| HC UserName: |
  santiagovhouse |
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| Date Registered: |
August 16, 2021 |
| Status: |
Tavern Dweller, Credit Card Processing Company |
| Personal Page of santiagovhouse, last updated January 01, 1970 |
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A good merchant service provider will save you thousands of dollars every year. Your customer experience will be affected by the choice you make. A win-win situation is one that is beneficial to both your customers and you. You work with a merchant service provider that is up-to-date, low-cost, helps you with chargebacks and doesn't come with surprise charges every customer who arrives at your door enjoys an easy checkout experience. Quality shouldn't be sacrificed for cost, and the reverse is true.
These are our most frequently asked questions for anyone you're thinking of working with. These questions are what can make the difference between making good and bad decisions. Before we go into this, let's define what a merchant service provider and merchant account provider are. Whenever you are looking special info about merchant services Los Angeles, [url=https://corepaymentsolutions.com/]check out here[/url].
What is a merchant services provider?
A merchant service provider is a company that offers a range of services and products all designed around the acceptance of payments of all types.
These are the guys that provide you with merchant accounts, sell terminals, install POS systems, aid you fight chargebacks, give you the ability to invoice online and sales information -You know what you need. Each merchant service provider has an individual offering, but they all serve as a connection between your business and payment processing. They are your first resource for everything payment.
Okay! Let's tackle the questions.
Questions you should ask a Merchant Service Provider prior to committing
Are there any set-up fees?
Some MSPs do. Some don't. If it's a steep slope, ask why.
Do you charge cancellation fees?
If you're not that handles more than $100k in transactions each month, you should not work with a company that is charging cancellation fees. Why would they want to charge cancellation fees if they don't make money month after month?
Does the contract really last?
Similar idea Similar idea. There are many low-quality merchants in the services sector. It's just the way it goes However, someone who is asking for a 5-7 year commitment combined with a hefty cancellation cost is probably to be one of them. It's generally something to steer away from.
Is there a monthly limit on transactions or processing limit? If so What are the consequences?
This is yet another red flag. Merchants might charge you more when you've had a bad month. Tidal considers this to be absurd since they earn money on every transaction. This means that they could profit more from your successful months. It's a partnership, not one where the merchant service provider beats you up when you're down.
On a similar note Is there any transaction caps? If yes, what are the fees for exceeding it?
Same idea. They already produce more! So why should you be charged?
Is there a member of staff who could assist me with chargebacks
Chargebacks are a constant thorn in merchants' backs, and reputable MSPs like Tidal provide a chargeback assistant to help fight back against chargesbacks and fraud by customers.
What is your company's approach in relation to PCI Compliance?
PCI compliance doesn't necessarily mean you're using PCI-compliant programs. PCI compliance can be an extremely complex subject. Some merchant service providers let the task to the customer, while others provide you with the best software and resources. The latter should be the case.
Why do they charge such a low entry fee? How do they earn their money, and why can't they have a benchmark percentage that they can count on?
Here's the offer. There's no way to give away software, hardware, or insanely low payment processing rates without knowing they'll have to take it and put it in another place. If a price or offer is too appealing to be real, it probably is -- this is the place to look for higher fees than elsewhere. If someone offers you free terminals and 1.5% flat fee, they're profiting from you or are going out of business quickly.
Do you need any assistance with breach?
Certain Merchant Service Providers, like Tidal provide breach assistance in case of PCI compliance violations. It's a great thing to keep in your bag in the event that you're responsible for breach.
What type of hardware and software do you all sell or offer?
The best merchant card, processing service providers will provide you with everything you need to meet your needs, from PCI and HIPAA compliance dashboards as well as sales analytics, mobile and smart terminals to PCI and HIPAA compliance dashboards, and sales analytics. Be sure that the MSP you're looking at has what you need for a reasonable price.
What kind of technical support can they provide?
There is nothing worse than an outage in a rush and your MSP not being available to help. Technical support is available 24/7.
Are they flat rates? Is it flat rate? Interchange plus? Both? How can they aid your company in deciding which is most beneficial for you?
Your MSP must review your statement with you and decide what's best for you. There are many different businesses and, based on your transactions and frequency, you may be better suited to one pricing structure over another. Make sure they do the research to answer that question in detail.
Core Payment Solutions
6513 Hollywood Blvd.
Suite 211
Los Angeles, CA 90028
Phone: (323) 332-9423 |
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