21. July 2017 / Business Loans
Funding your small business is sometimes simple and easy. Your business funding options are limited. You can understand that your friends and family members only can fund your business to some extent,
Mail Order/Phone Order/Service Order
|Set Up Fee||$0.00|
|QuickCommerce- Virtual Terminal||FREE|
|Address Verification Fee||$0.10|
|Visa/MasterCard Credit Discount Rate*||2.09%/$0.19|
|Monthly Gateway Fee||$14.95|
|Gateway -Transaction Fee(1st 250 transactions-FREE)||$0.05|
|Batch Header Fee||$0.30|
|Contract Term||Month to Month|
|American Express & Discover Set Up||Free|
|American Express Rate:||See Chart Below|
Gateway Fees apply to Virtual Terminal Only
Applies to Mail/Phone/Service & Home-Based Merchants
Explanation of Fees
Visa/MC Discount Rate The percentage rate assessed on the sales processed through your merchant account.
Statement Fee Included in your statement fee is your unlimited access to 24/7 merchant support to assist you with any questions you may have regarding support of your equipment, processing and billing questions. Additionally, a paper statement is mailed to you on a monthly basis detailing all your credit card processing activity for the prior month.
Monthly Minimum A monthly minimum is the total amount of discount and transaction fees assessed to your account. You are billed only for your monthly minimum or your total fees that are assessed, whichever is greater.
Contract Term We currently have no contract term for our Free terminal program. You are free to process on a month to month basis and cancel anytime with written notice.
Batch Header Fee A fee assessed to electronically submit an accumulation or “batch” of authorized transactions for settlement and merchant funding.
Downgrades Non-qualified Surcharges also known as “downgrades” are a result of transactions that are assessed higher fees from Visa and MasterCard and are passed on to the merchant. Some non-qualified surcharges occur on specific cards (i.e. Visa Signature Card, Visa Infinite Card, MasterCard World Card, and “foreign” cards issued outside the United States ) as well as commercial cards such as Fleet Cards, Corporate Cards, GSA cards and Purchase Cards. A transaction can also be classified as non qualified if it does not contain all the attributes of a qualified transaction (i.e. batching out the same day a transaction was authorized, key entering a swipe transaction)
* Limitations Apply (0.0010 Visa/MasterCard assessment fee applies)
20. July 2017 / Business Loans
At present, every small business owner would have the resources required to make over a strapping business concept into a favorable outcome. But, before now, that is not how it works. In fact, having