Retail credit card sales require a signature at the time of sale, and the customer usually receives the product or service at that time. Merchants who conduct this type of business will generally qualify for the lowest discount from the bank. Telephone and mail order businesses are charged a higher discount rate because of the increased risk associated with this type of business transaction. If a card is not present at the time of the sale, the likelihood of fraudulent activity increases. Moreover, future delivery sales increase the chances that a customer will claim to have never received the product.
All banks charge a transaction fee.
But you would expect us to say that. Remember that we truly value your business. That's why we will work hard to get your Merchant Account approved. If you are currently processing credit cards, we can often reduce your rates, at substantial savings to your business. The main task your equipment will need to perform is transmitting your credit card sale data electronically.