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Reduce your Credit Card Processing
Fees
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In today’s
marketplace, merchants are faced with a complex
set of terminology and conflicting information
when they look to set-up their payment processing
options. From the most complex integrated solution
to a stand alone POS terminal, all card payments
follow the same simple steps. |
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How
a Credit Card Transaction Works: |
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A cardholder
purchases goods or services from a vendor. |
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The vendor sends the transaction
information to a Merchant Bank (Acquirer)
and is reimbursed for the sale less a “discount
fee”. |
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The Merchant Bank submits
the transaction to the Credit Card Issuing
Bank for payment via either the MasterCard
or Visa settlement system. |
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The Card Issuer pays the
Merchant Bank for the purchase less the interchange
fee, through the settlement system |
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The cardholder repays the
Card Issuer for the goods or services originally
purchased from the merchant. |
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 Request
a quote for a Merchant account and/or Credit
Card Processing |
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Vendors,
large and small, established and brand new, benefit
from accepting payment cards and telling their customers
about it:
Increased Sales – Customers spend
more when they’re not restricted by cash on
hand. Accepting payment drives a higher average ticket
for your business and supports additional purchases
that might not otherwise have been made.
Customer
Satisfaction – Today’s customers demand
the flexibility to pay how, where and when they want.
Whether it’s by debit or credit card or a specialty
product, happy customers will be loyal customers.
Operating Efficiencies – Electronic transactions
save you time and money by automating many store
procedures, speeding the checkout lines and getting
you paid faster.
Safety and Slippage – Electronic
payments keep cash on hand at a minimum and reduce
the opportunity for clerical mistakes and pilfering. |
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| Credit Card FAQs |
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What is a merchant account?
A merchant account is
a bank account that you must have to accept electronic
card payments from customers such as credit cards,
debit cards, electronic checks, gift cards, and other
payment methods. PPI establishes a merchant account
on your behalf when you qualify for our payment processing
services. |
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What are the requirements to open
a merchant account?
You will need to fill out a 2-page
application. Depending on various criteria, you may
be asked for personal information, a guarantor signature,
samples of your advertising and/or other business
verification materials. |
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Will changing my merchant account cost me
more than my current provider?
No. In most cases
we insure that your rates will not change. If our
analysis verifies that your rates are high, your
lower expenses become another reason to change your
merchant account. |
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| Will changing my merchant account
require me to change my banking relationship? Absolutely
not! The processor and Merchant Bank will work
with the depository (checking, savings, money
market, etc.) account of your choice. |
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What credit cards can I accept?
Common cards accepted
are Visa, MasterCard, American Express, Discover,
JCB, and Diners Club. |
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| When can I expect money from
my credit card sales to be available in my bank
account? Electronic processing
enables banks to process transactions and credit
your account quickly and efficiently. Funds are usually
deposited in your business checking account within
two business days after you’ve batched your
daily business. We suggest you check with your bank
on its policy regarding availability of deposited
funds. |
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| Request
a quote for a Merchant account and/or Credit
Card Processing |
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| Sage MAS 90 and MAS 200 Credit Card Processing |
