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Retail Merchants:
(Check our Low Rates)
Retail
merchant accounts provide for the lowest processing
rates. They are normally storefront businesses, or any
other business type, that accept credit card purchases
from customers who are physically present at the
point-of-sale (POS).
A credit
card is "swiped" through a POS credit card terminal,
which then prints a sales receipt for the customer's
signature. This allows the merchant to verify the
identity of the customer (or cardholder), that they are
the true owner of the credit card, and as such
authorized to make purchases.
Restaurants
are also considered retail accounts but will often
include tip programs in their account set-up. Tip
programs are available for other business types upon
request (certain restrictions apply). Start Accepting Visa, Master Card, Discover Card, American
Express, and Dinner Club!
Mail Order Merchants MOTO:
(Check our Low Rates)
Mail/Telephone Order (or MOTO) merchant accounts apply
to those merchants who accept credit card purchases, as
the name implies, by either mail or telephone. Meaning,
they receive purchase information including a customer's
credit card account number and expiration date by way of
a telephone call or mail-in order form.
The
credit card account information is then usually
"hand-keyed" into the keypad of a credit card terminal
(although PC-based software can be used), which
authorizes the sale. By accepting credit cards in this
fashion merchants don't have the opportunity to obtain
their customer's signature, or verify their identity as
the authorized cardholder, at the point of sale. As
such, processing rates for MOTO credit card sales are
slightly higher than retail rates (All processing
companies are required to structure their merchant
accounts in this manner).
Internet Merchants (eCommerce):
(Check our Low Rates)
Internet
merchant accounts are typically used by merchants that
make sales, or provide services, that are marketed
solely through a website over the Internet. Based on an
individual merchant's preference or needs, processing
transactions can be done by a variety of methods.
Product
orders and credit card account information can arrive
from a merchants' website in the form of an email or
shopping cart order and can be "hand-keyed" into a
credit card terminal, or use of Internet Gateway (recommended
way, Please see our Gateway section for more information)
for instant verification or entered into a PC-Based
Software processing program linked directly to a
processor via computer phone modem, for authorization.
Virtual
Terminals are also available whereby merchant's can
simply log onto an encrypted website by means of an
account number and password in order to enter card
account numbers, expiration dates, and sale amounts for
authorization and processing.
Minimize
risk, reduce costs and speed access to funds when you
convert paper checks into electronic transactions –
right at the point-of-sale. Since checks are still a
widely preferred method of payment for many consumers.
With Check Conversion through Meridian Payment Systems
you can capture all of the information necessary to
transform a paper check into an electronic transaction
using an Imaging Check Reader.
Billions
of checks are written every year at the point-of-sale.
The cost of handling paper checks and the losses
incurred due to fraud accounted for more then $23
billion in the U.S. alone last year.
By "capturing" the "check image" you can immediately
return the check to the customer, and eliminate the need
to physically deposit checks at the bank, saving you
both time and money. Instead, you'll simply "upload" the
check images you've scanned each day, and receive an
electronic payment for those checks deposited directly
into your checking account. All check images are then
electronically stored in case they're needed later for
collection purposes, or dispute resolution.
The Standard Check Guarantee Program:
available Through Meridian Payment Systems provides our
merchants the ability to accept checks worry-free.
Benefits include simplified claims submittal with no
Claim forms to fill out, check approvals within just
seconds using state-of-the-art information systems, and
the very highest percentage of check approvals available
in the industry with Premium Approval. In fact, we
guarantee it! Other check guarantee benefits include the
Multiple Checks Premium, Partial Payment Premium, COD
Premium, and Disputed Stop Payment Premium.
Additionally, all supplies associated with the Standard
Check Guarantee Program are provided at absolutely no
charge, and qualified customer service is available 24
hours a day, 7 days a week.
Debit Card Processing:
(Contact Us for Low Rates)
Did you know if you are not processing debit
cards as Credit Cards you can be losing money. Since
Debit Card usages has been the fastest growing segment,
and with the new rate changes from Visa and MasterCard
you can save money by processing Debit Card (Check
Cards) with Visa and master Card logo and take
advantages of the lower discount rates.
Benefits of Accepting Debit Cards:
- Increases Profits
- Be more efficient
- Larger market available to your business
- Guaranteed funds are provided to merchant
- Helps eliminate bad checks
- Offers more payment methods to customers
Statistical Information
- Consumers carry more debit cards than credit cards
- 100 million debit cardholders do not have a credit
card
- 40% of all credit card holders have already
reached their credit limit
- Successful businesses are those that offer the
greatest number of payment options
- 30%-40% of all cards being accepted by merchants
could be processed as on-line debit cards!
Electronic Benefits Transfer (EBT)
Also know as Food Stamp and Cash Benefits:
(Contact Us for Low Rates)
eXpertsMerchant.com (Meridian Payment Systems) is
community minded and is there to help you out to be
there for those within your local area.
- Food Stamp (FNS) &
Cash Benefits (AFDC) Support
- Customized Software
- Various State
Programs Supported Including
- Qwest's National
Program
- State & Federal
Compliance Management
- Integrated Processing
& Settlement Solutions
- Single Access Point
- Single Settlement
Point
- Pin Pad Encryption
Management
Contact Us for More
information
Point of
Sales Hardware and Software:
(Contact Us for Low Prices)
We work with all major point-of-sale (POS) terminal
equipment manufacturers - including Verifone, Hypercom,
Nurit and RDM - and offer discounted pricing on any
equipment you may need. If you already have a
point-of-sale (POS) credit card terminal, we can
reprogram it to work with a Merdian Payment Systems
merchant account, saving you the expense of leasing or
purchasing new hardware. If you'd like, please review
the following recommended point-of-sale (POS) terminal
equipment options:
Credit card authorization terminals Lease or purchase
point-of-sale (POS) terminal equipment. Swipe credit
cards through a traditional authorization terminal for
approvals. Please contact us to obtain feature
list and pricing.
- Hypercom The T7 series POS terminals from Hypercom
have recently come into widespread use because of the
powerful features built in to each unit. Hypercom POS
terminals use clearly marked "hot keys" that helps
make them easy to use, even with complicated
applications.
- Nurit Because they are powerful and easy-to-use,
Nurit POS terminals -- manufactured by Lipman USA --
are rapidly becoming more common in businesses across
the country. Nurit terminals use a menu-driven
interface that makes them very easy to operate.
- Verifone A pioneer in the credit card terminal
industry, Verifone's Tranz series has become the most
recognizable credit card terminal in the USA today.
Verifone sells more credit card and debit systems than
any other manufacturer.
wireless terminal equipment Lease or purchase
wireless point-of-sale (POS) terminal equipment. Accept
credit cards anywhere, anytime with a wireless merchant
account from Total Merchant Services. Please contact
us to obtain feature list and pricing.
Software NPC Direct 5.5.6 (which is Now
Certified on Windows 2000, ME and XP!)
Transaction Processing Software that supports all major credit
cards, on-line debit, check and gift card payment methods.
This software is designed for the Retail, Mail Order/Telephone Order and E-Commerce environments. Key
features of NPC Direct Include:
- Certified on Windows 95, 98, NT, 2000, ME and XP.
- Credit and Debit Card capture to NPC’s Tandem Check processing through Telecheck, CrossCheck and Equifax (Certegy)
- Supports
E-Commerce transactions in an off-line, batch environment.
- Gift Card processing through Valutec.
- Single or Unlimited Multi-Merchant Capable (additional MIDs available for a nominal fee).
- Unlimited User LAN or Stand-alone versions available (additional Users available for a nominal fee).
- Fully supported by NPC’s regional terminal support at 1-800-233-6983.
- Free upgrades for existing NPC Direct merchants
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