Sunday, November 7, 2021

5 RULES TO CONSIDER WHEN SWITCHING MERCHANT ACCOUNTS

 5 RULES TO CONSIDER WHEN SWITCHING MERCHANT ACCOUNTS



Switching your payment processing company is really quite easy. Most retailers and eCommerce businesses endure unbearable service fees with their payment processors. What’s worse, they don’t do anything about it. Often, it’s because they don’t know how to switch payment processors. Not to worry, it’s a simple and painless task that can save you money from day one.
    

Switching Credit Card Processing Companies

If you’re in a high risk vertical, you need to look into switching your credit card processing companies ASAP! The good news, you won’t pay heavy fees or have negative repercussions from aggregate payment processors like PayPal or Stripe.

However, there are things you’ll want to understand:

  • Do I have my own terminals or is this a separate service?
  • Does the contract include a termination fee? If so, how much is it?
  • How can my contract require me to cancel?

Once you choose one, your new payment processing company will happily assist you in the transition process, which usually lasts less than an hour. And in a matter of hours, you’ll be set up and operational so you can continue with business as usual.

But how do you pick the perfect merchant account payment processing provider for your business?

RELATED: Are You With The Right Credit Card Processor? <===

Switch Merchant Accounts

1. Customer Reviews — Most reviews and testimonials are meant to sell or market the company owners. Be sure to phone a customer of theirs who operates a business in your industry, especially if you’re a high risk merchant needing a high risk merchant account. In this manner, you can acquire dependable and valuable information on the payment processing company.

RELATED: $0 Credit Card Processing Fee's???- Check Your Statement For These 4 Terms

2. VISA and MasterCard Registraion — Did your merchant account provider enroll with Visa and MasterCard? Work with a trusted partner and make certain you’re protected against fraud and the like. A registered financial commitment during the listing process enrolled companies will most likely take better care of you and your business needs so that they too stay in business.

Payment Gateway Switch3. Recommendations — Do not go asking a lender representative who the best payment processing company is. A merchant account payment processing provider in good standing will represent many different banks as well as payment processing options, and because of this they’ll likely suggest the best possible solutions for your business’s payment processing needs.

RELATED: The Top 7 Ways To Lower Your Credit Card Processing Fees

4. Customer Care — Inquire about their customer services and partnership opportunities. Ask if the business will assign a specific Account Manager to keep an eye on your high risk merchant account and track its monthly progress. Figure out if they have a variety of payment processing options and if they construct long-term business rapports with their clients.

RELATED: What Is a Cash Discount Program and How It Can Help Your Business 

5. Confirm the Rates — Even though you might be searching for the lowest fees, remember that prices that are too good to be true, typically are. Verify on Visa and MasterCard to determine the exact mentioned for your account.

Switching providers to A High Quality Provider like Wholesale Payments is a lot less of a change than you might think. It’s a quick and simple process. Plus, providers like Wholesale Payments do a majority of the work for you.

Then, make sure your payment processing provider is lower in comparison. The payment processor provider should mention all rates and fees at the beginning of setting up your account and give you updates on applicable changes each quarter.

* Below are The Highlights of Wholesale Payments Cash Discount Program & The Benefits For Your Business...ANY/EVERY Business!!!
 
• 0% Credit Card Processing Cost
• $0 Transaction Fee
• Free State-of-the-Art Equipment
• No Hidden Fees
• $45 Flat Fee Per Month  

NOTE: See Video & Attachments Below


RELATED: Your Business Doesn't Have to Pay Credit Card Fees Any More and Probably Shouldn't

Payment Gateway Switch

Contact Wholesale Payments to learn the specifics on how to execute a payment gateway switch. 

To get started today with a quick, free quote with a reliable and reputable payment processing company, like Wholesale Payments, CLICK HERE NOW!
 We have the best rates and the best payment processing solutions in the industry GUARANTEED!

Why Choose Wholesale Payments Cash Discount Program?

Wholesale Payments Cash Discount Program was created to help small business owners take control of their processing costs. 

We are working to build transparency in this industry by educating business owners. 
Their Cash Discount Program with it's Flat $45/mo Fee, AND NO HIDDEN FEES is easy to use!

Learn More About Wholesale Payments Cash Discount Program

If you are interested in learning more about  Wholesale Payments Cash Discount Program with it's Flat $45/mo Fee, and NO HIDDEN FEES  , contact them today!

You can also visit THIS LINK to talk to a Highly  Trained Specialist who can help you go over not only your statements but your entire solution!

If you are interested in learning more about the Credit Card Processing Industry and which processing solution is right for you AND Your Business, simply call 772-237-1017 (24 Hour Direct Line to Leave a Detailed Message) or by email by clicking HERE NOW
!




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Thursday, November 4, 2021

5 Reasons Why You Should Think About Switching Your Credit Card Payment Processor

 

5 Reasons Why You Should Think About Switching Your Credit Card Payment Processor

By: 
Passive Income Expert & Serial Entrepreneur W. K. Little 

So when is the right time to switch payment processors?



Is now the right time to switch payment processors?

Cash or credit? Statistically, most would say credit.

In fact, 80% of consumers prefer spending with a card over cash. Specifically, the breakdown is 54% who prefer spending with debit cards and 26% who prefer spending with credit cards. Point being, accepting card payments is a fundamental of business.

Accepting card payments is a necessity. Paying for credit card processing is a cost of doing business.

But what you're getting to find out is there's ways to
TOTALLY ELIMINATE YOUR BUSINESSES CERDIT CARD PROCESSING FEES!

It’s easy to become frustrated with the fees of a merchant account. It’s just as easy to feel tied down to a provider.

RELATED: 
6 Signs Your Business Needs To Switch Credit Card Processors IMMEDIATELY!

You want to walk away. But you can’t. You need to accept card payments. You don’t have the bandwidth to make a switch. Plus, you signed a lengthy contract that doesn’t expire for … a while.

NOTE:
Wholesale Payments will help your Business to pay off your contract if you meet certain criteria

Can you keep a secret? Because we can’t

We’re not great at keeping secrets. So, here’s the truth: You have options.

As a Payment Processor Provider ourselves, we know the ins and outs of the industry. We not only know what the competition is doing. We also know that you deserve better.

Woah, slow down! Do the words payment processor have you heading for the hills?

Hang with us. We’re not like the others. We don’t try to be.

Hear it from me, as a Credit Card Processing Industry Expert with OVER 30 Years In the Business.

My goal was to partner  with the payment processor I wanted to work with. No lengthy contracts. No high rates.

No locked-in fee structures,
a High Quality Industry Leading Company  like Wholesale Payments.

But, that’s just us. Many other providers take advantage of their merchants.

You deserve better. Here are five signs you should switch your payment processor.

1. Sky-high processing rates are stealing your profits

Processing rates always on the rise? Seeing a cost increase on a monthly account statement is the No. 1 reason merchants leave their current provider.

Providers are notorious for advertising low “introductory” rates and fees, then raising them after you’ve signed in to a term contract. You know this as the classic “bait-and-switch.” This practice makes it difficult, if not impossible, to close your account.

Interchange fees make up the most of the processing costs, and they’re not set in stone. Credit card companies set interchange fees, or “swipe fees,” and update them twice a year. Typically, these rates rise over time. But some providers will use this as an excuse to markup their fees as well.

RELATED: Are You With The Right Credit Card Processor? <===

Extra management and account fees could be burdening your business. Your business may have reached a threshold where it makes sense to consider a switch.

WholesalePayments can help with a price quote to help you determine if you’re ready for a switch. We’re so confident in ourselves that we’ll give you a $500 Visa gift card if we can’t beat your current rate.


2. Extra fees hiding around the corner

At first glance, the advertised rate looked pretty good. But then account statements start rolling in and you realize you’re being nickel and dimed with loads of fees.

Sadly, we see this with many providers. Interchange fees make up the majority of credit card processing costs. But your account statement includes a lot more than just interchange fees.

It’s as if they’re making up the charges as they go. Unpredictable statements are headache-inducing.

RELATED: The Top 7 Ways To Lower Your Credit Card Processing Fees

They’re no way to do business.

Wholesale Payments NEVER charges junk fee's like this with their Industry Leading Cash Discount Program!

Payment processors are notorious for tacking on fees for their services. Even worse, they don’t always disclose them in the sales process. Some fees are fair. Others are not as reasonable, and may not be tied to any service provided to your business. It’s important to note that no fees are truly “hidden.” Any potential fee charged is spelled out in the contract.

* Below are The Highlights of Wholesale Payments Cash Discount Program & The Benefits For Your Business...ANY/EVERY Business!!!
 
• 0% Credit Card Processing Cost
• $0 Transaction Fee
• Free State-of-the-Art Equipment
• No Hidden Fees
• $45 Flat Fee Per Month  

NOTE: See Video & Attachments Below



But it’s likely that these were hiding in a lengthy contract document that was too time-consuming to comb through.  Some fees you may have noticed but thought nothing of. But now, they’re a problem.

Tell me if any of these sound familiar.

  • Set-up fee
  • Cancellation fee
  • Monthly minimum fee
  • Monthly equipment fee

These fees may add up to hundreds or even thousands of dollars a year. You need a credit card terminal to process transactions, and they’re expensive. But if unnecessary fees are ballooning your account statement, it may be a sign you need to switch.

Wholesale Payments will put together a comprehensive statement to show you what you can expect.

We will review it with you line by line, so you know every dollar.

No surprises. That’s business the right way.


3. Compatibility issues slow you down

Incompatible equipment shouldn’t interrupt your bottom line.

Compatibility issues can prevent you from realizing your full potential.

In today’s climate, e-commerce and contactless payments are the new norm. You don’t want to have to turn down transactions because you can’t process them.

In most cases, providers identify and correct compatibility issues early. But there’s a chance your provider isn’t keeping up with the times. After all, it’s work to update equipment aptly.

In 2020, the pandemic shifted many purchasing preferences. It’s not just card payments that are the norm. Contactless payments have grown to mammoth popularity.

According to a January survey, 75% of Millennials said they preferred contactless payments. Another 70% of Gen Z shoppers said they liked it, as well. Some 65% Gen Z respondents even said contactless payments were a “must have” for merchants.

RELATED: 
What Is a Cash Discount Program and How It Can Help Your Business 

We’re not saying you need to spring into action based on every trend. But you deserve the option to.

Updates lagging? It may be a sign you’re due for a switch.

Wholesale Payments can help put the right credit card processing equipment in your hands. Plus, we stay up on the latest updates. We’re always up on industry trends. You never miss a beat.

4. Customer service always on hold

Few consider the importance of good customer service until they need to use it. Sadly, not all customer service is created equal. Some providers tend to focus more on acquiring new accounts than they do taking care of the ones they have.

Typical is to outsource customer service operations. Or worse, replace it with an automated answering machine. Neither is the most helpful.

There are tell-tale signs that a business has good customer service support.

RELATED: 
Your Business Doesn't Have to Pay Credit Card Fees Any More and Probably Shouldn't

Things to look for include an in-house support option with a designated point of contact for issues. Another is reputation. Businesses, like Wholesale Payments, 
use Trustpilot for customers to leave reviews. The Better Business Bureau is another worth checking out.

Point being, you deserve on-site support and a person who knows your business. Wholesale Payments has (human) support that can work with you to resolve any issues or questions.

Our support team is local, in SEVERAL Areas of The Unite Sates, and can provide comprehensive support.

5. Lengthy contracts have you locked in

Lengthy contract terms are extremely unpopular. To get a good introductory rate, that often means signing a two or three-year contract. You did, and now you feel stuck.

Just because you signed on the dotted line doesn’t mean you are out of options. It still may be time to think about switching providers. Closing your account is tricky, but it can be done. You may need to time it so your account closes before a renewal takes effect. But it’s possible, and it may be simpler than you think.

RELATED: 
$0 Credit Card Processing Fee's???- Check Your Statement For These 4 Terms

Penalties for canceling a contract are hefty. We’re talking thousands of dollars. Even worse, providers who tack on significant fees are often the ones that charge early termination fees. You may research a new provider who may be willing to cover some or all of your termination fees.

It’s important you get the help you need. Don’t feel stuck. Accept help.

Wholesale Payments will be transparent with you on your contract agreement. We won’t let you sign anything you don’t fully understand. Oh, and cancellation fees? Not our thing. We’re so confident you’ll enjoy working with us, we ditched cancellation fees.

We may be able to help you out of your current contract. Let us work with you.

Up your payment processor and your Jenga game

Listen, we get it.

It’s basic human nature to plan for the perfect moment. But there may never be a perfect moment to make the switch. Too many elements are at play. Switching might feel stressful, like pulling a Jenga block. One false move and the whole tower collapses all over the floor. In reality, it’s nothing like that.

Switching providers to A High Quality Provider like Wholesale Payments is a lot less of a change than you might think. It’s a quick and simple process. Plus, providers like Wholesale Payments do a majority of the work for you. Wipe the sweat from your brow and pull that Jenga block with confidence.

We know you might still be on the fence.

Sure, you have frustrations with your current payment processor. But it works. Plus, it’s synced up with your inventory system. Swapping providers would disrupt current flow of operations, wouldn’t it?

Not in the least bit.

Our swaps are seamless — unlike Indiana Jones’ idol swap in Raiders of the Lost Ark. You won’t be chased by a giant boulder.

Wholesale Payments integrates with most every inventory system. Our systems integrate with QuickBooks, Shopify, Woo Commerce, and Aloha, just to name a few. And, we do that work for you.

So, when is the right time to switch providers?

There’s no time like the present.

Let Wholesale Payments show you how.

Why Choose Wholesale Payments Cash Discount Program?

Wholesale Payments Cash Discount Program was created to help small business owners take control of their processing costs. 

We are working to build transparency in this industry by educating business owners. 
Their Cash Discount Program with it's Flat $45/mo Fee, AND NO HIDDEN FEES is easy to use!

Learn More About Wholesale Payments Cash Discount Program

If you are interested in learning more about  Wholesale Payments Cash Discount Program with it's Flat $45/mo Fee, and NO HIDDEN FEES  , contact them today!

You can also visit THIS LINK to talk to a Highly  Trained Specialist who can help you go over not only your statements but your entire solution!

If you are interested in learning more about the Credit Card Processing Industry and which processing solution is right for you AND Your Business, simply call 772-237-1017 (24 Hour Direct Line to Leave a Detailed Message) or by email by clicking HERE NOW
!





Connect with me on Facebook
Like My Fan Page on Facebook
Subscribe to my Youtube channel
Add me to your circle on Google+
And
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Saturday, October 30, 2021

6 Signs Your Business Needs To Switch Credit Card Processors IMMEDIATELY!

 6 Signs Your  Business Needs To Switch Credit Card Processors IMMEDIATELY!
By: 
Passive Income Expert & Serial Entrepreneur W. K. Little 


If the photo above accurately depicts how you feel when reviewing your monthly credit card processing statement, then this article is for you. While every business owner understands that paying for credit card processing is a necessary cost that ultimately helps to increase your sales and profitability, it’s easy to become frustrated with all the hidden fees that come with maintaining a merchant account.

As a Leading Credit Card Processing Expert, here are my top action items designed to help your business save money when accepting credit card payments this year and beyond:

RELATED: "$0 Credit Card Processing Fee's??? (Yeah Right!)- Check Your Statement For These 4 Terms"

Unfortunately, hidden fees are just one of many things that can go wrong in your relationship with your credit card processor. Expensive equipment leasing fees, constantly rising processing costs, and poor customer service when you have a problem are just a few of the problems you could face after you’ve signed up with a provider other than Wholesale Payments. These problems are all compounded by the fact that many providers will lock you into a long-term, automatically-renewing contract that makes it very difficult (and possibly quite expensive) to drop them in favor of a competitor.

NOTE: ONLY Wholesale Payments GIVES it's Clients FREE State Of The Art NEW Equipment With NO Long Term Contracts!



In this article, we’ll discuss 6 of the most common problems that can arise when working with a credit card processor.

Although the number of specific things that can go wrong is virtually unlimited, most issues that merchants encounter generally fall into one of these six major categories of problems. Other than transitioning to Wholesale Payments Cash Discount Program, which is simple & seamless, dropping your current provider and switching to a new one may be difficult and expensive, as well as potentially leaving you without the ability to accept credit cards during the transition.

We’ll explain which problems are serious enough to warrant switching providers, and which are not. Finally, we’ll give you some pointers to make changing providers as smooth and painless as possible, if that’s the best solution.

1. Expensive Equipment Leases

“Well, it seemed like a good idea at the time.” That might be what you’re thinking after you’ve watched your credit card terminal leasing fees pile up month after month until you realize that you’ve spent more than the terminal costs to buy outright – and there’s no end in sight to your lease.

We get it. You need a credit card terminal to process credit and debit card transactions in-person, and they’re kind of expensive (especially for a small business that’s just getting started).

NOTE: ONLY Wholesale Payments GIVES Most of It's Clients a FREE State-Of-The Art Plug And Play Terminal!

Paying a relatively small monthly leasing fee 
sounds like a better deal than dropping several hundred dollars on a shiny new terminal that might become obsolete in a few years. Credit card processors know this, and they’ve come up with all sorts of arguments aimed at convincing you that a lease is in your best interest. It saves you money on up-front costs, they’ll say. It’s a tax write-off, they’ll say. It protects you in case your terminal is ever damaged, they’ll say.

RELATED: Are You With The Right Credit Card Processor? <===

Unfortunately, none of these arguments are true when you consider the total cost of ownership if you lease a terminal. Put simply, leasing a credit card machine is never cost-effective in the long run. Most standard leasing contracts lock you into a four-year lease that cannot be canceled for any reason.

You’re effectively on the hook for all 48 lease payments as soon as you sign your contract. While $25 a month to lease a terminal might sound like a good idea in comparison to spending several hundred dollars to buy the same equipment outright, those monthly payments will add up to $1,200 over the life of your lease.

Even then, you 
still won’t own your equipment. Considering that the average full-featured credit card terminal can be purchased for around $200-300, this is a huge rip-off.

Credit card machine leasing has gained such a terrible reputation in the processing industry that most providers who offer leased equipment do so through subsidiaries or third-party vendors. Ironically, some of the worst credit card machine leasing companies in the industry work on behalf of some of the largest and best-known processors. A good example of this is First Data Global Leasing, which doesn’t even try to hide its relationship with mammoth processor First Data.

NOTE: ONLY Wholesale Payments GIVES Most of It's Clients a FREE State-Of-The Art Plug And Play Terminal!

Being stuck in a terminal lease is reason enough to consider switching providers. Unfortunately, you’re very unlikely to avoid paying the remaining monthly payments on your lease, regardless of the circumstances. Check to see when your leasing contract started and how many monthly payments you have remaining. The total of these payments is what it will cost you to get out of the lease.

And on top of all this unfortunately, leased equipment provided by your old processor will usually have to be returned in order to close your account, even if you’ve made all the monthly payments required under your leasing contract.

RELATED: $0 Credit Card Fees! - Your Business Doesn't Have to Pay Credit Card Fees Any More and Probably Shouldn't

2. Hardware & Software Compatibility Issues

Overpriced leases aren’t the only equipment issues that might cause you to rethink your relationship with your current merchant account provider. Compatibility issues can prevent you from realizing the full potential of your processing equipment or even block you from being able to accept credit/debit card payments at all.

Likewise, software compatibility issues can affect payment gateways and virtual terminals and are a particular concern for ecommerce merchants.

While most compatibility issues can be identified and (hopefully) corrected when you first set up your account, you should also be concerned about the possibility that your provider isn’t keeping up with the latest changes in processing hardware.

RELATED: Are You With The Right Credit Card Processor? <===


 This is a particular concern if you’ve been with the same provider for a long period of time. For example, not being able to accept EMV payments because your provider hasn’t upgraded your credit card terminal to an EMV-compliant machine is a serious security issue and could potentially leave you liable for fraudulent transactions.

The EMV liability shift occurred in October 2015, and since then merchants have been on the hook if they swipe a magstripe on a credit card with an EMV chip and the transaction turns out to be fraudulent.

If you’re still swiping transactions on an old, non-EMV-capable terminal, you need to upgrade ASAP! If your provider won’t help you with this issue, it’s time to find a new provider like Wholesale Payments, The Industry Leader.

The ability to accept NFC-based payment methods such as Apple Pay and Android Pay isn’t as critically important, but it’s still something you should take into consideration. As more and more consumers discover the ease and convenience of paying with their smartphones (or smart watches), they’re naturally going to be more inclined to favor businesses that support this payment method. While not having NFC-capable hardware won’t affect your liability for fraudulent transactions, it could put you at a competitive disadvantage. Fortunately, most modern terminals that accept EMV cards also include support for NFC-based payments.

RELATED: $0 Credit Card Processing Fees: How Merchants Can Boost Business With A Cash Discount Program

Point-of-sale (POS) systems, popular with restaurants and some other categories of businesses, present similar issues when it comes to being able to accept newer payment methods. However, a POS system represents a significantly larger investment than most credit card terminals, and many systems are only compatible with certain processors. If you’re thinking about switching merchant account providers and you own a POS system, you’ll want to do some careful research to ensure that your system will be compatible with a new provider before making the switch.

IMPORTANT- Wholesale Payments Systems Are Compatible, Plug & Play With 99.2% of POS In America!

Any cost savings you hope to realize with a new provider could disappear completely if you also have to replace your current POS system.

eCommerce merchants don’t have as many things to worry about when it comes to compatibility, but there are still potential problems they might encounter. Switching merchant account providers may or may not also require you to switch to a new payment gateway.

Fortunately, Wholesale Payments offers support for Authorize.Net , which is probably the most popular and well-known gateway on the market AND MOST others! If you’re using a proprietary gateway offered by your current provider, you’ll probably have to switch to a new gateway if you drop your provider in favor of a new one.

IMPORTANT- Wholesale Payments Systems Are Compatible, Plug & Play With 99.2% of POS In America!

Virtual terminals can also present some issues when it comes to switching providers. Unlike payment gateways, there isn’t a single virtual terminal that’s widely available and is compatible with any provider. Fortunately, the functionality of a virtual terminal is usually limited to just accepting payments, so you shouldn’t have any problems if you switch products.

If you’re using a card reader in conjunction with your virtual terminal to replace a physical credit card machine, you should probably replace your magstripe-only reader if you haven’t done so already. Unfortunately, EMV-compliant card readers that connect via USB and work with a laptop or desktop computer are still relatively uncommon. This is probably due to the decline in popularity of virtual terminals among merchants now that mobile payments systems provide the same capabilities and work with both smartphones and tablets.

3. High Processing Rates

Watching your processing costs go up with each new monthly account statement is one of the most common reasons for merchants to leave their current provider and switch to a competitor. The credit card processing industry is notorious for luring merchants in with low “introductory” rates and fees, then raising them after a few months. This practice, combined with the tendency to lock merchants into long-term contracts, makes closing your account a difficult and potentially expensive proposition.

Related:  $0 Credit Card Fees! - Your Business Doesn't Have to Pay Credit Card Fees Any More and Probably Shouldn't


However, it’s not impossible, and sometimes it’s worth the added expense to
get away from a predatory merchant account provider, and do Business with The Industry Leader Wholesale Payments

The first thing you need to understand about processing costs is that your provider doesn’t have complete control over them in most cases. Interchange fees are set by the major credit card associations and constitute the majority of your processing costs.

If you’re on an interchange-plus pricing plan, your provider merely passes the interchange fees onto you and takes an additional markup for their services. 

Wholesale Payments Cash discount program eliminates up to 100% of processing fees while enabling businesses to offer their customers a larger variety of payment options.

Membership pricing (also called subscription-based pricing) is similar in that interchange fees are passed directly onto the merchant. However, with membership pricing, you’ll pay a fixed monthly subscription fee instead of a per-transaction percentage fee, which should bring a measure of stability to your month-to-month processing costs.

Wholesale Payments Technology makes it easy for you to offer your customers cash payments, contactless pay, mobile pay, gift cards, and credit card payments without charging you any of the hefty processing fees. By eliminating these fees entirely, you can save your business thousands of dollars per year.

You should also understand that interchange fees aren’t set in stone. There are many different fees that might be charged, depending on the nature of the transaction and what kind of business category you’re in. Each credit card association publishes its own set of interchange fees, and they usually update them twice a year.

While some fees occasionally go up, and others actually go down, the overall trend is for interchange rates to gradually rise over time. While this tendency will account for some of your increased processing costs, be aware that your provider might also raise the markup portion of your fees as well.

Wholesale Payments Cash discount program eliminates up to 100% of processing fees while enabling businesses to offer their customers a larger variety of payment options.

Merchants on a tiered pricing plan seem to be the most affected by gradually rising processing costs. Your provider is always going to set their rates to ensure a profit even when they have to pay the highest interchange fees, so naturally, they’re going to raise your overall rates whenever there’s an increase in any of the underlying interchange fees.

* Below are The Highlights of Wholesale Payments Cash Discount Program & The Benefits For Your Business...ANY/EVERY Business!!!

 • 0% Credit Card Processing Cost
• $0 Transaction Fee
• Free State-of-the-Art Equipment
• No Hidden Fees
• $45 Flat Fee Per Month 
 

NOTE: See Video & Attachments Below


This vulnerability to increased rates is just one of several reasons why we recommend against tiered pricing. If you find that your merchant account is on a tiered pricing plan, we recommend that you either request to change to an interchange-plus plan – or switch providers if your current provider won’t approve it.

Flat-rate pricing, such as that offered by Wholesale Payments brings a measure of predictability to your processing costs. Flat rates also usually don’t rise over time. 

Wholesale Payments Cash discount program eliminates up to 100% of processing fees while enabling businesses to offer their customers a larger variety of payment options.

Of all the various processing rate pricing plans, interchange-plus pricing is the only model that will never be too expensive for your business. However, the various account fees that inevitably come with a full-service merchant account could be a burden for very small businesses UNLESS you use a Cash Discount Program.

Determining when your business has reached the point where it’s advantageous to switch from Square( ONE OF THE WORST CHOICES A SMALL MERCHANT CAN CHOOSE) (or a similar payment service provider) and upgrade to a full-service merchant account can be tricky.

Factors such as your average monthly volume, average ticket size, and relative percentage of debit and credit card transactions all affect this determination.

Wholesale Payments also offers 24/7 customer service, transparent pricing, no setup costs, and will walk you through the setup process with a product professional for FREE.

Obviously, you’ll also want to compare a price quote from a merchant account provider to what you’re paying now before deciding to switch providers.

For help in making an accurate analysis of which option will be best for your business, I highly recommend that you consider grabbing THIS FREE Report.

It tells you everything you need to know about how the various processing rate pricing plans work will help you make the most informed decision on switching providers.

4. High Undisclosed Fees

Merchant account providers are notorious for adding on numerous “junk” fees to their services, often without disclosing them during the sales process.

Now, let’s be clear: Your provider has every right to charge you a reasonable fee to compensate for services they’re actually providing, and to make a reasonable profit from those fees. However, the processing industry is notorious for ratcheting up fees well beyond a reasonable level, and for adding on new fees that aren’t tied to any actual service they’re providing for your business.
If your provider is adding unreasonable fees to your bill, it’s time to consider switching to a new provider like Wholesale Payments Cash Discount Program.

Here are some of the more common fees that frequently get abused:

  • Account Application Fee: Merchant account providers traditionally used to charge a fee of up to $150 just to process your application for an account. While your provider does incur some costs in processing your application, the fee charged is usually way out of proportion to their actual expense. Today, most reputable providers have eliminated the account application fee altogether. In some cases, a provider will refund your application fee in full if they have to turn down your request for an account. The exception is for high-risk businesses, which require much more extensive credit and background checks before an account can be approved.
  • Account Setup Fee: This is another fee that is gradually being phased out due to competition within the processing industry. Your provider wants your business and stands to make a handsome profit by providing you with an account. Setup costs are minimal once an account has been approved and underwritten, so you should never have to pay this fee.
  • PCI Compliance Fee: This isn’t a “junk” fee per se, but it has the potential to be abused by unscrupulous providers who charge a fee without offering any services to help keep your account in compliance. As long as your provider is performing the required security scans, offering data breach insurance, and keeping you informed of any issues that might affect your compliance status, this is a reasonable fee. The industry standard is around $99.00 per year, but we prefer to see this fee charged on a monthly basis.

    For more information, see our article,
    $0 Credit Card Processing Fee's???- Check Your Statement For These 4 Terms
    .
  • PCI Non-Compliance Fee: In addition to charging for PCI compliance, some providers will also assess a penalty if your account is not compliant. This usually occurs if you have neglected to keep your PCI Self-Assessment Questionnaire (SAQ) updated. We consider this to be a “junk” fee because your provider is charging you a penalty without providing any services to help you get back into compliance with PCI-DSS standards. At the same time, it’s easy to avoid ever having to pay this fee by simply keeping your SAQ updated and complying with any other PCI-DSS requirements that apply to your business. We’d also note that most providers, including some of our highest-rated ones, charge a PCI non-compliance fee. However, the better providers will usually notify you that your account is out of compliance and give you a grace period (typically around 90 days) to correct the situation before they begin to assess a penalty.

    NOTE:  ALL WHOLESALE PAYMENTS CLIENTS RECEIVE FREE PCI COMPLIANCE Done For You!!!

    NOTE: See an example of Wholesale Payments compliant signage that'll protect your business in the Attachment below.


    We’d also like to point out that, despite numerous merchant complaints to the contrary, there are no truly “hidden” fees when it comes to merchant accounts. 

    Any fee you could potentially be liable for will be spelled out somewhere in the documents that make up your merchant account contract. It’s your responsibility to review those documents thoroughly before you sign up to avoid unpleasant surprises later on. Yes, we know that wading through pages and pages of fine print is no fun, but it’s imperative that you do it anyway to protect yourself from being taken advantage of by your provider.

Wholesale Payments NEVER charges junk fee's like this with their Industry Leading Cash Discount Program!

5. Lengthy Contracts & Expensive Early Termination Fees

From a merchant’s perspective, the best contract arrangement for a merchant account is month-to-month billing with no early termination fee (ETF). You’re free to leave whenever you want, and with no penalty. This keeps providers on their toes, encouraging them to only charge you reasonable fees for their services and to offer top-notch customer service and support.

Here's where Wholesale Payments Cash Discount Program with it's Flat $45/mo Fee, and NO HIDDEN FEES can dramatically eliminate your businesses exorbitant Processing Fees IMMEDIATELY!

Unfortunately, merchants don’t get to write the contracts – merchant account providers do. It’s in their best interest to make it as difficult as possible for you to drop them in favor of a competitor, and they’ve adopted some very shady practices over the years to keep their customers from leaving.

Today, the industry standard is typically a long-term contract with a three-year initial period. This contract will also include an automatic renewal clause that will extend your contract for one-year periods after the initial term has expired. In effect, your contract continues indefinitely, with only a narrow window of time at the end of the current contract period where you can close your account without incurring a penalty.

Early termination fees are highly variable, but typically run around $300-500. In the worst cases, your contract might also include a liquidated damages clause that could potentially set you back thousands of dollars for closing your account.



We’ll be blunt: Lengthy contract terms and expensive termination fees aren’t so much a reason to switch providers as they are a reason to avoid signing up with a provider in the first place. You should always review your contract before you sign up, and if it includes these terms, you should negotiate a waiver of the early termination fee at the very least.

However, we also realize that many sales agents will fail to disclose or even outright lie to you about your contract terms.
If you discover that you’re locked into a long-term contract after you’ve already signed on the dotted line, it’s time to think about switching providers to honest, reliable , consistent Processors like Wholesale Payments.

Review your contract to find out what requirements your provider imposes for closing your account, and follow them 
to the letter. You’ll want to time this so that your account closes at the very end of your current term, and before the automatic renewal clause goes into effect. It’s tricky, but it can be done – and it will save you from having to pay an expensive early termination fee.

Long-term contracts are extremely unpopular among merchants, and today the reputable providers in the industry like Wholesale Payments will offer you a true month-to-month contract. You’ll typically have to provide 30 days’ notice to coincide with your billing cycle, but you won’t be assessed a penalty for leaving.

6. Poor Customer Service & Support

Few merchants consider the importance of customer service and support until they need to use it. Unfortunately, the processing industry is notorious for providing poor support to merchants after they’ve signed up for an account. We’ve seen literally hundreds of complaints from merchants alleging unhelpful and even rude treatment from their providers’ customer support division. If you have a similar experience, it’s a good reason by itself to consider switching to a different provider.

NOTE: Wholesale Payments also offers 24/7 customer service, transparent pricing, no setup costs, and will walk you through the setup process with a product professional for FREE.

Although the “industry standard” for customer service is pretty poor in the processing industry, there are providers out there who offer high-quality support.

Things to look for include 24/7 telephone support, a live chat option, and the availability of a dedicated account manager who will be your point of contact for support issues. These are ALL the things Wholesale Payments give EACH of their valued Clients

You’ll also want to research a provider’s reputation for customer service online before signing up. The BBB is an excellent resource for this type of information, as well as other consumer protection sites such as Ripoff Report and TrustPilot.

We also analyze the quality of a company’s customer support in our individual provider reviews, so check those out as well.


Wholesale Payments NEVER charges junk fee's like this with their Industry Leading Cash Discount Program!

Here's where Wholesale Payments Cash Discount Program with it's Flat $45/mo Fee, and NO HIDDEN FEES can dramatically eliminate your businesses exorbitant Processing Fees IMMEDIATELY!

RELATED: $0 Credit Card Processing Fees: How Merchants Can Boost Business With A Cash Discount Program

Why Choose Wholesale Payments Cash Discount Program?

Wholesale Payments Cash Discount Program was created to help small business owners take control of their processing costs. 

We are working to build transparency in this industry by educating business owners. 
Their Cash Discount Program with it's Flat $45/mo Fee, AND NO HIDDEN FEES is easy to use!

Learn More About Wholesale Payments Cash Discount Program

If you are interested in learning more about  Wholesale Payments Cash Discount Program with it's Flat $45/mo Fee, and NO HIDDEN FEES  , contact them today!

You can also visit THIS LINK to talk to a Highly  Trained Specialist who can help you go over not only your statements but your entire solution!

If you are interested in learning more about the Credit Card Processing Industry and which processing solution is right for you AND Your Business, simply call 772-237-1017 (24 Hour Direct Line to Leave a Detailed Message) or by email by clicking HERE NOW
!





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