Merchant Account Blog & Credit Card Processing Blog

Welcome back!

VERIFONE VX510 CREDIT CARD MACHINE

The Verifone Vx510 brings about a revolutionary change in the credit card machines of today and are known for being “Big Things in a Small Package”. With its unique features, this Verifone terminal has been rated as the most ideal credit card terminal for the needs of a merchant today. Aside from the basic features of being able to process credit and debit cards, and checks, the Vx510 has a number of new value-added features that make it stand out among other credit card equipments. These terminals have long served to be efficient, reliable credit card machines and it has grown in popularity among merchants because they are always designed keeping the needs of the client in mind.

Basic features of the Verifone Vx 510

The Verifone Vx510 has a number of features which make it an extremely useful and appropriate credit card machine. Its most important features are:-

• Accepts all magnetic-striped cards, including mini cards, and also processes checks
• In-built Pin pad for debit card transactions
• Multiple payment facility, such as loyalty, gift cards and more
• Convenient, high speed, in-built printer
• Latest security shields are approved by credit card providers Visa and MasterCard for all types of PIN entries.
• High speed dial-up connectivity
• Superior graphics capability
• Has a plug-and-play verifone terminal which is easy to install and use

Advantages of the Verifone Vx 510 credit card processing

The new Verifone Vx510 is said to be a leader among most credit card terminals today due to its several advantages. This terminal has been integrated with a number of beneficial features which allows the merchant to conveniently operate his credit card equipment.

• This lightweight and ergonomic design of this verifone terminal is easier to use
• The backlight feature and intuitive ATM interface of the machine reduces errors by clerks
• The VeriCentre file compression and high speed in-built modem allows makes it one of the fastest credit processing terminals.
• This credit card machine’s compact footprint saves counter space
• The built-in security features of the Verifone Vx 510 makes it reliable and safe
• It supports various peripheral devices that can be attached to it
• The multi-merchant facility allows the merchant to use this credit card terminal even if he owns more than one business or has to process transactions separately for separate merchants within one establishment.

The Verifone Vx510 is a very convenient and advantageous credit card machine for any merchant requiring credit card processing terminals. The reputation of terminals go a long way back as being simple, convenient and high-technology credit card equipments and have never failed to satisfy clients. Its various user-friendly features make it one of the most desirable credit card machine for all kinds of merchants. The Verifone Vx510 boasts on being “Big on what matters, Small where it Counts” and after reviewing all its advantageous features, it is undeniably one of the most valuable credit card machines in the market today.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

If you enjoyed this post, make sure you subscribe to my RSS feed!

Credit Card Mahines At Wholesale Prices

Found a new website offereing credit card machines at fantastic prices to the public. Both new and refurbished credit card machines are available. Great opportunity for existing merchants replacing a terminal or new merchants looking to accept credit cards.

They also offer credit card machines for mobile merchants looking for a wireless terminal. These will process credit cards virtually anywhere a signsl is available. The benefit would be to actually swipe a customers card and give the customer a receipt, on the spot.

Company also provides credit card printers, contactless readers, and electronic check readers.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Consumer Credit Line Cutting Has Begun !!!!!!

Starting last December, credit card companies have begun to cut credit card limits on consumer credit cards. The cut backs seem to be across the board for all consumers, as even cardholders with +700 credit ratings are feeling the pinch. In an effort to reduce their risk, credit card companies will put a strange on the average business owner, by not only cutting their credit lines, but reduce the buying power of consumers and other business owners, as well.

These actions are sure to increase the pain of the current recession, by snowballing the slowing spending on both the consumer side and the business investment side. As spending slow’s, more jobs will be cut, more mortgages in default, and more folks seeking the social safety nets of welfare.

We firmly believe that things will get worse, before they get better.

Today, we had a new President sworn in, as the 44th President of the United States. We’ve handed the reins to a social idealist, with many Anti-Capitalistic Idea’s in his heart.

Not sure if this is a time for social change, when financial growth is the crisis that will destroy the well-being of every American.

SOCIAL CHANGE ??????  FINANCIAL CRISIS ??????

God Bless America !!!!!!       DIGG THIS NOW !!!!!!

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

Understanding Your Merchant Account Responsibities !!!!

If you are shopping for a new merchant account, you need to understand what you are getting into. Many times business owners are in a rush to set-up credit card processing for their business, they overlook the fact that they are entering into a contract that has many responsibilities and rules to abide by.

Many times merchants will find out the hard way, by being fined or getting their merchant account shut down. In some instances, merchants are “TMF’d” which means they lose their privilege to accept credit cards in the future. It surely make more sense to understand your responsibilities and model your business to conform with the rules set-forth by Visa and Mastercard.

Accepting Credit Cards - A Privilege:

Understand that being accepted to accept credit cards is a privilege, not your right !!!! Should you take this lightly, you could find yourself losing this privilege, permanently. That’s right, permanently !!!! You could personally be banned from ever accepting credit cards, for any business endeavor in the future. 

Unhappy Customers Can Destroy You:

An unhappy customer can create havoc on your business. Credit card holder’s have the right to call their credit card company and dispute a transaction on their credit card. These disputes have the potential of becoming a “Chargeback” to your business. A chargeback is simply a reversal of the charge, from your bank account, back to the customers card. These reversals come with very stiff fines to the business owner and could get your account terminated. Here some key points to avoiding chargebacks.

• Offer A Superior Product Or Service
• Quickly Resolve Customer Service Issues
• 100% Unconditional Return Policy
• Toll Free Customer Support
• Maintain Signatures + Shipping Records

Exceeding Volume Limit’s:

Every merchant account agreement has an “Average Monthly Volume” amount for Visa & Matercard. During your approval process, this amount is underwritten by the processor and is usually based on the credit scores of the merchant. If you are approved for that amount, you must process within the limit.

Should the limit become an issue, you must call in to ask that it be re-evaluated by the underwriting department. If your credit scores are too low, you may not get an increase.

If you simply ignore this limit, at some point your account will be shut-off.

Exceeding Ticket Limit’s:

Every merchant account agreement has an “Average Ticket” amount for Visa & Mastercard. Again, during the approval process, this amount is underwritten based on your credit scores. From an underwriting stand point, the higher the ticket, the higher the risk. If your account is approved for a certain ticket amount, you must process within that limit. Occasional “High Tickets” should be disclosed on the application, prior to underwriting. Contacting your “Risk Department”, prior to running high tickets is advised.

If you simply ignore this limit, your account could be terminated.

Honor All Cards:

Every merchant account agreement has a “Honor All Cards” Claus. This means as a Visa / Mastercard Merchant, you are bound to honor every credit card transaction presented to your business. That tiny sign at your local diner that states, “$10 Credit Card Minimum” is in direct violation of the terms of the merchant account agreement.

You cannot charge a “Surcharge” on credit card transactions either, this would also be in violation of the merchant agreemnet, as well.

Reserve Account:At any time, at the sole discretion of the bank, the bank has the right to place funds on hold in a non-interest barring reserve account. Reserve account is to protect the bank from future losses due to fines, chargebacks, ect that may come through your merchant account. Hold time-frame will be determined by the bank and is usually for long enough time period to cover future customer chargebacks.

In Conclusion:

As you can see, “Your Privilege” to accept Visa & Mastercard comes with many duties and responsibilities. Failure to comply, could prove to be very costly and cause your account to get “Terminated” and potentially lose your credit card processing privilege in future business endeavours. Play it safe, understand the rules and play by them.

If you have any questions, please feel free to give me a call.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

Saving Money On Your Merchant Account Fee’s !!!!!!!!!!

Saving money on your merchant account & credit card processing fee’s has never been more simple. We have put together a program to save you hundreds, if not thousands of dollars in fees, depending on your current monthly volume. Perfect solution for any business owner looking to cut cost’s.

INTERCHANGE PLUS PRICING - Start Saving Today !!!!!

In the past, this program has been reserved for High Volume Chains, such as Wal-Mart or McDonalds. We have opened the flood gates for any business size to profit from the savings. For those of you who are not familiar with the term “Interchange”, interchange is the cost passed on by Visa & Mastercard which accounts for the majority of your transaction cost’s. Interchange consists of several hundred catagorys which any transaction could fall under. Here and links to the most recent Interchange Schedule’s for Visa and Mastercard, as you will see this is quite complicated.

To simplify matters, most merchant account’s are on a “Tiered System”, consisting of Qualified, Non-Qualified, and maybe Mid-Qualified rate. These tier’s cover any downgrades by Visa or Mastercard in which certain transactions may fall. This simplifies “Interchange”, but alway’s cost’s more in credit card processing fee’s to a merchant on the Tiered System.

BOTTOM LINE - SAVING MONEY LIKE THE BIG BOY’S !!!!!!

We are now offering “Interchange Plus Pricing” to merchants of any size. Previously reserved for large corporations, this pricing schedule will saving you money on your credit card processing fee’s and is available to any merchant account, regardless of size.

Call us immediately for a cost analysis and began saving like the big boy’s.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Merchant accounts processing with 1st National Processing can put there fears aside with becomming PCI Compliant with the complicated standards recently set-forth by Visa & Mastercard. We have simplified the process, making it quite simple for our merchants who process with us.

First, we have painless online survey which will walk you through each step of completing your Self Assessment Questionaire, required for PCI Compliance. Once the “SAQ” is completed, you will receive an email if you need to perform a “Quarterly PCI Scan” of your website or network. You will then receive instructions by mail for performing any required PCI Scans.

Lastly, if you are required to perform PCI Scans the cost is included in our Annual PCI Compliance Fee of only $30.00. This minimal fee is cheap when compared to other processors, who charge $79-$99 and expect you to become PCI Compliant on your own.

If you are looking for more information on PCI Compliance, here’s a great 10 Minute Video that will educate you on the subject.

1st National Processing Customers can begin the PCI Compliance Process by clicking here.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

Business Survival In A Slowing Economy

The key to survival in this slowing economy is to cut your cost’s. Reduction’s in your overhead will stabilize your bottom line profit’s and allow you to ride out this storm. Slowing top-line sales are sure to be felt by most small business, as consumer spending slow’s.

Credit Card Processing Rates

The first place merchants can cut-cost’s is in their credit card transaction costs. Merchant account fee’s can vary from merchant to merchant and saving’s can usually be found for any merchant. Our model has always been to save the merchant money, while providing superior service. Currently we are prepared to beat any rate you are currently paying on an existing merchant account, guaranteed. We also offer an incentive program for high volume merchant accounts to save thousands.

Grab your current processing statements and give me a call to discuss your needs.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

Convenience Store Merchant Account

Accepting credit cards at a convenience store is a must in today’s marketplace. Getting the best rate is equally important to be competitive in your business. We offer special pricing for C-Stores with good monthly sales volumes. Now, convenience store owners can receive special pricing, once only reserved for corporations like WalMart. Saving money on your credit card processing rates & fees has never been more important for convenience store merchant account owners, as we move into a slowing economy.

OTHER C-STORE PRODUCTS:

Convenience store owners looking to reduce their expenses should grab their current statements and give me a call to immediately cut their current credit card processing costs. We look forward to working with you.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

Today is one of the best times in history to apply for a merchant account to accept credit cards at your business. You will find free credit card terminals being offered by many offices in return for your business. Credit card processing has become a must for most businesses and the competition between providers is fierce. This competition in my opinion is the result of the internet, with business owners being more educated by searching for the best deal on credit card processing.

Free equipment like; free credit card machine, free credit card software, and free ecommerce solutions are slowly becomming the norm on the internet. This competition was sparked a couple of years ago and may continue for the near future. No one know when they will “Pull The Plug” on free equipment, but for now it is available and everyone should take advantage of it.

If you are thinking about setting up credit card processing for your business or are thinking about switching your provider, for a much better rate, please give me a call to discuss your needs. We offer free equipment on all new merchant accounts for credit card processing.   

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!

Retail merchants can receive a free Nurit 2085 Credit Card Terminal with the approval of a new merchant account. One of the most versatile terminals on the market today, being compatable with most value added programs. Terminal can hold up to 10 different merchant accounts and is perfect for multi-account applications. Call today.

MARK SANDS
1st National Processing
http://www.usa-merchantaccount.com
1-866 828-8683

If you enjoyed this post, make sure you subscribe to my RSS feed!