One of the most frustrating things imaginable to businesses who utilize merchant services is when they are faced with paying a higher percentage rate on their credit card machine use than was advertised or promised. At best, this is misleading. At worst, this is a common industry bait and switch pricing tactic. Why is it that so many merchant services providers charge more than the rate promised?
The Steadily Upwards Creeping Introductory Rate
Many times, banks and merchant services providers quote a low introductory rate to make the initial sale with businesses, only to turn around and slightly increase rates again and again, month after month, year after year. These providers hope that either their merchants will not notice, or will not be bothered to change services once they’ve already signed up for one. This is a common occurrence, and many businesses have been victimized by this coercive business practice.
What to Do?
What can you do about it? Well to start, if you have been with the same merchant services provider for a few years and have noticed your prices slowly creeping up, you should contact a reputable merchant services provider and have them perform an account analysis on your most recent statement. They should be able to identify where you have been overpaying, or where your current provider’s policies have put you at a disadvantage, and should be able to help bring more bottom-line profits back to your table. It doesn’t cost anything, and you could save hundreds of dollars a year! Continue reading Why Are You Paying MORE For Merchant Services Credit Card Processing Than The RATE Promised?
When it comes to merchant services and credit card processing, every merchant wants the very best rates. However, there’s much more to what a merchant pays for their monthly services than just one “qualified” rate. Read on to learn what to look for when determining the best credit card processing rates for your business.
Many unethical merchant services companies utilize qualified programs with hidden fees and mark-ups to charge their merchants as much as possible for credit card machine transactions. They may reel you in with an incredibly lucrative credit card processing rate of 1.2% but neglect to tell you that by signing up you are trapped in a three-year contract with a $300 termination fee. Or perhaps they tell you your rate is 1.2% and “forget” to mention the surcharges that are hidden in the fine print. Many people get burned in this way from only paying attention to the low qualified rates.
MerchantService.com announces their new ISO / Agent program for experienced merchant services sales offices and 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.
Benefits of the program include highly competitive pricing, best of breed technology, expert sales and technical support, lucrative commissions and residual income, professional training, wealth of marketing materials, marketing co-op programs, and a lead generation program to drive new business opportunities to the ISO / Agents.
MerchantService.com, a leading provider of merchant account services, is pleased to announce they have released a new article on their website titled “PCI DSS Compliance Mandatory for Credit Card Merchant Accounts.” The article focuses on the required compliance to Payment Card Industry Data Security Standards (PCI DSS) for all merchant account holders, the potential penalties and fines caused by non-compliant credit card processing, and some important guidelines for meeting PCI DSS regulations.
Established in 1995 by founders Gino and Julie Kauzlarich, their mission is to provide today’s leading edge credit card processing and business management solutions to merchants through a consultative approach by educating merchants on credit card interchange fees and practices to ensure they are receiving the best possible rates when accepting electronic payments. Their overall goal is to establish long term successful relationships with their growing family of merchants by representing only their best interests both now and well into the future. Both of which they have successfully accomplished and continue to uphold to this day.
Originally started in Seattle, Washington, MerchantService.com quickly became the 7th largest CyberCash online merchant account reseller in the country during 1998. After miraculously surviving the “dot bomb” fall out of 2000, they reinvented themselves focusing more on retail face to face merchants rather then internet based companies. They now maintain their corporate office in sunny Sarasota, Florida and continue to maintain a full line of merchant account services and credit card machines with a network of Licensed Dealers across the country providing hands-on local sales, service and support nationwide.