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Merchant Discounts Rates
Every credit card processor
charges a discount rate to merchants. The discount rate is
the percentage of each transaction that the processing company
charges to handle the transaction for you. Our discount rates
are exceptionally low, at just 1.69% for retail (face to face)
merchants, and 2.49% for Internet and mail order merchants.
High risk businesses may have to pay slightly more.
You need to know what are the Checks by Web, Phone and Fax
Software fees. The only cost in most cases is only about 5
cents per check. The best part is most service providers offer
the check software for free (up to $300 value).
Also a few companies take up to 45 days for charges to appear
as cash in your account. Find out when you can expect the
money from your sales to appear as cash in your bank account.
Real-Time credit card processing / transactions allow your
customers to submit their credit card information over the
World Wide Web, and the charge is automatically approved within
seconds. No person needs to be present for the transaction,
so you can be making credit card charges literally while you
sleep. And with most
merchant account services, your funds
will appear in your bank account within 48-72 hours of the
transaction. We pride ourselves on getting our merchants their
money quickly, easily, and efficiently!
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