Merchant Account Blog & Credit Card Processing Blog

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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.

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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

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HIGH RISK MERCHANT ACCOUNT - Online Pharmaceutical

We now offer a solution for Online Pharmaceutical Sales to accept credit cards. As you probally know, these fall under the catagory of a high risk merchant account. Merchant selling Online Pharmaceuticals have historically fund it almost impossible to find credit card processing for these ecommerce sales.

Please feel free to give me a call to discuss your needs.

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

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HIGH RISK MERCHANT ACCOUNT

We now have a solution for online tobacco sales, such as ecommerce cigar sales. As you know online tobacco sales requires a High Risk Merchant Account. Several issues including state tobacco taxes and sale of tobacco to minors are the main reason for the high risk classification. Many merchants have spent alot of money to design a tobacco website, only to find out that they cannot get credit card processing for their ecommerce website.

We are adding high risk payment solutions to assist merchants who have been declined elsewhere. Our solutions will very based on the business types and amount of business history. Certain solutions may require more paperwork, set-up fees, higher rates, and rolling reserve accounts, but keep in mind that we can get you approved to accept credit cards with a high risk merchant account.

In summary, if you have been declined by other processors, we are confident that we can get you approved. Give me a call to discuss your credit card processing needs.

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

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High risk merchant accounts are for business types deemed high risk when compared to the average business type. The risk of chargebacks is usually higher in these business types and they are deemed “Undesirable” by most merchant account providers. The risk for the merchant account provider is that many chargebacks could come through the account and the merchant may not have the funds available to cover each chargeback. In this situation, the merchant account provider may be left holding the bag.

The amount of acceptable risk will very for each processor. Some may accept more risk than others. Typically you may be accessed a higher rate and/or you may have to have a “Reserve Account” set-up to insure that you can cover all potential chargebacks that may be assessed against your account. Further keep in mind the “Excessive Chargeback Rule” set forth by Visa & Mastercard. Under this rule, if your chargebacks exceed 1% of your monthly volume, your account must be closed.

Here is a small list of business types which may be considered “High Risk”:

Adult Products
Bail Bondsen
Coin Shops
Computer Sales
Door-To-Door Sales
Gun Sales
Insurance Products
Kiosks
Multi-Level Marketing
Pawn Shops
Pharmaceuticals
Seminars
Time-Share
Travel Sales
Used Car Sales
Water Purifiers

This is a partial list of merchant types that may find it hard to get approved for a merchant account. 

If you are having trouble getting a merchant account, please call me to discuss your options.

MARK SANDS
http://www.usa-merchantaccount.com
 

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