Discount rates (percentage charged on each transaction) are based on interchange rates established by the VISA & MasterCard association. Other factors affecting discount rates are your average ticket, monthly volume, whether the card is present or keyed in and other characteristics of your business.
If your business is currently accepting credit cards. Fax your last months processing statement for a free rate comparison.
If you are a new business, we can quote you a rate based on your type of business and estimated average ticket size and volume.
With the stored value program FlexCache, you can offer your customers gift, prepaid, merchandise return and employee cards instead of traditional paper gift certificates within a matter of weeks. Unlike other stored value programs that only cater to national merchants. FlexCache enables your business, regardless of its size, to switch to a stored value card program... quickly and easily. We can even migrate your existing stored value program to the FlexCache program with just a few simple steps.
The benefits of implementing an electronic gift card program are significant. Not only does a stored value card program decrease your operational expenses: but it will also reduce your exposure to theft and fraud: and it can increase your revenue. The FlexCache program features everything you need to issue spending credit ~ all in one package. Click here to learn more about FlexCache Program.
A debit card is a valid card that is used to access your customer’s checking account to pay for goods or services.
There are two types of debit transactions On Line and Off Line. Online transactions require a four digit PIN (personal identification number). An Off Line debit transaction does not require a PIN but does require a signature.
Businesses with goods or services with average ticket sizes of $25.00 or more should benefit by paying lower discount rates or transaction and network fees when processing debit cards as On Line transactions.
Discover and American Express are separate companies that establish their own interchange rates. If you choose to accept Discover we can provide you with a merchant ID number and their discount fee schedule without additional charge.
If you choose to accept American Express, contact American Express at 800-528-5200 and American Express will provide you with a 10 digit merchant Id number and their fee schedule.
For information on our Fleet programs and how to accept Fleet cards, please visit our Wright Express and Voyager pages, or contact us for additional information.
Compass Merchant Services, can also provide your company with Check Truncation and Check guarantee Services. Please ask about these services if applicable to your business when speaking with an account representative.
When your company sets up a merchant account through Compass Merchant Services, we provide your equipment at wholesale prices. We support most Verifone and Hypercom equipment and the Nurit 2085 through Bank of America. We support almost all types of POS equipment through First Data.
If you currently own equipment supported by either Bank of America or First Data, we’ll gladly reprogram your equipment to accept our services free of charge.
