$8 billion dollar windfall for businesses …coming soon?

$8 billion dollar windfall for businesses
…coming soon?

October 2010

This month Bank of America announced that they estimate a decrease in their debit processing revenue of $1.8 to $2.3 billion starting in the third quarter of 2011 due to reductions in fees resulting from the debit interchange reform bill passed into law earlier this year.

According to the Nilson Report, Bank of America handles approximately 25% of the credit card purchase transactions in the US. So if Bank of America is correct in estimating the actual reduction in their income resulting from this law, this means that merchants accepting debit cards from all processors should expect approximately $8 billion dollars in savings per year. That’s an enormous cost reduction that will go directly to the US business owner’s bottom line… or maybe not?

We hope Bank of America is correct that the Durbin amendment will have a significant impact to help small and medium businesses reduce their costs. But what’s likely to happen is that credit card processors will not pass along the entirety of these savings to their clients, reducing the bottom line impact to your business.

At Leap Payments we take a different approach. With our interchange plus pricing plans every reduction in the interchange rates that are set by the card associations and now mandated by legislation are directly and immediately passed along to our clients. You don’t have to call us for a rate review or ask for the reduction, your savings are delivered automatically.

We’re confident that no other credit card processing company is willing to offer this guarantee to their clients. That’s our commitment to your winery and to your success.

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.

$8 billion dollar windfall for businesses
…coming soon?

World Class Payment Solutions

Already with another provider?

We'll pay your termination fee if you move your account.

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