Surcharging credit card
Surcharging is the guarantee way to save money on processing fees. How does surcharging work? It's simple. A surcharge is added on top of credit card transactions. The surcharge is used to pay the monthly processing fees, so the merchant never sees this fee. If you have an unhappy customer that's fine. They can switch to a debit card. Debit cards and prepaid cards will NOT accrue a surcharge. This means the merchant will continue to pay for debit/prepaid processing fees. Even so, expect at least a 50% in savings! Imagine what you can accomplish with the extra savings, buy inventory, marketing material, advertise your business, you can focus on growing your business.
Surcharging DEBUNKED
Surcharging will hurt my customers.
Surcharging is pro-consumer. Unlike cash discounts, which forces customers to pay the service charges, customers have a way to avoid the surcharge fees, by paying with a debit/pre-paid card.
My customers won't understand surcharge.
Whether it is a fee for wifi on an airplane or for parking at a hotel, consumers understand when businesses pass along their costs to the people using a particular service.
My customers will refuse to pay a surcharge.
Real world experience shows that customers either pay the surcharge (e.g. to earn reward points) or switch to a payment form that doesn’t incur a surcharge.
The banks and card network will crack down on surcharging.
Merchants are now legally allowed to surcharge credit card transactions and surcharging programs that comply with the rules are legally protected.
I'll need to retrain my employees.
There’s no need to for any training. Just swipe the card as usual, and the machine does the work. We make sure that credit cards get surcharged every time.
Credit Card Terminals
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Clover POS
Clover POS is a versatile system offering custom hardware, mobile POS, and contactless payments for various retailers.
MC POS
MCPOS POS System suits various restaurant types with multi-language support, easy interface, caller ID, Google Maps, and detailed reports.
ABC POS
ABC POS is a Cloud-Based POS platform that covers all your business needs in operation and management.
Honor POS
Kiosk Self-service Ordering Machine available
Kwick POS
Kwick POS allows business owners to manage data across multiple locations from a single, secure platform
ARE YOU PAYING TOO MUCH FOR CREDIT AND DEBIT CARD TRANSACTIONS?
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 accepted
Credit and Debit Cards in the past have increased sales by 80% or
more the first few months they let the public know they were
accepting Credit and Debit Cards.
The cost of accepting Credit Cards and Debit Cards is minimal
compared to the vast positive acceptance you can have on your
profits!
The bank charges a Discount Rate based of your transaction
volume of the sale amount for Retail (In Person/Swiped)
Transactions. When you do not have the Credit Or Debit Card Card
present or face to face, (Keyed, Phone, Mail Order or Internet) you
are charged more than the swiped retail rate. Usually a Mid
Qualified Rate or Non Qualified Rate applies. Today all Credit Card
and Debit Card sales must be through electronic means. Electronic
Terminals or Software processes the transaction and send funds
directly into your bank account within hours. In addition, A transaction fee is charged for each processed transaction.
The processing bank sends a monthly statement each month showing all Merchant Account activity.
The equipment needed to process Credit and Debit Card transactions are electronic terminals or 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 and Debit Cards in your establishment. Lease purchases can range from $19.99 to $59.99 per month. All costs are 100% tax deductible as a business expense.
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 are also available.
Let Global Merchant Processing Inc Help Your Business Increase Sales And Profit.
