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
Connect with me on LinkedIn