28. March 2017 / Small Business Resources
At the background of every successful small business, there is a stringent and properly planned business, and at the back of every developing small business is an established plan to budget your small
Retail/Restaurant - Free Terminal Pro
|Set Up Fee||$0.00|
|Credit Card Processing Terminal/Printer-In One||FREE|
|Terminal Replacement Program||FREE|
|Visa/MasterCard Discount Rate*||1.59%|
|Batch Header Fee||$0.30|
|American Express and Discover Set Up||FREE|
|AmericanExpress Rate||See Chart Below|
|Contract Terms||Month to Month|
|One Time Enrollment Fee||$98|
$98 one-time enrollment fee includes
American Express Rates - 3.10%-3.25%
Rates apply to Retail, Restaurant, Service & Professional merchants. Rates vary based on average ticket and annual charge volume
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 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
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 a uthorized, key entering a swipe transaction)
* Limitations Apply (0.0010 Visa/MasterCard assessment fee applies)
21. March 2017 / Small Business Resources
Small businesses don’t have to expand quickly, even though they wish to expand, as inactiveness is one small step away from contraction. They normally work in less aggressive market and don’t have