Merchant Services Information

Knowing what type of merchant equipment or software solutions to use for your business can be difficult if you don’t know what you are looking for.  Here are a few quick tips to help you make an intelligent decision.

• Merchant equipment such as the Omni Vx570 also called the Verifone VX570 is a great piece of merchant equipment for retail merchant services transactions.
• Doctor’s offices and medical merchant services merchants have also found success using the Nurit 8020 as well as Authorize.net.
• Retail merchant services companies have also found success using PC-based merchant services solutions such as PCCharge and PCCharge Pro as well as tap and go retail merchant services technology such as the Vivopay 4000.
• eCommerce merchant services providers have found success using PlugNPay ecommerce gateway which also comes with its own complimentary easy to install shopping cart solution.

Want to know more?  Check out Choice Merchant Services merchant services equipment and software solution page and click on what you need to read all about it what solutions are best for you and what solutions can actually be free for your business.

Check out this quick video about Authorize.net’s ecommerce merchant services solutions.

So what are Dial Pay merchant services really all about?

Dial Pay gives you the ability to accept payments through any phone, whether it be a cell phone or a land line.  Here’s how it works:

Step 1: Call a toll free phone number.
Step 2: Enter your account number
Step 3: Enter the payment amount
Step 4: Enter the credit card information and submit it
Step 5: You are then given a confirmation with confirmation number.
Step 6: Within 24-hours, the money has been transferred over into your checking account.

Learn more about Dial Pay Dial charge merchant solutions.

Restaurant merchant services need to be simple and fast.  In order to do that a restaurant needs a fast and easy payment system.  Most restaurants are now seeing the majority of their purchases occur on credit or debit card so it is critically important in the fast paced restaurant business that restaurant merchants get a fast way to accept payments so that their waiters and waitresses and get back to doing what makes the restaurant money – providing good and fast service to their customers.

The top 4 solutions for restaurants that offer very speedy and easy to use transaction processing are:

• PCCharge
• Verfione VX510
• Nurit 8020
• Omni VX570

How do you know that you are working with the best merchant service company?

The best merchant service company would offer:

1. Free merchant equipment
2. Rates as low at 1.05%
3. 24/7 customer service
4. Free reprogramming of existing merchant equipment.
5. Interchange+ pricing options
6. Statement analysis to show you how much money you will be saving with them compared to what you are paying now.
7. Expert advice that can give you the merchant service solution that is best for your unique needs.

When you see the fees that your merchant services providers charge you in your monthyl merchant statement you may think that they are making a small fortune off of you.  The truth is they aren’t.  The companies that are really making a small fortune off of your company are Visa, MasterCard, American Express & Discover.

What the credit card companies do is charge merchant services providers like Choice Merchant Services interchange rates.  The interchange rates vary based on the transaction type.  Yet, in the typical merchant services provider fees that you pay in transaction fees, about 90% of that cost goes directly to the coffers of Visa, Mastercard, American Express & Discover, the remaining 10% of the fee goes to your merchant services processing provider.

So when you negotiate your rate, you will almost always get the best deal by asking for interchange + a few basis points pricing.  This allows your merchant services provider to make a few dollars per month off of your account every month, and gives you the lowest possible credit card processing fees.  If you are working with a volume merchant services provider like Choice Merchant Services – you have a recipe for success.