VISA credit assessment guides? Rates and Fees: Usually this is the focus point of any merchant account application and the first question you’ll be asking your provider. Please see Rates & Fees and Interchange Rates Explained for more information. You should know that for all EEA (EU/UK) based companies, doing business within EEA, the EU Commission has lowered the interchange fees down to very low numbers (0.20%-0.30%). On top of interchange fees, the Card Scheme Fee and Acquirer/Provider’s margin are added. The most transparent and »fair« way to be charged for your captured card payments is the interchange++ rate model where you can clearly see a breakdown of exact interchange, CSF and margin. Typical rate is Interchange++1.00%; or 2-3% blended.

Every merchant can agree that customer experience is a key factor in the expansion of any business. However, one of the identifiable points in brand abandonment by customers that employ online payments methods is the risk of frauds and other forms of breaches. With technological advancements at their peak, it is getting increasingly difficult to keep out unwanted hands from businesses. One of the advantages of electronic payment system enabled by innovative technologies such as Blockchain technology is the ability to track customer’s behavior and flag anomalies through transparency and data tracking.

In the credit card processing industry Interchange is generally considered a cost of doing business. For non-profit organizations however, Interchange fees take a bite directly out of incoming donations. Since these donations are the main source of income for charitable organizations, companies often seek alternative methods. Charitable and Social Service Organizations can benefit from Host Merchant Services and HMS Gives, the credit card processing solution specifically designed for them. In addition to the great service and targeted focus of HMS processing solutions, there is a great low rate designed just for these organizations. Read additional details on VISA fees.

Data security: According to Wired magazine, fears about data security is the number one factor that keeps customers from adopting mobile banking. That’s why solid data security is a must-have merchant service. Buying vs. leasing merchant services equipment: If your business occasionally needs a physical POS system or credit card terminal, look for a merchant services provider that offers equipment leasing. However, if you’ll be using the terminal on a regular basis, it’s almost always a better value to simply buy one. A good merchant services provider will be able to advise you on what’s the best option for your individual circumstances.

We have payments systems for all business types. Get a system customized to your needs with full confidence that it will be perfect for your business. We guarantee that you will spend less and be happier with your service than with anyone else. Go ahead and select a processing type below for more info -or- submit the “quick form” and a payment specialist will reach out to answer any questions and help you get set up. See additional info at https://www.hostmerchantservices.com/.