Credit Cards

You know how powerful a tool of accepting credit cards can be for the growth of your business. There is no need for me to say anything more than the fact that businesses that have not accepted credit cards in the past have increased sales by 70% or more the first few months they let the public know they were accepting Credit and Debit Cards.

 

The cost of accepting Credit Cards is minimal compared to the vast positive acceptance you can have on your profits!

 

The bank charges a discount rate based of your firms volume of the sale amount for Retail (In Person) transactions. When you do not have the Credit Card (Phone, Mail Order or Internet) you are charged more than the swiped retail rate. Usaually, a Mid Qualified Rate or Non Qualified Rate.Today all credit card sales must be through electronic means. Electronic Terminals or Software processes the monies to go into your account within hours. A transaction fee is charged for each terminal transaction, .20 retail and .25 for mail order.

 

The processing bank sends monthly statements each month showing all Credit Card activity. There is a monthly statement fee and a one time application fee.

 

The equipment needed to process Credit Card transactions are electronic terminals or the bank software programs, which can be purchased outright or on a lease purchase plan for 48 months. The equipment you need is determined by how you would accept credit cards. Lease purchases can range from $25.99 to $69.99 per month. All costs are 100% tax deductible as a business expense.

 

ACH/ Checks by Phone, Check/ATM Debit, Electronic Benefits Transfer (EBT), Cash Advance Programs, ATM Machines, Equipment Supplies and Accessories, Ecommerce/ Virtual Terminal, Touchtone Processing, Wireless Processing, Gift And Loyalty Cards and Check Guarantee/ Conversion Services are also available.

 

Let Us Help Your Business Increase Sales and Profits.

 

If you have an interest in accepting credit cards for a new or existing business, please feel free to contact us at: sales@globalmerchantservices.com