Tuesday, June 27, 2023

5 Essentials Services for a Merchant Processor!

When searching for a merchant processing company, you need to do your homework! Don't just go online, sign up with your bank or anyone else until you get a true understand of your company's needs and budget for your payment processing needs. 

                                    

What do I need to look for in a merchant services company?

  1. Are they a local company that can come to you for consultation, installation, training and customer service issues.
  2. What is they pricing model? What are their monthly fees, brand assessments, and fees?
    1. Interchange Plus Pricing
    2. Flat Rate
    3. Tiered Pricing
  3. How effective and responsive is their Customer Service? 
  4. Do you have a dedicated merchant processing rep that knows and understands your business? Do you have their cellphone #? 
  5. Is the merchant processor offering you the right product for YOUR BUSINESS or the only product they have that they can sell/rent/lease to you! Do they offer multiple avenues to accept payments within the same account: 
    1. eCommerce for websites
    2. Retail for in-person sales
    3. Mobile for remote credit card capture
    4. Invoicing or Recurring Payments sent via email
    5. Virtual Terminal for phone sales
    6. QR Code embedded for Text/email/paper payment

Merchant Processing Solutions is a local South Florida company that prides itself on personal customer service, individualize consulting based on YOUR BUSINESS not what we want to sell and fair, transparent rates and fees! 

Check out other processors but make us last, you'll see the difference! 

Merchant Processing Solutions Inc.
954-938-2420


Monday, June 26, 2023

What Is a Credit Card Processing Company?

 What Is a Credit Card Processing Company?


A credit card processor makes it possible for you to take credit card payments by connecting the various services involved in the process. These include credit card networks (Visa/MasterCard/Discover/American Express), issuing banks (the customer's credit card company (Bank/Disney/Amazon) and your own merchant payment processing account (Merchant Processing Solutions or others).

When a customer swipes their credit card at a store or pays online, a credit card processing company (MPS) enables the secure transfer of customer data for payment approval to the Networks, collects the funds from the issuing bank (customer's credit card company) and deposits those funds to the YOUR BANK ACCOUNT within one to two business days.

Prior to this automation, stores would use a "knuckle-buster" machine and swipe a carbon copy of your credit card which the customer would sign. Those would be mailed off to the correct Network. A merchant would get a check sent to them about once a month with their funds! Today, in-person collection of payment pays merchants in 24 hours while card-not-present collection takes 48 hours. As long as the merchant closes their BATCH/SETTLEMENT prior the the processor's daily cut-off time for batching! 

Want a knowledgable and honest Merchant Processing Solutions is your answer! 

954-938-2420

Friday, June 23, 2023

Merchant Processing Solutions makes Clover the BEST POS for Restaurants!

 Let's Talk Clover for Restaurants! 

CLOVER OFFERS THE BEST POS FOR ALL TYPES OF RESTAURANTS!

Clover has implemented a business model similar to Apple, the customer purchases their POS device with basic functionality and purchases additional features from an app store; only using what they need! Clover POS systems include accepting payments of all forms, reporting, managing orders, inventory and employees. Users can add things like payroll, gift cards, and other business management tools. So it basically fits all types of Restaurants and their size! 

Pros

  • A choice of 4  advanced POS devices each by itself can be a standalone system! 
  • A large selection of third-party integration apps such as Marketing, QuickBooks Integration, Waitlist, TimeClock, SeatOn Reservations, Menufy Online Ordering and 193 more!! 

Cons

  • Prices are determined by the level of data you wish to handle on your system.
  • Some users have complaints about difficult installation, faster access to customer service and inevitable equipment failure! As with ALL POS Systems, what happens when something goes wrong?? With Merchant Processing Solutions, you will NEVER have any of those issues... here's why!

Camilo Guzman, Clover Expert Tech


Merchant Processing Solutions heard their customers and hired a full-time Clover Technician. Introducing Camillo Guzman, a 15 year IT and POS Engineer that also was the General Manager of several South Florida Restaurants for more than 7 years. Camilo understands the restaurants issues and how to make them run  smoothly and effectively. Once introduced to the Clover POS for Restaurants, Camillo was hooked! The systems allows for full integration, mobility and functionality for the restaurant needs. The restaurants pays less for merchant processing while the staff makes more in tips. Everyone is happy! 

Call Merchant Processing Solutions TODAY to speak about getting switched over the Clover. Merchant Processing Solutions makes Clover the BEST POS for Restaurants! 

Merchant Processing Solutions Inc. 
954-938-2420