What's worse than software integration?

Feb 21, 2024

So here are a few tips BEFORE you sign with a specific software company:

  • Can your software processor do Surcharge of Cash Discount? 
  • Ask how do I process my credit cards using your software? 
  • Do you have a exclusive credit card processor that you are associated with that would be the ONLY processor I can use? 
    • If they have several options; ask the rates and functionality of each.
  • Does your software for invoicing allow me to put my own Payment Link in the invoice so my customers can click on that to pay me?
  • If the software uses Authorize.Net or USAePay, you would be able to shop around for the best pricing while having complete integration with your software.  (Best of Both Worlds!)
  • Retail business want to know if the software integrates with a credit card terminal/swiper to capture RETAIL RATES CREDIT CARDS & PIN DEBIT CARDS! Retail credit card rates are about 30 bases points lower while Pin Debit rates average around 1%. This is a huge savings to be missing due to the lack of functionality on a software provider. 
So what's the solution?
  • Many of our merchants are saving 1-2% by have a retail terminal in their location that captures the data and uploads it to the payment software gateway. 
  • Some of our merchant use our QuickBooks Plug n'Play to bring in all the sales into their accounting software and not pay the high prices of processing with QuickBook. 
  • Both of the options above may require a 1-2 step reconciliation process from you or you office team but saving anywhere from 1-4%, if you are set up for Pin Debit/Surcharge/Cash Discount Pricing Methods. 
One final example: We had a merchant ask us about Surcharge/Cash Discount, she was already told that her current Industry Software Company was unable to accomodate that request. She call Merchant Processing Solutions to discuss possible options. She choose:
  • The change processors to us and add Cash Discount to her quotes when accepting credit card payments. 
  • We added a line in the invoice that directed the customer to copy and paste the link and following the Payment Portal Instructions.
  • Each week she reconciles 10 - 15 payments in her software. It takes her about 15 - 20 minutes to do. 
She is projected to SAVE over $10,000 this year in merchant processing. 

Want to know about your options with your software, CALL US! 

Merchant Processing Solutions Inc.
954-938-2420








2024 Merchant Processing Industry Trends You Should Know About!

By Merchant Processing Solutions • 11 Feb, 2024
Merchant processing industry continues to undergo significant transformations in today’s rapidly evolving digital landscape. In 2024, both businesses and consumers will experience new trends that promise to make payments more secure, efficient, and convenient. Understanding these new trends will help you increase revenue while maintaining secure, effectient and convenient forms of payment connections for your customers!

By Merchant Processing Solutions • 23 Jan, 2024
Visa / MasterCard Interchange Fee Settlement Recovery.The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws.The settlement creates the following Rule 23(b)(3) Settlement Class: All persons, businesses, and other entities that have accepted any Visa-Branded Cards and/or Mastercard-Branded Cards in the United States at any time from January 1, 2004 to January 25, 2019, except that the Rule 23(b)(3) Settlement Class shall not include (a) the Dismissed Plaintiffs, (b) the United States government, (c) the named Defendants in this Action or their directors, officers, or members of their families, or (d) financial institutions that have issued Visa-Branded Cards or Mastercard-Branded Cards or acquired Visa-Branded Card transactions or Mastercard- Branded Card transactions at any time from January 1, 2004 to January 25, 2019. The Dismissed Plaintiffs are plaintiffs that previously settled and dismissed their own lawsuit against a Defendant, and entities related to those plaintiffs. If you are uncertain about whether you may be a Dismissed Plaintiff, you should call 1-800-625-6440 or view the list of Dismissed Plaintiffs for more information.The Notice has important information for merchants that accepted Visa and Mastercard from January 1, 2004 through January 25, 2019. It explains the settlement in a class action lawsuit. It also explains your rights and options in this case. The court also issued a “Notice of Exclusion” to the Dismissed Plaintiffs and an additional notice to those merchants explaining their right to file claims.Click Here to Submit a ClaimNeed for information? Please give us a call! 954-938-2420Merchant Processing Solutions Inc.Please Call Merchant Processing Solutions Inc. @ 954-938-2420

Start 2024 with No Merchant Fees!

By Merchant Processing Solutions • 08 Jan, 2024
 Merchants no longer have to carry the burden of their customer's credit card fees! Here why and how! MERCHANT BENEFITS: Merchants have been paying the credit card fees to entice customers to pay now and pay later! Merchants get their credit card fees with 24-48 hours with credit cards helping the revenue flow of the business. Merchant are able to sell immediately higher prices product and services when the customer have a credit card with the available. CUSTOMER BENEFITS: Customers can purchase more, higher priced products and services without needing cash. Customers can pay off their purchases when they want to but enjoy the purchase immediately! Customers have 180 days from the date of purchase on the receipt to do a CHARGEBACK! Customers have protection against FRAUD on their credit cards. Customers can track their credit card purchases for taxes. Customers can receive REWARDS/POINTS/CASH BACK from their credit cards to enjoy for a multitude of activities and products! Most credit cards offer some time of warrantee/guarantee with the purchase.Credit Cards, different from Pin-Debt Cards, protect the customer from potential hacking into outside vendor accounts and gaining access into the customer's It is legal in ALL 50 States to offer the Cash Discount Program promoting the acceptance of CASH by the merchant which lowers the cost of purchase to the customer! However, there is NO DISCOUNT for customers who want to pay with their credit cards and reap all the benefits given them by their credit card company! Want to know more on how your business can saves thousands of dollars a year? Call Merchant Processing Solutions Inc. 954-938-2420 Please Call Merchant Processing Solutions Inc. @ 954-938-2420
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