How Can I Save Money?

Get set up with the correct type of account

If set up properly, you may qualify for significantly lower effective rates.

• If most of your customers purchase from you in person, you should most likely be set up with a Retail account.
• If most of your customers purchase by phone, mail or Internet, you should most likely be set up with a MO/TO account.
• If you bill customers regularly without seeing them in person, a Virtual Terminal is ideal.
• If you are a dual-purpose business, such as a restaurant that does catering, it may be beneficial to set up both a Retail and a MO/TO account.

Process batches sooner rather than later

• The risk of fraudulent transactions increases as the period between authorization and settlement increases.
• Higher rates apply if transactions sit in your terminal for longer than 48 hours.  After 72 hours the rates go up again.

Swipe credit cards whenever possible

• If you need to key enter a transaction because the card is not present or the magnetic stripe is defective, it will cost you more. 

Use Address Verification Service (AVS) on MO/TO and Internet Transactions

• AVS checks to see that the billing address and zipcode given by the customer matches the credit card. (Note: AVS will not verify addresses outside of the US.)

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To speak with a credit card processing specialist

call   (800) 742-3975