Not ready to make the leap to a Point of Sale System, but want to increase efficiency? Modernize with Swipe Simple Register – harness the power of your Android tablet or iPad to take both cash and credit card payments. Eliminate dual entry! You can enter any quick sale amount to take a payment or select a product and have the option to track your inventory. Don’t want to print reciepts? you can send via text, email or choose to print. For a fraction of the cost of a Point of Sale system you can join the digital revolution. Even better you can significantly reduce your processing fees with Cash Discount processing using Swipe Simple. Additionally you can use your Swipe simple reader with the app on your smart phone for taking mobile payments
Hardware for accepting and processing credit cards for you business
Rev19 – Payments Should be Simple!
As an Independent Payment Processing representative, I am able to select who to partner with, enabling me to match you to the provider that best fits your needs. Beginning in the Spring of 2020 I partnered with Rev19 Payments – Now Agile Financial Systems(AFS) to provide best of class payment processing to my clients. Rev19’s core values – Simple transparent pricing with no hidden fees, no long term contracts, and no equipment leases.
Rev19 Payments offers many services for business owners, including: Interchange Plus Pass-thru Processing, Dual Pricing, Surcharge Processing, Contactless Terminals, Wireless Terminals, Mobile Terminals, POS Systems, Virtual Terminals, and Payment Gateways.
Contact me to see how Merchant Partner and Rev19 can help you achieve your business goals. Merchant Partner serves the Brainerd Lakes and surrounding communities.
Is a Smart Terminal Right for my Business?
Does your daily life require more than a flip phone? Maybe you business does as well. You don’t have to invest thousands into a full blown POS computer to improve how you take payments for your goods and services. New smart terminals can offer you more than just accepting a credit card. You can easily create a menu for your offering without any technical expertise allowing for simpler check out and data collection. A smart terminal can start out as simple to use as a basic card terminal while allowing you to expand at your own pace. You can accept signatures right on the the customer facing screen with the option to print, email, or text their receipt. You can even connect to a cash drawer and replace your cash register.
Other options include the ability to take an order anywhere in your business and not just at the counter, you can also take payments anywhere. For a restaurant you could take an order at the table, fire the order directly to a kitchen printer and move on to the next table where you can take another order or cash them out to turn the table more quickly.
There is also an app store where you can load apps such as POS software, time clock/scheduling apps, or loyalty programs. Additionally they can improve the image of your business with a modern look and easily accept payments however you customers want to pay from cash to contactless payments like Apple or Samsung Pay etc and of coarse traditional chip or bar code cards.
Are You Really on Interchange + Pricing?
Interchange Plus pricing also know as Cost Plus or Pass-through pricing is the most common credit card processing today and is designed to be very transparent so you know what you are really paying. This model should pass through Interchange charged by the Credit Card companies and the Card issuer fees (Assessments etc) at Cost and processing fees are covered by a small markup commonly called “discount” and a per item fee or Authorization fee. Additional fees may include a daily batch settlement, admin, paper statement, electronic statement, paper supplies etc – each of these fees should be clearly stated out in your agreement and not be a surprise when you get you first statement.
Sadly not everyone is getting charged what they agreed too. For example: this week, I came across a business that even though they were processing a lower than average volume had a discount rate that was exceptionally low, this didn’t really compute. On the surface they appeared to have a very competitive rate, however their overall effective rate told a different story as it was higher than average, even though they are taking in 45% of their transactions on debit cards! Upon further analysis I discovered all of their listed interchange fees were around 35% over cost and their processor was padding their fees! So even if you are quoted an exceptional rate that doesn’t mean you are actually getting them.
You can request a statement analysis to see if there are any hidden costs or “junk fees” in your statement.