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Prefer to talk to a pro?

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1-844-686-2616

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Spring special

$200 off premium package if Booked by June 30 2016.

By Robert Kiener Photography

Henna Party Photographer

Henna Party Photography Photo Package ONLY $895 regular Price $1095 Save $200 with coupon Call 973-204-728 \www.bridalphotos.comBergen

By Robert Kiener Photography

How to gain transparency in credit card processing

If you are like most merchants you tried to get the best processing rate when setting up your business and from then on you chalked up this expense to the cost of doing business. Not all credit card processors are created equal. In terms of minimizing this cost, and providing transparency, most processors do not have the merchants best interest in mind for the simple fact that they make significant profits in the process. The fact is that there are very few fees that are actually required for processing transactions. Many of these fees only exist for the purpose of adding to the bottom line of your processors income statement. The common practice of applying fees to a merchants statement in the following month makes it difficult to evaluate what fees are being charged for what transaction let alone what rates are being charged for different types of cards (corporate, foreign and rewards cards). This often leads to confusion and frustration for a merchant. Another common misconception by many merchants is that they are getting the same rate across different classifications (qualified, mid-qualified and non-qualified) because the rate sheet they signed shows the same rate across all classifications. The fact is that they are paying for the base rate plus the rate on the appropriate classification. This as you can imagine can lead to a significant difference in the total cost of transaction. The worst transgression of all - charging unnecessary fees. This practice has gotten out of control, period. Every Member Service Provider (MSP) takes a certain degree of risk in the transaction and provides a valuable service and should be appropriately compensated for its role. However to charge its clients for services that have no cost associated is unethical. Interchange Plus, commonly called "Cost Plus," is the best means for a merchant to gain transparency in this industry. Although complicated in its 400 categories -- from the type of merchant, type of card, swiped vs keyed vs e-commerce vs mail order vs telephone order transactions, among others -- is by far the most transparent pricing structure available. The merchant gets the true cost paid directly to Visa, Mastercard, Discover and issuing bank (the customers credit card company). Also when these interchange costs are raised, the merchant is not vulnerable to additional markup from its processor. The "Plus" that is referred to is what the processor charges for risk of default, servicing, capture, authorization, settlement, and profit for the merchant service provider. It is quoted in basis points plus a flat rate for the transaction itself.  Our account statements are clear and easy to understand. We offer both Interchange plus pricing as well as tier pricing however I strongly recommend the former. Your current equipment can almost always be reprogrammed at no additional cost. Call today for a Free Cost Comparison of your current provider. You have nothing to lose and everything to gain. Regards, Zafar U. Sher Toll Free: (888) 786 - 1020 Fax: (973) 933 - 0083

By Sher Capital Management