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There are many credit card processing programs on the market. There are so many types of credit and debit cards with different levels of rewards being offered to the consumer, it is nearly impossible for the merchant to really understand the cost of each different type of credit and debit card transaction.
Many vendors are successful at enticing a merchant to commit to their program by emphasizing low percentage rates while they fail to explain the impact of per item transaction fees on the merchant’s true costs or the cost and expense of processing equipment which may be subject to a long-term non-cancellable lease.
C-Store Services Group offers a simple and fair alternative to the merchant. The plan’s we offer to our customer’s always have two characteristics and our customer will not require a financial expert to interpret the financial impact of their credit card processing costs. These characteristics are:
• We always provide and install your credit card processing equipment free of charge.
• The rates you pay will be based on the cost of processing plus our markup – which will typically be between 15 and 20 basis points. This means that the cost to the merchant including per item transaction costs, monthly fees and percentage rates will typically cost you between 2 and 2 ½% of the item you are selling.
Don’t be fooled by a salesman who promises you a low rate of 1.29%. Such a rate will only apply to specified debit card transactions and it will likely not have accounted for the cost of per item fees. Send us a copy of your last month’s statement and we will compare the costs you are currently paying to the plan we can offer you so that you can project the amount of money you will save each month by using C-Store Services Group to process your credit card transactions.
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