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Total Merchant Services Internet Plan
| Fees |
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| Application Fee: |
$0 |
| Setup Fee: |
$299 |
| Annual Fee: |
$0 |
| Monthly Fee: |
$15.95 |
| Monthly Minimum: |
$0 |
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| Rates |
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| MC: | $0.30 + 2.39% | | Visa: | $0.30 + 2.39% | | Average: | $0.30 + 2.39% |
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Internet business owners are the fastest growing section of the credit card industry, in which credit transactions are considered “card-not-present” transactions. Customers enter their payment details into an online form (or perhaps, provide the details by telephone, mail order or fax) instead of swiping the card at the physical location of the merchant. This type of credit card processing requires a specific merchant account, known as the internet plan. The risk is slightly higher than processing credit cards physically since you never see the card, the fee structures for card-not-present processing are usually higher than retail merchant accounts.
Total Merchant Services Internet Plan offers an affordable way to accept Visa and Mastercard payments through your website, by phone or mail order. For a monthly statement fee of just $10 per month, a.30 cent per-transaction fee with a 2.39% discount rate, all businesses are able to afford to accept credit card payments from their customers.
The internet plan offered through Total Merchant Services allows you to accept and process credit cards in real time over the internet with the use of point of sale credit card processing software, and also by using a virtual terminal. The virtual terminal allows you to manually enter the payment details for processing, and is perfect for phoned in orders or mail orders.
The set up cost will depend on which point of sale/terminal equipment you select, but is in a very affordable range of $299-$400. None of the equipment offered through Total Merchant Services Internet Plan requires a monthly lease fee.
The Total Merchant Services auto approval can approve most businesses within seconds of applying- provided that the average amount processed is $300 or less, that your monthly volume is under $10,000, and you deliver ordered products within 30 days of charging a customers credit card.
03/04/2007
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Providers > Total Merchant Services > Internet Plan
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