Welcome to Credit Card Processing Facts
Credit Card Processing Facts is striving to help merchants understand the ins and outs or credit card processing. This site is designed to help merchants understand the credit card processing industry so that they can have a firm grasp and understanding or what they are being charged for. We have out together a section on our site that describes all of the terms used in merchant services, we also have provided sample statements for merchants to take a look at. Please fee free to scan the website and learn as much as you can.
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Common Merchant Account Definitions
Qualified Transactions A qualified transaction is classified as one where a credit card or debit card is present and is swiped through the credit card terminal/machine.
Mid-Qualified Transactions A mid-qualified transaction is when you manually key in a credit card number. This is usually a situation where the credit card or debit card is not present and is not able to be swiped.
Non-Qualified Transaction Any credit or debit card that is a business card is considered a non qualified transaction.
Benefits of Accepting Credit Cards When running a business you need to consider that 95% of people have credit cards and about 90% of people will be using them on their purchases. It is a necessity for all businesses to accept credit cards. When people use their credit cards it becomes a more secure way of making payments on purchases. When considering accepting credit cards there are many things you want to look at. One thing is the rates that you will be charge for accepting credit cards. We offer a low 1.69% on all Visa/MasterCard credit purchases and 0% on all Pin Pad debit transactions. We are striving to maintain being one of the lowest processing companies in the county.
Virtual Service 24/7
Our web site is state of the art and is built to handle the needs of our credit card processing and check processing customers. You can complete a service request 24/7/365. Log in to your account to complete a support ticket, or place an order for your terminal and point of sale (POS) supplies.
