Credit Card Processing Services Williston ND

Credit Card Processing Setup & Gateway Access for Clients in Williston ND

Credit Card Processing Setup Gateway Williston NDHave you ever thought about being able to process credit cards for your customers? There is a lot to know and understand as you move through this process. The following FYI’s will provide you with some important tips about Merchant Services and credit card processing.

Credit Card Processing Services Williston ND

  • The “Merchant Service Provider” you choose is often a middle man to the clearinghouse that actually communicates with funding sources (Visa/MC etc).
  • Some Merchant Service Providers require credit checks as part of the application process.
  • Various percentage rates will be offered to you and will be different based on:
  • Visa/Mastercard /Discover activity vs American Express activity
  • Expected volume of sales.
  • Qualified versus Non-qualified Transaction:
    – A fully “qualified” transaction will get you the best processing rate but read the fine print carefully! It is not always easy to process within this environment
    – A partially qualified or non-qualified transaction will result in a higher percentage rate for processing.
  • Your blended monthly percentage rate for processing will likely average out between the “qualified” rate and the higher, non-qualified rate.
  • In addition to the percentages you will pay to process cards, a Merchant Service Provider will likely charge a per transaction fee, monthly account fees, quarterly or annual PCI Compliance fees and even possibly paper statement fees, just to name a few.
  • PCI Compliance testing is now required by most if not all Merchant Service Providers to ensure the privacy and safety of the credit card information you are processing. This is an annual test and you DO NOT want to overlook it as the cost to you can be in the hundreds of dollars, annually.

When all else fails, consult with a trained professional who has experience maneuvering the ins and outs of Merchant Processing.