The Value Is In The Details
We always offer frank up front information to our Clients. You're smart
enough to know that no business can stay in business without a profit.
What should you be expected to pay for, right up front no duck and cover.
Here are the basic questions you need to ask:
Ask if the Discount Rate is locked in? Find
out how often they can increase their discount rate and by how much.
Be sure you get a locked in guarantee to give you peace of mind.
Ask about the Non-Qualified Rate.This
is a fee charged in addition to the quoted discount
rate and occurs when there are additional perk fees,
like special corporate cards that offer frequent flyer
miles. Another is having to key in a card for processing,
because there is additional risk when a card is not
swiped. Everyone has to charge
this fee but some charge twice as much as necessary
to make up for that really low (sometimes below cost)
discount rate they quote you.
Ask if there is an annual fee.
Many will charge anywhere from $49.00 to $95.00 as an
annual fee to be paid on the anniversary of your processing
start date or even on a bi-annual or quarterly basis.
In most cases they charge this fee to make up the difference
when offering a low statement or transaction fee.
Beware of the NO charge for equipment. If
they say they are giving the equipment to you for free, then they will
be making up for it in charges and fees. Feel free to ask them how they
make their money, ask about these additional fees.
Discount Fee
Non-Qualified
Discount Fee
Transaction Fee
Statement Fee
Monthly Minimum Fee
Other Fee
Service Fee
Annual Fee
Warranty Fee
Batching Fee
Processing Fee
Set-up Fee
Maintenance Fee
Learn Everything You Need To Know By Requesting Our Complete Disclosure
Checklist.
Electronic Financial Transactional
Services
95 Sue Ann Drive
Dracut, MA 01826
Phone: 978-957-4343
Fax: 978-674-0122
Toll Free: 866-246-8533
Email: info@eftscredit.com
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