1. Merchant Accounts: What Visa, MasterCard and American Express are discount rate?
- Each manufacturer has set the processor. Discount prices can vary from a minimum of 1.59% up to 5.0%. The discount rate is not really a reduction. This is a% of sales that the companies and credit card charges entrepreneurs to be able to offer its customers pay by credit card. Was (Example: If you saw $ 10,000 in sales in one month and the discount rate2.5%, then you pay $ 250 in visa fees for that month.)
- Prices vary and depend on the business model, revenue, not average revenue per customer, the type of goods and services of your company, such as processing payments for your products and services: on-line by telephone, mail, or - Shop influence on the overall discount rate of your company will be eligible.
- Ready for high-risk cases, however, was higher. Companies, the lowest, firms haveprocess payments via: E-commerce, telephone (IVR), and by e-mail are usually within "high risk" umbrella.
2. If caught, "" smear Visa, MasterCard and American Express Discount Rate to a different drummer?
- Most providers of payment processing is a discount for transactions that must be entered into the POS terminal, instead of screwed into the POS terminal. However, there are some exceptions for some companies that have payroll again.
3. WhatTransaction fee?
- Transaction costs are often shifted well as financial operations. Every company has at least one payment transaction fee for the course and generally for the operation of the credit card. He was aware that any transaction will be considered at the POS terminal a transaction and a fee applies is whether this is an empty, debt, repayment of the credit card number, etc. in the vicinity
- Transaction costs can vary from 0.05 cents to 0.50 cents and can have differentFor each type of surgery, although the typical POS terminal transaction fees are between 0.08 cents to 0.15 cents. Fresh Trading IVR, PC & D operations are usually much higher, from 0.35 cents to 0.50 cents.
4. What is the monthly cost for the point-of-sale terminal?
- Most banks, payment processing companies offer: only the rental program of POS terminals. Rents can range from $ 20 to $ 100 per month range depending on the type of POS terminal of your businessrequired.
- Private label payment processing companies usually only offer: hire-purchase or buy-out option on their POS terminals. Lease-to-own is usually carried out at 48-month lease with a buy-out option of 10% at the end . Lease - to-own POS Terminal prices range between $ 30 - $ depending on the type of POS terminal 80th Buy-out prices POS, typically run from 999 U.S. dollars - $ 1800 depending on the type of POS terminals.
- *** Two very important questions to ask before buying a POSDirectors: a) What are the warranty conditions? B) Smart Card POS Terminal Ready?
- Pros & Cons vs. rent. Have you:
Advantages: If you lease a terminal point of sale, if you need a new POS terminal, will normally be repaired or replaced at no cost to you.
CONS: Location simple: you pay the rent for ever. If you've been renting a POS terminal for $ 40 per month for 5 years, then only pay $ 2400th If you've been renting a POS terminal for 10 years at $ 40/month then only spent $ 4800 ¬ active in your organization. If you have a basis for the POS terminal at least $ 1000 and now have another activity in your company.
Side note: private labels and more companies are offering some kind of lifetime warranty, and sometimes at no additional cost, sometimes also cause additional costs. However, it is always the question of whether the property or whether it is better to rent ...? - I'll let you decide!
5. What are the costs for the facility?
- Any Payment Processing CompanyCosts incurred, some more than others. Set-up costs of $ 50 may be between 300th - $ In general, costs are one-time costs for Visa, MasterCard, Amex, and debit cards - usually about $ 25 per card. Some companies also charge an initial setup fee of POS terminal or a fee for the initial training. Set-up costs can vary greatly from one company.
6. It is an admission fee?
- Treatment of payments are not all companies have a feeHowever, some companies do. It is generally a non-refundable fee if they are accepted or not. New applications range from none to $ 300th
7. Declaration should we pay?
- Payment of Wages have not all companies a tax return, but not by all. Declaration of the average fee is usually about $ 5 or free if you are ready to receive your statement to come to you via e-mail. I do not know if it's a penny, nickel and taxes, or if the companies try to go green ...? IHere you can decide!
8. There is pay for a solution?
- All companies in the processing of payments for expenses. Settlement costs vary from 0.05 cents - $ 5.
9. There is no minimum fee of transformation?
- All companies developing minimum standards of service charge payments of $ 5 - $ 25 Often there is a minimum amount of treatment for each type of paper that have changed. Basically, what this means, if you have not enough work, which have relatively high costscontinue to pay the minimum each month.
- For example: Suppose your discount rate of 1.85% on Visa and make your $ 1000 sales this month and the minimum visa is $ 10. Be ', 1.85% x 1000 = $ 18.50 in taxes for a visa this month. Thus, after eliminating the minimum $ 10 and you have nothing to fear. Well, if you have the same speed and the minimum, but you have a turnover of $ 250 this month visa. Be ', 1.85% X 250 = $ 4.62 in taxes for a visa this month. Therefore,no less, would be required to make the difference up to $ 5.38 for.
10. We should pay Gateway?
- Payment Processing Most companies usually free the bridge, but usually only for IP POS terminals, PCs and e-payment solutions, e-commerce. Gateway fees vary from $ 5 to $ 45 per month.
11. There are no monthly maintenance?
- Some payment processing companies do not have different monthly maintenance fee. If they have, there are usually fees thatwith IVR, PCs and e-commerce solutions, but some companies have solutions also for POS terminals.
12. If it fresh and value-added?
- Some payment processing companies have a commission on the monthly price and others do not. This fee is usually between $ 5 - $ 10 per month.
13. We should pay for poor performance?
- Most companies in the processing of payments has a small monthly fee Achiever. Achiever low fees range from $ 5 - $ 20. Therefore it is important that you get monthly / yearlyEstimate of the total sales volume of applications correctly Express, Visa, MasterCard and American. Most merchant account providers have CLEMENCE 25% -35% of the errors. If you are unsure, it is always better to underestimate the amount of your / monthly sales each year when applying for a credit card merchant account.
14. It is to pay a debt?
- Most companies pay the processing fee for chargebacks. Flow can be between $ 10 - $ 50 A chargeback occurs when the cardholder in possession of aDispute on a Visa or MasterCard or American Express transaction that comes from your company. If the card holder wins the case, we will refund the money and get free chargeback - is a similar right to bounce a check.
- It is always the burden of proof to show that a merchant has the cardholder to use or have purchased the product or services of your company. That is why it is so important to ensure that your purchases with a credit card that the signature corresponds to the back of the cardThe owners of the credit card and if not ask for photo ID.
15. What are the hours for technical support?
- Most companies in the processing of payments has a Help Desk / Technical Support. But not all are 24 / 7. Some are better than others. The best thing to do is get the # help desk and offered him an invitation for a couple of times during the day, what kind of service you get to see.
16. How long can a new point of sale terminal in your business, if my POS is not working andcan be connected via the telephone?
- The business of processing payments, progressing to this point. Some may have on each other within 24 hours, 2 to 4 weeks to a new POS terminals for you. The question you should ask yourself how long your company can be without work in your company?
17. How long does it take to get a first shot with the full outfit?
- Most companies in the processing of payments are usually at least 2 weeks (sometimes up to 4-6 weeks) for yourApplication is processed, merchant account set-up POS terminal programmed and ready for your company provided for the deployment. However, there are a few payment processing companies that make a loan in your company in just five days.
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