MerchantService.com announces their ISO / Agent program for experienced merchant services sales offices and ISO agents. The program features an exclusive, registered brand name of Merchant Service Group of “geographical area” for each ISO/Agent.
“To maximize your sales success and build long-term business value ISO / Agents need to market under their own unique brand name, not that of a bank, processor or ISO. Our program is based on them doing so,” says Gino Kauzlarich, President of MerchantService.com Inc.
With twenty plus years of bankcard industry acquiring experience Merchant Services is pleased to announce that Shawn Douglas has taken the position of Director of Business Development.
While studying at West Point and graduating from Boston College, Mr. Douglas began working in the industry as an intern for the President of MasterCard US for two summers. Since then he’s held sales, management and business development positions with Unified Merchant Services, Fidelity National Bank, Moneris Solutions and Chase Paymentech. More recently at TSYS Acquiring Solutions he was responsible for relationships with all VAR’s, Internet Gateways and Cash Advance Program providers. In 2008, Mr. Douglas formed his own consulting company to provide business development expertise to specific channels in the merchant services acquiring industry with credit card processing software, and subsequently merged that company with Merchant First of Marietta, Georgia.
Sarasota, FL – August 15, 2011 – MerchantService.com, a leading merchant services provider of credit card processing, is pleased to announce the release of a new article on their site titled, “Pay the Lowest Credit Card Processing Rates with Interchange Pass Through.” The article focuses on the importance of understanding the technicalities of credit card processing and interchange pass through rates in order for merchant businesses to thrive.
Sarasota, FL – July 13, 2011 – MerchantService.com, a leading merchant services provider of credit card processing, is pleased to announce they have released a new article on their site titled “What Does The Durbin Amendment Mean To Small Business Merchants In America?” This amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act was to take effect July 21, 2011, but has been pushed back to October 1, 2011.
The Durbin Amendment originally aimed to have the Fed set a maximum debit card interchange fee of 12 cents per transaction for banks that had $10 billion or more in assets. However, the final interchange fee to come into play in October will be closer to 21 cents per transaction, and in some cases more. The current industry debit credit Interchange fee averages 44 cents.
“Issuing banks are still the “biggest losers”, but not by as much as originally proposed. And merchants remain the winners, yet it’s highly unlikely most merchants will receive the benefit of the savings because of the acquirers pricing strategy” said Gino Kauzlarich, co-founder and owner of merchant services provider, MerchantService.com. And not all debit cards will be affected by the Durbin amendment. Debit cards issued by small banks with less than $10 billion in assets are exempt. This means that there will be a two-tiered merchant services pricing structure.
Would you like to receive the lowest possible rates on credit card processing for your store or website? Who wouldn’t? By carefully shopping for the best merchant services provider, you can ensure you’re always receiving the lowest possible rates when accepting electronic payments. Read on to learn the dos and don’ts of finding a credit card processing provider.
Do: Find the Most Competitive Pricing Program
With so many options for instant merchant services online, you can be picky when looking for a credit card processing provider. Before you start looking, decide what you want for your store or website. Do you need a wireless credit card machine? Do you need devoted customer service – without the automated recording every time you call? Once you have decided on your main decision points, start looking at different pricing programs. A good credit card services provider should have no problem showing you the savings you’ll experience with their company versus other processors.
Don’t: Pay Higher Rates than You Were Promised
It’s not unusual for a merchant service provider to quote you one price or rate, and then gradually increase your rates. They may not think you’ll notice, or maybe you’re locked into a contract. Read about the company’s track record and what their clients are saying about them. Are merchants happy with this service? Can the company honestly say they haven’t raised their rates from year to year? Continue reading Do You Want Merchant Services at the Lowest Possible Rates?