Embed Size (px)
DESCRIPTION
Every Business owners are looking for best services with lowest cost. Normally it can be happen but here is the way to set up your merchant account form A world best with lowest rate. Enjoy my presentation! if you need anything, contact James lee at 917-930-3945 or via email [email protected]
Citation preview
1
HOW TO CHOOSE A MERCHANT PROCESSOR
PRESENTED James LeeBank of America Merchant Services
917-930-3945 [email protected]
2
Why accept electronic payment methods? Customers are more likely to buy when they have multiple
payment options and they are more likely to spend more when they use a credit or debit card than check or cash
You receive real-time payment authorization, so less time isspent on collections
With a Bank of America business checking account, your payments are credited to you within 24 hours*
You can reduce the time-intensive effort associated with paper check and cash, as well as track transactions online to obtain
up-to-the-minute account information on credit card purchases
For online purchases, Merchant Services Online provides adaptive risk profiling technology for
additional security
3
Your CHOICES
Choosing a Company to process your credit card transactions can be a daunting task, but just as with any major financial decision that you make, there are two major factors to consider:
• The Company structure and Your Representative
Click here to Learn About us
http://www.docstoc.com/docs/23934144/About-BAMS
• The rate and surcharge structure.
Request my guide to Learn How to reduce your cost
Understanding these two factors can help you make an informed
decision when choosing the best processor for your business.
4
A COMPANY ,You NeedEven before discussing rates, it is imperative to find out about
the Company that will be handling your transactions. Some essential questions to ask the Salesperson are:
• Which Company does the Salesperson represent, and what is their history?• Are the transactions processed in-house or through a third-party company?• What sort of Service and Support is given by the Processing Company, the Sales
Company and the Sales Rep?• How soon are funds deposited into your account?• How long is the contract and what are the penalties for early termination?
Once you are satisfied with the Company that is making the offer, then you examine the rate structure. Please check About Us
You will see our value for your business. Take a look about Bank of America Merchant Services
About Us
5
Click here for More Detail
Let me talk about Your Fees
• Why is that?Every Merchants want to payless.But Very few of them has a best Pricing
• The Answer is very simple.The complex of Fee Structure relating Payment
Services Not easy to know and understand.
• Let me show you how you can get a best Fee Schedule for your business
6
7
HOW TO GET LOW RATES AND SURCHARGES
Do you know this? • Basic processing rates are based on the volume of
transactions processed, the average size of each transaction, the transmission method, and the risk involved.
• Additional surcharges are assessed based on the type of card, the transmission method and other various circumstances.
• In Merchant Processing, one size does not fit all and it is important that your basic rate and surcharge schedule is tailored to your particular business model.
Fax me your statement
• Your Fee?
Statement Review
• Special Pricing
Apply Us
• Cut off your bill
Best way to reduce your fee is to apply for
BAMS Statement Review
8
BASIC PROCESSING RATES
Most companies’ basic rates are very competitive, but it is very important to make sure that you start with the right basic rate structure.
As well as your transaction size and volume, your basic rate
must take into account your transmission method: whether you are swiping the card’s magnetic strip (face-to-face), or keying in the card information (hand-keyed, phone or internet).
For example, swiped transactions pose the least risk for fraudulent transactions, so have the lowest rate, but if the majority of your transactions are processed by phone, and your rate is based on swiped transactions, your true rate will be significantly higher once the surcharges are assessed.
Ask us What is your right Merchant Account Type and how you can get a lowest fee structure.
Also, the per item fee, the per transaction and the batch authorization fee must to taken into account to calculate the true rate.
9
SURCHARGESJust as important as the basic rate are the surcharges that
are attached to it. Surcharges are added when the transaction falls into certain
categories. The are several different circumstances that will cause a transaction to incur a surcharge, but the most common are:
• The transmission method is different to the basic rate method• The type of card used – Debit, Credit, Rewards, Business, Government or
International• The transmission delay – Transactions are not settled within the time frame set by
Visa/MasterCard
When considering a rate, the surcharges must be reviewed at the same time.
For example, if you are a federal contractor, then you must add the government surcharge to your base rate to get your true rate.
For example, if you are whole seller, then you must add the cooperate card surcharge to your base rate to get your true rate.
So My Advise is “ Do not Try to get your low rate!Try to get Your True Low Fee Structure”
10
Example-Something more to know-----
Each Business owner needs to know what is most fit able merchant application to be applied.
For Example, In short, as a government contractor, there are 10 pertinent questions you must ask:
1. Does the company do their own processing, or do they represent a 3rd party?
2. Do they have a local presence for customer service?
3. When are funds deposited into your account?
4. Is there a term contract? If yes, what is the early termination fee?
5. Is the rate being quoted the check card rate or the credit card rate?
6. Is the rate being quoted the swiped rate or the keyed in rate?
7. What are the downgrade rates and what will cause them?
8. *Is the equipment PCI compliant?
9. *Can they do level II and Level III processing?
10. Can they put it in writing?
Frankly Speaking, There are so many other thing you need know in order to make a right choice by yourself. It might take a couple of years so all you need to is to have a right people who can provide right solution even if you do not ask anything and you do know anything about merchant account inside story. We are the one who you can trust .
Let us know about your business then you will get most profitable merchant account.
My Suggestion for You. Stop Thinking! Just Sign up for Free Consultation
• Use Me as Your Trustable Resource.• A 15 years Industry Expert, I am here to help your business with Your Bank & Your
People.• I will deliver most suitable payment solution in most
affordable price.• You will never be able to find any other better resource
if you miss me today.• Most Affordable Fees and Your Account Protections • A most costless deployment for Best-in-Class
Equipment
• Your Benefits with Free Consultation
Unprecedented Product CapabilitiesEnabling payment solutions where and how our customers want to pay
Bank of America Merchant Services
Point-of-sale payments
Credit/debit/check acceptance
Check cashing
International currency solutions
Reporting
Security and compliance
Internet and phone payments
Credit/debit/check acceptance
IP Transport
B to B internet payments
Alternative payments
Terminals and point-of-sale
solutions
Terminals/integrated POS
systems/peripherals
Virtual terminals/PC solutions
Distribution and payment options
Gift and incentive
cards
Merchant and network branded gift
cards
Corporate incentive cards
Rebate cards
Card production
Pay cards and
generalpurpose
reloadable cards
Payroll distribution
services
GPR cards
Financial services network
Healthcare and transportation
spending cards
Mobile commerce
Merchant branded GO-tag
Network branded GO-tag
Loyalty
Real-time rewards
Prepaid rewards
Incentive to action
Marketing analytics
Your Benefits with Free Consultation
1. We Link Right Products and Services that fits Your Business
BEST People!
13
2. Customize Your Merchant Account with your selection
Once you have obtained the essential information with consultation,
you will get our proposal that fits at most for your business. With it,
You will be able to have the right Merchant Processing Solution for your business by selection from variety of options list-we suggest. Your Choice for Your Accounts
Selection of Entitlement
Selection of Equipment Type and Payment Option
And More Accept your Fee Schedule-ProposedApply for BAMS Statement Review
Royalty Card
Terminals Var/Software POS Systems
Payment Option Purchase w/ Discount
Zero Cost Lease
Your Benefits with Free Consultation Apply Now!
14
Equipment Deployment
Available Payment Entitlement
Best In Class Equipment Solution
Royalty Card
Equipment DeploymentLet us talk about
15
• Bank of America Merchant Services offers payment processing solutions for businesses of all sizes, making it easy and affordable for you to accept credit and debit cards.
• Next Day Funding Available for All Major Credit Card Payment• Solutions range from point-of-sale equipment to specialized services for
retail, restaurant and Internet businesses. Provide your customers with more ways to pay, and watch your sales grow.
• Bank of America has customer care and technical support 24/7 by Phone and Online, we are here whenever it is most convenient for you
• Our experienced staff and Advanced Technology can help you set up Most powerful your solution.
We Can Do For Your Business More Than We Can Say Here!
16
There are so many good reasons to process your card payment
with us. All I would like to say is
Stop your Shopping! Stop Your thinking! Just ask us! We will prove it!
17
We know your Business, You will get what you need. We are here to help your business with world most powerful payment solution at most affordable pricing. Sign up for free consultation Now for your business growing
