@charliegfmartin
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The right merchant service provider will help you save thousands of dollars every year. The experience of your customers will be affected by your choice. A win-win scenario is one that benefits both the customer and you. A modern merchant service provider is affordable and efficient, able to assist with chargebacks, and doesn't charge surprise charges. Every customer who walks through your doors has a pleasant checkout experience. The quality shouldn't be sacrificed in exchange for price, or vice versa. These are our most frequently asked questions for anyone you're thinking of working with. These are the kinds of questions that separate good decisions from bad ones. Before we get deep into this, let's be sure that we're clear about what a merchant service provider or merchant account service provider is. Whenever you aim for a useful source on merchant services Los Angeles, sneak a peek at this site. What does a merchant service provider look like? Merchant services providers are companies which offer a variety of services and products focused on accepting all types of payment. They can provide you with a merchant bank account, install POS systems and help you fight charges. They also offer the ability to invoice online as well as sales information, and will assist you with invoices. The services each merchant service provider has to offer is distinctive to them, but all of them act as a liaison between your company and the world of payment processing. They should be your first choice for all things related to payments. Okay! Let's move on to the questions. Questions to ask a Merchant Service Provider before you commit Are there any set-up fees? Some MSPs do. Some don't. Ask why it is so steep. Do you charge cancellation fees? It is not advisable to work with anyone who has cancellation fees except for a 7-8 figure business that handles more than $100k monthly transactions. If they're not earning your business month after month, then why do you have to be punished for quitting? Does the contract really last? Similar concept. The merchant services industry is packed with bottom feeders. This is the way it works. But, anyone who asks for a commitment of 5-7 years with a substantial cancellation fee is probably one of them. Avoid them. Do you have a processing or transaction limit per month? What are the penalties if there is one? This is yet another warning sign. If you've had an unlucky month, certain merchants will charge you for it. Tidal considers this to be absurd since they earn profits on every transaction. That means they will profit more from your successful months. It's more of a partnership than one where the merchant service provider beats you up when you're down. Similar to the previous question Is there a specific limit on transactions? If so, what are the fees for exceeding it? Similar to. They already make more! So why should you be charged? Do you have staff members who can assist me with chargebacks? Chargebacks are the perennial issue for merchants and reliable MSPs like Tidal provide a chargeback assistant to help fight back against fraud and customer chargebacks. What is your company's strategy to PCI Compliance? PCI compliance doesn't mean you're using PCI-compliant programs. PCI compliance can be an extremely complex subject. Some merchant service providers may let the task to the customer, while others give you the best tools and software. Be sure to choose the latter. Why would they offer such a low entry fee? Where do they earn their money, and why can't they have a standard percentage they can rely on? Here's the offer. Nobody gives away software, hardware, or ridiculously low payment processing rates without knowing they're going to create it elsewhere. If a deal or rate seems too good to be true, it most likely is. This is the place to look for higher fees than elsewhere. Do not sign an offer that provides free terminals or a flat rate of 1.5 percent. They're or are taking advantage of your circumstance or they'll soon cease to exist. Are you eligible to receive assistance for breaches? Tidal, the merchant service provider that provides assistance to victims of breach for PCI compliance violations. This is a wonderful item to keep in in the event of a breach. What hardware and software do you all sell or offer? The top payment card processing service providers will provide users with the hardware and software you require - - everything from PCI & HIPAA compliance dashboards, to sales analytics to mobile terminals. Be sure that the MSP you're looking at has what you need for a reasonable price. What kind of technical assistance does this company offer? There's nothing worse than having an outage in a hurry and your MSP not being able to assist. Technical support is available 24 hours a day. What rate do they charge? Are they a flat rate? Interchange plus? Both? Which is the best option for your company? Your MSP should sit down with your account and determine the most suitable pricing structure for your needs. Not all businesses are equal depending on transactions and frequency, you may be better suited to one type of pricing system than another. It is important that your staff do the research to answer that question thoroughly. Core Payment Solutions 6513 Hollywood Blvd. Suite 211 Los Angeles, CA 90028 Phone: (323) 332-9423
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