small business canada Archives - Eliminate credit card costs

How to accept credit card payments without a merchant account

It seems that merchants are always held responsible for fees when a customer pays with a credit card. In some cases, like with government tax bills, lawyers, dentist the customer can be charged the merchant fees and has no choice but to pay them, but it’s unusual that a visa processing fee can just be tacked onto a bill. Until NOW. We can do this for you. This service gives you the option of having the fees come up on the consumers end and no costs to the billing merchant. When you are billing in the thousands and tens of thousands of dollars, merchant fees can make a huge dent in your profits by the end of the year.

Marketing, rent, advertising, payroll, utilities, insurance, licensing, certification, it seems like the monthly costs of running a business never seem to end, and the bills just keep coming. The last thing you need is the added cost and hassle of renting or buying POS terminals, and the terminals are the least of your worries. When you have your own POS terminals, it actually costs money to make money. It shouldn’t cost you money to sell your own product or service, especially when you are already considering the money you have to put into your enterprise. Worrying about overhead and taxes, with few customers paying in cash, you now have the added bonus of paying a processing fee on top of everything else.

Cash is no longer king- Plastic is. If you don’t accept Visa and Mastercard, you can say goodbye to most of your potential clientele today, and your business as a whole tomorrow.

One has to consider the processing fees for credit card payments. A few percentage points may seem small, but after a number of large orders, it really starts to add up.

If you sold $23,000 at the Amex rate 1.9%, you would have to pay $437 in fees. What if, instead of being like the Visa merchant next door, with his rented POS terminals, worrying about how each time a credit card is processing, the swipe rate means additional monthly costs, you actually get to keep the entire $23000?

Think of an ecommerce web site that surcharges the customer the costs of accepting the credit card.

Clover Flex SmartPhone Takes Payments

Clover Flex SmartPhone takes payments

Robust functionality.
Ultimate flexibility.
Total simplicity.

The flexible solution designed to
meet your full range of payment
and point-of-sale needs

Help your business run more smoothly.
Clover Flex is the all-in-one device with the built-in capabilities
to help you serve customers better—whether at the counter,
in line, at the table or in the salon chair.
Easy to hold and easy to hand over to customers to dip, swipe,
tap, sign or enter a PIN, Clover Flex delivers the ultimate in
flexibility and simplicity in a single device freeing your mind
for the things that matter.

Features that make Clover Flex stand out from the competition:
Built-in receipt printer and barcode scanner
Fast and flexible wireless connectivity with an optional 3G data plan
Electronic signature, which makes it easier to keep track of
receipts and helps prevent future chargebacks
Compatible with the entire line of Clover devices
Powered with a full suite of business management tools
through the Clover Software plans and App market

Clover Flex. The smart, flexible POS device that’s
as dynamic as your business.

Printer, barcode
scanner/camera
NFC reader

Flexibility that’s ready
for anything.

Magnetic-stripe
reader

EMV®-enabled cards
(chip + PIN; chip + signature)

Clover Flex enables full integration with the complete line of
Clover devices. That means you can take an order in line and
close it at the counter, complete a checkout at the table or in
the aisle—you’re free to work as you want. And with a battery
that can go a full day of business without a charge*, there’s
never a reason to slow down.

Clover Flex makes it easy to get up and
running—right out of the box.

Specifications
Payments accepted: Magstripe, EMV
smartcard, EMV contactless (including
Apple Pay®)
Security certification: PCI PTS 5.0
5-inch HD screen (1280 x 720 pixels)
Responsive capacitive touch screen
for e-signature and PIN entry
2 1/4-inch printer accepting rolls of
receipt paper up to 50 feet long
1D/2D barcode scanning with a
dedicated button

Camera
Connectivity: Wi-Fi, optional 3G plan

Accept more types of payments from magnetic stripe
and EMV® -enabled credit and debit smartcards to
EMV contactless (including Apple Pay)—all without
additional equipment

Help protect your customers, business and reputation
from fraud with built-in Clover Security

Monitor sales and profit trends with Clover Insights
and the Clover Dashboard mobile companion app
(iOS and Android)

Control employee permissions and manage employee
shifts without hassle

Build effective loyalty programs, collect customer feedback
and send customer promos in minutes

Lithium-ion 7.6V/2100mAh with fast battery
charging on Clover Flex cradle (included)
Lightweight (1 lb)

Accessories
Starter Kit (included)
Charging cradle, power cords,
and thermal receipt paper
ADA PIN pad with shield

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Amex Rate 1.9% and pays next day 1.19% Visa Merchant Canada

After years of AMEX Rates in Canada of 3.5% for processing their credit card by a merchant, Now in 2018 Amex is 1.9% and pays out in 24 hours, not 7 days. No longer administered by AMEX. Also VISA at 1.19% Visa merchant credit card processing rate Canada

QUAL RATE: 1.19% Visa / Mastercard

QUAL RATE: 1.9% Visa / AMEX
NON-QUAL: 0.04%
DEBIT: $0.04
MONTHLY FEE: $5.00

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Samples Of Amount Of Money You Will Save on VISA Fees

Visa MasterCard Rates canada
Based on $10,000 – Based On $20,000, $50,000

As above our rates are 1.19% Visa

Our Non-Qual Surcharge is 0.04%

There are no swipe fee— or any other monthly hidden fees

Total Monthly Savings
$70.00

Total Annual Savings
$840.03

Savings Over 4 Years
$3,360.12

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Non Qualified Cards Canadian Cost Per Card

This a copy of credit card rates for the cost of a merchant to accept a payment. It is not correct as this info changes weekly. What it does show that every “non-Qualy Card” has it own costs. Which bank processes the card make no difference in these pre-set costs. However these banks may add their own fees on top

From CFIB website

Currently, understanding which Canadian credit cards can carry premium rates is very challenging for smaller merchants. While both VISA and MasterCard post their interchange rates on their website, information on which cards carry the different rates is difficult to access and understand. Following discussions with CFIB, MasterCard recently posted a list of cards with their associated rate categories on its website. VISA provided CFIB with its rate categories by card and is in the process of posting the information on its site. This chart is designed to allow merchants, employees and customers to understand which cards carry regular or premium rates. While the rate categories should be common to most processors (e.g. Moneris, Global, Chase Paymentech), the merchant fee examples given below are based on preferred total merchant rates for CFIB members with Chase Paymentech and may differ based on the card processor or specific agreement.

Note: While merchants are allowed to suggest customers use lower cost forms of payment, they are not permitted to surcharge or refuse higher cost cards if they accept that brand.

Story in the “Sun Newspaper about this

MasterCards noted with a (3) have a “high spend” feature that means merchant fees will escalate to a higher level once a consumer meets the spending or income requirements and consents to the card. Currently, there is no way for a merchant to know by looking at the card whether it will carry regular or high rates. CFIB refers to these cards as “variably high” cards and has asked MasterCard to replace them with separately branded cards. MasterCards with a (5) are in the World/World Elite category which typically carries very high merchant fees. Some such cards may also be in the regular or high category. CFIB has asked MasterCard to ensure all its cards are seperately branded to allow merchants to understand their rate categories. (*) All merchant fee examples are based on: • Fully authorized, electronic transactions where the card is present and the magnetic stripe or chip is read. • Regular merchant rates for smaller retailers (not supermarket or petroleum retailers). • The low rates under the Chase Paymentech program for members of CFIB. These rates are given as an example only and are subject to change and will differ for those using other card processors. Credit card companies and banks frequently change card names/fee structures and issue new card brands. Please visit www.cfib.ca/debitcredit for the most recent version of this document or call CFIB’s Business Resources for more information at: 1 888 234-2232.

Legal Notice: This publication and its contents are for the members of the Canadian Federation of Independent Business (“CFIB”) only, and are not intended for any other recipient. The contents of this publication are for informational purposes and the CFIB does not warrant the accuracy, currency or suitability of any of the information provided herein. Before acting on the basis of any information contained in this publication, please seek the advice of your professional advisors.

Finance New Wireless Debit Machine Canada

After registering a business in canada, the next thing you want to do is Accept debit and Credit Card Processing with a debit machine. We can Finance New Wireless Debit Machine Canada at $39.99 per month. Or one payment of $875, or two payments of $500. You can pay with your visa master or Amex credit card.

We Accept Credit Cards For Services. We are a merchant

You can buy DeskTop debit machine for $675 on your credit card.
Or two payments of $400 or lease $38.00

You can buy Wireless debit machine for $875 on your credit card.
Or two payments of $500 or lease $48.00

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