Credit Cards
FIRST DATA FD50-TI DUAL COM CREDIT CARD TERMINAL
(Office Product) FIRST DATA
Merchant saves money with an economical device that combines terminal with printer
Every payment option-PIN-secured and signature debit, Visa®, MasterCard®, American Express®, Discover®, Diners Club International® and JCB®, plus First Data gift and loyalty cards.
Keeps lines moving with fast downloads, as well as a speedy thermal printer that's easy to load and jam-resistant
Answers
I have already made some initial inquiries at credit card processing companies. Most of them suggested that I buy credit card equipment. Is this the right way to go?
You can probably buy some used for cheap.
Merchant Services offers a full line of new and used Hypercom, Verifone, Nurit and First Data credit card machines. Compare Us to your current ...
Where can I get it? I keep hearing about it.
Simple Payment Systems. I was referred from Yahoo answers. I am completely satisfied. I recommend them all the way around.
Best of luck.
Selling credit card processing contracts & equipment to business owners. I have experience in this industry and know how it works, but I have never been on the sales end. The salary is 100% commission plus residuels.
Please only answer if you have experience in the field.
Also, what is your typical work week like?
Hi, I work for a registered MSP for Visa and MasterCard (five years now) and have done sales so I speak from experience.
You can make good money but it won't happen right away. The real money comes from residual income on the merchants you acquire. Although you can make money from selling credit card terminals that will only be enough to put food on your plate while you build up your portfolio.
As you build your portfolio your monthly income will grow accordingly. On average a typical merchant will make you about $25 per month. So when you are first starting off the residual income won't be enough to support you. But as your portfolio grows to about 100 merchants that residual income will now be $2500 a month or more which, when combined with your terminal sales, is enough to make a living. The average sales agent brings in 5 - 8 merchants per month.
Of course, your goal is to have as many merchants as possible in your portfolio and to land as many "big fish" as you can. Landing high volume merchants will make you much more money then landing start-up ecommerce websites as they tend to perform poorly. You also need to make sure you bring on enough new merchants to help offset the ones that leave you. Just like you will be stealing merchants from other sales agents, they will be doing the same to you.
A work week is never less then 40 hours if you hope to keep generating leads. You'll be spending half of your time generating leads and the other half making your sales pitch to the leads you have generated. If you know how everything works then you have a heck of a head start which is good. Lack of knowledge and experience is the biggest obstacle to new sales agents.
Good luck.
Keep a permanent record of sales
Easily imprint credit card info
Pack 100 long sales slips
Today I spoke with our credit card processor. They suggested that if we wanted to have less non-qualified transactions and more mid or qualified, we should buy new equipment. Right now we have Verifone 330's, so our current equipment is pretty old. But does the processor's arguement hold water?
Thanks,
Brad
Brad,
Here is a statement directly from the Visa/MC Interchange Matrix.
"If you utilize terminals, software, services or equipment provided
or configured by any third party, be aware that failure by these systems to correctly and accurately transmit information in the required formats may result
in your transactions not qualifying for the most favorable Interchange levels."
I own a credit card processing company. I started my company when I realized my other business was being ripped off for 5 years by my credit card processor. As long as your machine is working you should be fine. You should be more concerned if you are currently being charged a tiered rate or a pass through rate based on the current VISA/MC/DISCOVER interchange rate. If you have any questions please feel free to give me a call.toll free 877-832-6576. Below is a direct link to the information you requested
http://www.nurit2085.com/matrix.pdf
Regards,
Emil
emilbodenstein@yahoo.com
I am now with Nova credit card processing through Costco and they are charging me 1.99% per transaction. My business is not able to swip the card as we are a manufacture and deal with stores all over the USA. We now use the internet to process our charges and need no equipment.
Simple Payment Systems will give you free software to process cards on the internet, free training, 24 hour live help line,beat quotes from other companies. (They will give you free equipment also if you need it.)
Good luck to you and your business! :-)
Here is the software for you below........
Authorize.net
Unlimited transactions in multiple currencies from nearly anywhere in the world.
Scalability -- We'll grow with your business by supporting an unlimited number of transactions and any business model -- Internet, call center, broadband, wireless and retail.
Unrestricted number of users with one account -- ideal for large sales forces.
Experienced technical support 7 days a week 365 days a year.
icommercegateway.net
DirectLink Gateway
Shopping Cart Systems
FraudTrak Chargeback Protection
Membership Password Management
Payload [Download] Delivery Module
eMail Rules Follow-up System
Affiliate Management Systems
UpSell Suggestive Sales System
Plug'n Pay
Speed the checkout process for repeat customers with One-Click Shopping.
Platform-independent system requires no hosting server permission, installation routines or programming.
Prepare research and reports, import batches, export data, chart sales, and assemble and submit transaction batches.
Track sales trends by amount, sale period, custom account codes, product information, location or e-mail addresses.
Load transaction data directly into your QuickBooks accounting software.
Configure your web site to automatically send follow-up e-mail to enhance customer service.
PC BASED SOFTWARE
Meets up to date compliance standard for Visa and MasterCard
Multiple payment types accepted: credit cards, debit cards, EBT, check verification, guarantee and check conversion!
Customer Database with Recurring and Installment Billing allows you to schedule payment processing according to your specific business requirements
Real time or batch transaction processing
Client software supports card readers, PIN pads and check readers
Buy Cheap
- mophie marketplace complete credit card reader for Intuit GoPayment for iPhone 4
Price: $79.95
Digital signatures; e-mail or text message receipts; sync account information with QuickBooks
Low-profile, soft-touch case allows you to process any major credit card by swiping along the bottom of the case
Quick and easy way to accept credit cards anytime, anywhere using your iPhone 4
Credit Card Processing in Today's World
Most businesses these days, whether a small, family-owned company or a huge corporation, use credit card processing for most, if not all, of their transactions. Have you ever wondered why? Sure, it’s convenient, but what’s wrong with accepting checks or even cash? We at Credit Card Processor .Com would like you to know.
Most companies do business this way for one reason: an increase of sales. With the right kind of credit card processing equipment, you can accept payment from your customers anywhere, at anytime. You can accept and verify payment from all major credit cards, debit cards, electronic checks, and even traditional checks.
Your business can accept payments from your customers anywhere. Gone are the days when customers had to walk into a store to make a purchase. Not only do they buy things online, they can go to a retail site, or to a remote location such as a trade show booth or kiosk with a merchant account .
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Nurit 3020 Credit Card Processing Terminal Machine Office Equipment