The information you provide is kept confidential. While you don't have to sign a length of service or additional contract, you will be asked to sign an agreement confirming you have read, understand, and will abide by the Terms and Conditions, and that you personally guarantee the account and accept the rate structure assigned to your business. If your local bank is willing to work with you, you should consider this option. Unlike most banking institutions, we want your business. We are one of the fastest growing bankcard processors in the country, and we intend to continue to grow, one merchant at a time.
Every bank charges discount points to merchants that accept credit cards.
This rate is the percent of discount the merchant has agreed to have debited from their total sales. 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.