ProcessForLess Merchant Services.homeWholesale VISA/MASTERCARD Rates - SAVEMerchant Support and TrainingMerchant Cash Advances for Merchants and Commercial Invoice FactoringAbout ProcessForLess Merchant Services"Priceless" - Blog for Successful Merchants

Wholesale VISA/MC Credit Card Processing Rates

Processing less than $100,000 per month?

Card Not Present - ECommerce or Phone Orders

2.15% (Debit 1.99%) + 15 Cents Per Transaction*

Card Present - Retail

1.67% (Debit 1.59%)+ 20 Cents Per Transaction*

Processing more than $100,000 per month?

Card Not Present - ECommerce or Phone Orders

2.08% (Debit 1.99%)+ 12 Cents Per Transaction*

Card Present - Retail

1.64% (Debit 1.52%)+ 20 Cents Per Transaction*

Processing more than $200,000 per month?

Contact us for Customized Merchant Rates

All Volume Levels - Show us your Statement, Get a Better Rate!

Fax your statement to (818) 286-1968 - Attn: COMPARE

Apply Now - Merchant Account Application Form

Info Applicable to All Merchant Account Types

Common Monthly Fees for Retail and ECommerce

$8 Statement
$15 Monthly Minimum

Ask us about any Merchant Account terminology you don't understand. IMS practices complete, full disclosure. It's important for Merchants to know about Merchant Accounts as they directly affect your business. Ask your IMS Rep for an education, and they will patietly and accurately detail any aspect of Merchant Services you want to learn about.

Your minimum monthly cost with no sales is $23.00, and the Montly Minimum decreases as fees are generated through your sales.

All accounts have a 1 Year Committment. There is a $99 Cancellation Charge. If you go out of business, the cancellation charge will be waived, but you HAVE to notify us.

We expend a lot of resources in reaching out to our merchants, and feel that a one year committment is both reasonable and beneficial to both.

* Complete Rate Table - Merchants with less than $100,000 in monthly processing. Rates are for Visa, Mastercard, and Discover. We setup Amex for you, but Amex has it's on Rate Structure, and is a separate relationship. Ask us about it. No charge to add Amex to your account.

Tiered Rate Table

Retail Check Cards:                                  1.59%
Retail - Card Present:                               1.67%
ECommerce Checking.Debit Cards:         2.05%
ECommerce Qualified Rate:                     2.15%
ECommerce Mid Qualified Rate:              2.62%
ECommerce Corporate/Foriegn/Non:     3.62%

Retail - Card Present Transaction Fees

20 Cents per Transaction, including Address Verification
20 Cents per Batch

ECommerce, Mail/Telephone/Internet Transaction Fees

15 Cents per Transaction, including Address Verification
15 Cents per Batch

Interchange Plus Pricing

IC + 20bps + 15 cents

You can choose either Tiered or IC Plus for your Merchant Account. Ask us to explain the difference if you don't know.

Interchange Plus Pricing

IC + 20bps + 15 cents

*Complete Rate Table - Merchants with more than $100,000 but less than $200,000 in monthly processing. Rates are for Visa, Mastercard, and Discover. We setup Amex for you, but Amex has it's on Rate Structure, and is a separate relationship. Ask us about it. No charge to add Amex to your account.

Tiered Rate Table

Retail Check Cards:                                 1.52%
Retail - Card Present:                              1.64%
ECommerce Checking.Debit Cards:        1.99%
ECommerce Qualified Rate:                     2.08%
ECommerce Mid Qualified Rate:              2.42%
ECommerce Corporate/Foriegn/Non:     3.42%

Retail - Card Present Transaction Fees

17 Cents per Transaction, including Address Verification
17 Cents per Batch

ECommerce, Mail/Telephone/Internet Transaction Fees

12 Cents per Transaction, including Address Verification
12 Cents per Batch

Interchange Plus Pricing

IC + 15bps + 15 cents

You can choose either Tiered or IC Plus for your Merchant Account. Ask us to explain the difference if you don't know.

 

Contact Us (800) 996-6127

 

Payment Gateways
Authorize.net
QuickCommerce
Virtual Terminals
Online Payment Gateways
Payment Gateways enable ECommerce and provide Virtual Terminals for desktop processing.

Click Here - Gateway Information

Merchant Deposit Timing - How long it takes your credit card sales to get to your bank.
Merchant Deposit Timing

How long does it take your current processor to deposit your money in the bank?

Many Merchant Processors take as long as 7 days to get your money to your bank account.

ProcessForLess averages 48 hours for your funds to reach your bank account, and 24 hour timing is available to qualified merchants.

Interchange Increases

What are Surcharges?

A Surcharge, UpCharge, or Interchange Increase is an additional cost you pay based on:


A: Type of Card

B: Date of Settlement

C: Address Verification

There are over 250 different types of Visa and Mastercard branded cards, each with a different cost.

With a Tiered account, the card types are averaged into a rate level, based on thier type.

If a card does not meet the Checking or Qualified Tier, and gives the consumer Reward Points or Miles, it will fall into the Mid Qualified Tier, and if a Foreign or Corporate Card, the increase is to the Non-Qualified Tier.

The Date of Settlement also has bearing on the level your purchases fall in. Batches settled within 48 hours will always qualify at the lowest possible levels for thier card types.

Address Verification, as long as attempted, will not cause card types to increase in cost.

Many Processors do not disclose these Surchages, and leave them off the Statement, and many feel they have good rates elsewhere until you consider the upcharges to the account.

ProcessForLess will educate you on the best ways to reduce surcharges and accurately disclose and report what you are being charged for each transaction.


 
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