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The Durbin Amendment went into effect as of October 1, 2011. Unless you are on interchange plus pricing you will not get 100% of its benefits. This means you will be spending more than you need to for your credit card payment processing. Read more here.
Does Your Credit Card Processor Make You Feel Helpless & Angry? If So, You Are Not Alone!
If your current credit card payment processor has promised you the moon, but failed to deliver, I'm positive I can come up with a solution you'll be happy with.
What Are Your Credit Card Payment Processing Needs?
Before I can offer any solutions, first I need to know what your current payment processing needs are. Do you need:
- to take mobile payments on your cell phone?
- credit card processing for your Internet store?
- to turn your computer into a credit card terminal?
- get a merchant account for your new business?
- your terminal updated to the latest technology?
- a solution to prevent customers from giving you bad checks?
- to increase your profitability with gift cards or loyalty cards?
- to make the switch to a wireless terminal?
- to place an ATM at your place of business?
- all of the above plus great processing rates?
Low-Risk Businesses
If you have excellent, good, or fair credit and operate a small business on the low-risk list, your credit card payment processing rates will be much lower than a business on the high-risk list. Some of the low-risk businesses are listed below. This list is not exhaustive by any means.
- gas stations
- convenience stores
- markets
- retail stores
- restaurants
- motels/hotels
- campgrounds
- flea market merchants
- home businesses
- doctors, dentists
- psychologists
- and more
High-Risk Businesses
Maybe your business falls into the high-risk category and you're having a hard time finding any payment processor to work with you and give you decent rates. Your search stops with me. I will work with you to get you the payment processing services (at an excellent rate) that your business needs to grow and thrive. This list of high-risk businesses is not exhaustive.
- astrologers, psychics
- adult entertainment
- auto finance companies
- business opportunities
- new or used car sales
- shopping clubs
- credit repair
- dating or matchmaking
- dropshipping
- electronic cigarettes
- firearms
- timeshares
- gambling
- and more
Your Free, No Obligation Statement Cost Analysis
The first step to finding a solution that meets your needs is doing a statement cost analysis. The statement analysis gives you a point-by-point comparison of your current payment processing rates and my rates. These are guaranteed, not just approximations. The analysis usually takes anywhere from a few hours to two days. Once this is finished, we get together for a few minutes (or talk on the phone) and go over the results.
Get your statement analysis by emailing or faxing a statement from the past three or four months. My contact information is here.
North American Bancard is a registered ISO/MSP of HSBC Bank USA, National Association Buffalo, NY and Wells Fargo Bank, N.A., Walnut Creek, CA. American Express and Discover require separate approval.