PayLeap Guide. One Stop

PayLeap Guide. One Stop PayLeap Guide One Stop PayLeap does it all. Take payments in person? Check. Payments over the phone or by mail? Check. Payments from mobile devices? Of course. Online payments? No problem. In addition

More information

Google Lead Generation For Attorneys - Leverage The Power Of Adwords To Grow Your Law Business FAST. The Foundation of Google AdWords

Google Lead Generation For Attorneys - Leverage The Power Of Adwords To Grow Your Law Business FAST. The Foundation of Google AdWords Google Lead Generation For Attorneys - Leverage The Power Of Adwords To Grow Your Law Business FAST You re about to discover the secrets of fast legal practice success with Google AdWords. Google AdWords

More information

The 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 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 information

Reputation Management for Local Businesses: Protect Your Image

Reputation Management for Local Businesses: Protect Your Image By: James Iannelli RI Reputation Management www.reputationmanagementri.com (401) 316-2931 1 Introduction As a business owner, you already know that managing a business is a LOT of work; from keeping the

More information

5 Reasons Your Current Credit Card Processor Is More Expensive Than You Thought!

5 Reasons Your Current Credit Card Processor Is More Expensive Than You Thought! 5 Reasons Your Current Credit Card Processor Is More Expensive Than You Thought! It felt like you got a great deal on your credit card processing when you signed up, but suddenly you noticed your rates

More information

1. 3 of the Most Popular Types of Business Funding

1. 3 of the Most Popular Types of Business Funding 1. 3 of the Most Popular Types of Business Funding Credit lines are what most business owners want access to. They are also one of the hardest types of financing to qualify for. To get approved for real

More information

What It Means for You

What It Means for You Autotask Teams with Novera Payment Solutions What It Means for You WHO WE ARE Novera Payment Solutions is an endorsed provider for credit and debit card payment services for Autotask clients. Autotask

More information

Using my PAYCHEK PLUS!

Using my PAYCHEK PLUS! Using my PAYCHEK PLUS! Saving Money Pay day 300 Cost 7.50 2.5% of check 1.75* per visit * Or, get my entire paycheck cashed free by using my first free transaction per pay period to purchase a US Post

More information

Guide for Local Business Google Pay Per Click Marketing!

Guide for Local Business Google Pay Per Click Marketing! Guide for Local Business Google Pay Per Click Marketing! Guide for Google Pay Per Click Marketing - Leverage The Power Of Adwords To Grow Your Business FAST You re about to discover the secrets of fast

More information

Powering e-commerce Globally. What Can I Do to Minimize E-Commerce Chargebacks?

Powering e-commerce Globally. What Can I Do to Minimize E-Commerce Chargebacks? Powering e-commerce Globally What Can I Do to Minimize E-Commerce Chargebacks? Chargebacks are not going away. And now there are new rules. Selling products and services online and using credit cards for

More information

Beginner s Guide to Point of Sale

Beginner s Guide to Point of Sale Beginner s Guide to Point of Sale Are you looking to purchase your first restaurant POS system? Interested in switching to a new restaurant POS? Enjoy reading online guides with informative graphics? Our

More information

Demystifying Credit Card Processing for Nonprofits

Demystifying 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 information

Do not let your eyes glaze over! I am going to save you a lot of money!

Do 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 information

Handbook: The Cost of Borrowing. Learn what you need to know quickly.

Handbook: The Cost of Borrowing. Learn what you need to know quickly. Handbook: The Cost of Borrowing Learn what you need to know quickly. Money Matters Handbook: The Cost of Borrowing Groceries cost. Clothes cost. Furniture costs. And it costs to borrow money. The amount

More information