Credit Card Processing Rate Evaluations

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Credit Card Processing Rate Evaluations

Postby RetailEdge Moderator » Sat Sep 03, 2011 7:57 am

Save Money on Credit Card Processing

Get a Rate Review

As part of our on-going effort to help our customers save money, we'd like to suggest that everyone contact their merchant services provider and ask for a Rate Review. Market conditions and your processing patterns might have changed since your last review and it's possible that you could be eligible for lower rates. Changes in average transaction amounts, total sales volume, different mix of card types, etc. can affect your costs. Most businesses need to initiate rate reviews as processors, like insurance companies, are not motivated to review customer accounts by themselves.

Make Sure You Are Getting the Best Rates

We recommend annual rate reviews with all processing partners. If your current processor is unable to give you a review or you would like a competitive rate review from a RetailEdge processing partner, please contact Michelle Greenfield or Lisa Ford (see contact information below). PPI and MPS offer aggressive rates that should save you money. In addition, by accepting debit cards with RetailEdge and PPI or MPS, you can save even more.

When comparing rates, don't be fooled by promises that sound too good to be true. Comparing rate plans is like comparing apples and oranges. It's difficult and it takes effort. Beware of bait and switch tactics like seemingly low discount rates. Processing companies often make up lower rate structures with expensive extras like statement fees, high per transaction charges, rate surcharges, etc.

Our Processing Parters

Payment Processing, Inc. (PPI)
Michelle Greenfield
Toll Free: (800) 774-6462 ext. 4934

Mercury Payment Systems (MPS)
Lisa Ford
800-846-4472 Ext 4916

By working with our processing partners you:

    1. use your internet connection to process the cards so does not require a extra dedicated phone line and is faster than a seperate terminal,
    2. have the ability to use PIN Debit which can save you money,
    3. minimize data entry mistakes, and
    4. receive 24/7 Support.

If you have any questions e-mail or call us at 800-755-9692.

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