The latest trend … increasing transaction fees

September 2009

When it comes to credit card transaction fees we’ve all seen this happen too often lately: credit card processors charge additional per transaction fees for “mid” and “non” qualified transactions and then blame the credit card associations for the extra charges. Typically standard transaction fees vary from $0.20 to $0.25, but the new trend is to charge $0.30 to $0.35 for “non-standard” or “non-qualified” transactions. What’s a non-standard transaction and when does it occur? It can happen anytime you accept a rewards or corporate card or when you don’t swipe a credit card, meaning that the card is not present at the time of the transaction. Everyone accepts mileage or rewards cards issued by Visa and MasterCard, and sometimes runs transactions without swiping the card, and when you do and your account is not with Leap Payments your transaction fees could be higher.

Here’s the rub. On average 80-90% of cards are “non-standard” cards so these transaction fee increases affect almost every sale you make. How do you avoid these fees? Spend time to understand all fees and charges and choose a company that doesn’t add extra fees to your transactions. Leap Payments does not charge merchants extra transaction fees for “non-standard” cards. Run the numbers yourself when you compare rates and check your statement to ensure you’re not overpaying for credit card processing.

Here are just some of the money saving solutions that Winery Payment Solutions offers.

One Account for Everything

You don't need multiple accounts, statement and monthly fees for Visa, MasterCard, Discover and American Express. Stop paying additional monthly fees for statements when you can have a consolidated statement and one account for all your transactions. In addition you don't need a separate merchant account for E-Commerce, Retail sales and Mobile payments. All you need is one merchant account for all your sales channels and no additional fees.

Online Terminal

If you'd like to accept payments without a credit card machine to further reduce your costs and power your wine club, you can use our virtual terminal for all or some of your transactions. You can also connect a card reader and receipt printer to your PC and have credit card machine wherever you take your computer.

Electronic Checks

With our award winning check processing solutions you can scan a check and get paid fast. If you want to stop going to the bank every day to deposit checks, or you want to make sure a check is good before the customer leaves, our e-check solution is right for you.

Gift Cards

Offer your customers the option to buy and pay with gift cards. With every merchant account, you get the first 50 standard gift cards for FREE.

Low Cost Credit Card Machines

With any merchant account we offer credit card machines to meet your needs at the lowest prices possible. Don't fall for a free terminal, there will be fees charged later to make up for the "giveaway".

Merchant Service Advisor

Signing up is a simple step away.

The latest trend … increasing transaction fees

World Class Payment Solutions

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Call Winery Payment Solutions, Inc. at 800-993-6300.