How To Lower Your Payment Processing Rates
How to Lower your Payment Processing Rates
Oct 17, 2009
Learn how to lower your current merchant account processing rates for new and established merchants in the high risk, adult merchant, any merchant account service.
Lower Your Payment Processing TIPS from a savvy Merchant.
1. understand more about your merchant account for starters…read your agreements, contracts and understand them completely. This will help you make more with less.
2. do more volume…increase your processing; then call your bank or broker to request a lower processing rate to take visa and mastercard payments.
3. push credit card sales on and offline…use your merchant for online websites sales and offline office sales.
4. lower your charge backs; you ‘should’ not ever get a charge back, everything should be a refund and no charge backs will come in.
5. re-negotiate your contract with your current merchant. speak with someone about your account (broker,iso,bank) and see what they suggest for you to process payments with a lower processing rate.
6. For High Risk / Adult Merchant accounts with the lowest payment processing rates goto http://www.AdultMerchant.org
Adult Merchant offers a Free rate quote and claims to have the Lowest payment processing for the high risk adult industry.
7. for Merchant Accounts with the lowest processing non-adult, no high risk, goto http://www.acreditcard.org/merchant.html
Lower your Payment Processing Rates TODAY and make more money…
WHAT IS A MERCHANT ACCOUNT?
A Merchant Account is an account issued by a bank for processing credit cards. A bank will extend a line of credit to a merchant who wishes to accept payment with credit cards for orders from customers.
WHAT IS CREDIT CARD PROCESSING?
Credit Card Processing is when a merchant processes an order with a credit card. The issuing bank extends a line of credit to the customer for his or her purchase.
HIGH RISK MERCHANT ACCOUNT RATES?
Interchange controls the rates from mastercard and visa and these fees have a complex pricing structure, which is based on the card brand, the type of credit or debit card, the type and size of the accepting merchant, and the type of transaction (e.g. online, in-store, phone order).
WHAT IS YOUR LOWEST RATE?
Interchange controls visa and mastercard processing rate with ALL merchants and issuing Banks. ALL Merchants need to pay Interchange fees…MasterCard and Visa Interchange fees are the single largest component of your merchant rate pricing. All banks and merchant processing companies operate from the exact same Interchange fees, Dues and Assessment costs. *Card Association Interchange is the fee paid by the merchant to the cardholder’s issuing bank for processing a transaction through the system.* Interchange fees are priced at the transaction level and depends on the combination of your industry category code, the method by which you accept the card, the card product you accept and sometimes even varies by transaction size. Don’t settle for any other rate structure – get all other comparative quotes on the Interchange pricing model then come see us ;- )
MasterCard interchange rates are established by MasterCard.
Visa interchange rates are established by Visa.
If interchange rates are set too high, such that they lead to disproportionately high MDRs, merchants’ desire and demand for MasterCard acceptance will drop. If interchange rates are set too low, card issuers’ willingness to issue and promote MasterCard cards will drop, as will consumer demand for such cards. In response to these competitive forces, we strive to maximize the value of the MasterCard system.
Setting default interchange rates at levels that balance the benefits and costs to both cardholders and merchants.
Credit card associations are by far the largest component of the various fees that banks deduct from merchants’ credit card sales, representing 70% to 90% of these fees.
Interchange fees have a complex pricing structure, which is based on the card brand, the type of credit or debit card, the type and size of the accepting merchant, and the type of transaction (e.g. online, in-store, phone order).
our Goal is to collect your info and represent the lowest possible rate you can process credit cards.
Adult Merchant was able to secure processing rates for our clients around 2% – 4.9% for high risk adult merchant accounts, USA and offshore…
WHAT BANKS ARE YOU WORKING WITH?
Adult Merchant has merchant connections with all the largest us and offshore banks.
WHERE ARE YOU LOCATED?
Adult Merchant is located in the United States of America.
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