Accepting credit and debit cards can significantly boost your business growth, often increasing sales by 80% within the first few months of implementation. The minimal cost of accepting cards is outweighed by the substantial impact on your profits. Banks charge a discount rate based on transaction volume for in-person (swiped) transactions, with higher rates for non-face-to-face transactions such as keyed, phone, mail order, or internet sales.
All credit and debit card sales today must be processed electronically, with funds deposited into your bank account within hours. A transaction fee is also applied for each processed transaction. Monthly statements from the processing bank detail all merchant account activity.
The necessary equipment, either electronic terminals or software, can be purchased outright or on a lease purchase plan ranging from $19.99 to $59.99 per month, and these costs are 100% tax-deductible as business expenses.
Global Merchant Processing Inc. offers a variety of services including Apple Pay, EMV (Smart Chip Cards), ACH/Checks by Phone, NFC, Check/ATM Debit, Electronic Benefits Transfer (EBT), Merchant Cash Advance and Business Loan Programs, Point of Sale Terminal Solutions, Ecommerce and Virtual Terminal, Mobile and Wireless Processing, Gift and Loyalty Cards, and Check Guarantee and Conversion Services.
Let Global Merchant Processing Inc. help your business increase sales and profit.
For more detail, please read our article at
ARE YOU PAYING TOO MUCH FOR CREDIT AND DEBIT CARD TRANSACTIONS?
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