Once your merchant service application is complete, the processing time is usually 24 hours or less, especially if we receive your application before noon EST. Once approved, we will ship your terminal equipment or software promptly. Our team of financial service experts is available seven days a week.
You do not necessarily need to have a business license if you can provide a different acceptable documentation item that is required. These items vary depending upon the level of risk associated with your business. Our professional merchant service team will help you each step of the way.
You only need a business checking account if your business is a corporation. If it is a sole proprietorship, you may use a personal checking account or a business checking account. Our financial service experts will always be available to assist you with your merchant service account(s).
No, you do not. We can do all this for you. Our team offers a broad range of financial services & Merchant services.
The discount rate is the fee that a merchant pays to the acquirer for processing services that enable the merchant to accept bankcards as payment. Our discount rates are extremely competitive. If we can’t beat your current rate, we will give you a $250.00 American Express card. Our team of merchant service & financial service experts are available seven days a week.
A fee paid by an acquirer to an issuer for transactions entered into interchange. The interchange fee is a percentage applied, according to Visa/MasterCard regulations, to the dollar value of each transaction. There are multiple categories of interchange, and Visa and MasterCard each have their criteria for their categories. A transaction must meet the specified criteria for a class for that category's rate to be applied. Each transaction is evaluated individually so that various interchange rates may apply within one batch of merchant transactions. Our team of merchant service & financial service experts will guide you every step of the way.
The Visa Network Participation Fee / Fixed Acquirer Network Fee applies to all settled (batched out) U.S issued Visa credit card and Visa debit card transactions processed by a U.S. based merchant. The merchant service fee will be billed on one line item and one amount on the merchant’s month-end statement with a “Visa NPF” for TSYS merchants. The fee amount will vary from merchant to merchant and is calculated by Visa based on several factors including:
If a merchant does not process any Visa cards during the month, a minimum of $3.00 is charged to the merchant.
Yes. Anyone who accepts credit card payments needs to comply with PCI-DSS rules. Our team of merchant service & financial service experts will be glad to answer any of your questions.
When you have a merchant service account with us, we provide free PCI compliance validation.
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