MerchantService.com announced today their online merchant services quote generator which completely changes the way businesses shop online for credit card processing solutions. Much like auto insurance companies, business owners now have the ability to fill out a simple form and receive an instant quote for a new merchant account.
“You can receive an instant online quote in as little as 1 minute and an on-line application is there for you to complete. Just print it out, sign and fax in. We’ll call you back to cross the T’s and dot the I’s, so you can start increasing your bottom line profits immediately. It’s as simple as that,” said Gino Kauzlarich, president of MerchantService.com, Inc.
The program offers Interchange Pass Through (IPT) pricing to all businesses regardless of their size or credit card processing volume. A merchant account that uses an Interchange Pass Through pricing method applies processing fees by adding a small percentage to the actual interchange (Wholesale) rate for every transaction and all dues and assessments are passed through directly at cost. This ensures that a merchant only pays the wholesale rate in addition to a small mark-up that goes to their merchant service provider.
“Because it is a true IPT program, 100% of the Durbin Amendment cost savings will accrue to our merchant’s benefit. Our merchant’s will be free to keep the savings, or pass them on to their customers,” said Kauzlarich.
While there are many merchant service websites that offer basic quotes for a few business types like: Retail, Mail Order, Telephone Order or Internet. MerchantService.com is the first to offer instant online quotes for all major business types, not only taking into consideration acceptance method but processing volume, business type, average ticket and longevity.
In addition to being a valuable resource when comparing pricing online, the quote generator is designed to be very user friendly. Merchant can also utilize this tool to review their existing rates since at least twice a year (generally every April and October), Visa and MasterCard re-assess their processes, regulations and fees then announce rate changes and new fees. Many times existing providers will layer on additional rate increases above the Interchange adjustments.
About MerchantService.com
Established in 1995, MerchantService.com provides leading edge credit card machine and business management solutions proven to increase total sales, accelerate cash flow, improve efficiency and reduce expense. MerchantService.com also features the most economical merchant services pricing program, Interchange Pass Through, for all merchants, and has not raised their markup rates over interchange in 15 years of operations.
