What's worse than software integration?

Trying to intergrate your industry software with a reasonally priced merchant processing company can be very challenging! Why... you ask? It's because software companies have partner agreements with a exclusive processing companies to integrate. These partnerships are legal and most software companies recieve a percentage of each sale along with their monthly fees! This is why most software integrated processing is higher then those without the software. But there are a few steps you could
do to take advantage of your software and get much lower processing rates! 

So here are a few tips BEFORE you sign with a specific software company:

• Can your software processor do Surcharge of Cash Discount? 
• Ask how do I process my credit cards using your software? 
• Do you have a exclusive credit card processor that you are associated with that would be the ONLY processor I can use? 
• If they have several options; ask the rates and functionality of each.
• Does your software for invoicing allow me to put my own Payment Link in the invoice so my customers can click on that to pay me?
• If the software uses Authorize.Net or USAePay, you would be able to shop around for the best pricing while having complete integration with your software.  (Best of Both Worlds!)
• Retail business want to know if the software integrates with a credit card terminal/swiper to capture RETAIL RATES CREDIT CARDS & PIN DEBIT CARDS! Retail credit card rates are about 30 bases points lower while Pin Debit rates average around 1%. This is a huge savings to be missing due to the lack of functionality on a software provider. 

So what's the solution? 

• Many of our merchants are saving 1-2% by have a retail terminal in their location that captures the data and uploads it to the payment software gateway. 
• Some of our merchant use our QuickBooks Plug n'Play to bring in all the sales into their accounting software and not pay the high prices of processing with QuickBook. 
• Both of the options above may require a 1-2 step reconciliation process from you or you office team but saving anywhere from 1-4%, if you are set up for Pin Debit/Surcharge/Cash Discount Pricing Methods. 

One final example: We had a merchant ask us about Surcharge/Cash Discount, she was already told that her current Industry Software Company was unable to accomodate that request. She call Merchant Processing Solutions to discuss possible options. She choose:

• The change processors to us and add Cash Discount to her quotes when accepting credit card payments. 
• We added a line in the invoice that directed the customer to copy and paste the link and following the Payment Portal Instructions.
• Each week she reconciles 10 - 15 payments in her software. It takes her about 15 - 20 minutes to do. 

She is projected to SAVE over $10,000 this year in merchant processing. 

Want to know about your options with your software, CALL US! 

Merchant Processing Solutions Inc.
954-938-2420