I have been working in the merchant device industry since 2005 and as I think back on it it is funny see how much it has changed since then.
Here are some examples about how the payment processing industry has changed.
1. In 2005 we had requests come in weekly for mail order merchant services. Today, mail order is a thing of the past.
2. In 2005 Smart Phones did not exist. Mobile merchant services was referred to as witless merchant services and the only companies that wanted wirlessless merchant services were charter fishing companies. Back then, people used services like dial pay, or a wireless merchant equipment that was big and bulky by today’s standards. Today, Choice Merchant Services gives our merchants free merchant equipment that plus direcly into a iPhone, iPad, or Droid. We get many new requests for this new form of mobile merchant services weekly.
3. In 2005, most merchants got merchant services pricing that had unique qualified, mid-qualified, and non-qualified rates. Today, most merchants request interchange plus pricing – it is almost always a better deal.
In 2012 we are the only provider that gives away free merchant equipment to ur providers and offers merchant services processing rates that start at 1.05%. In 2005 things were not this good for merchants. It seems that 2012 is better than 2005 for those merchant that do merchant services processing.
