Merchant Services

Different fees are involved with different merchant services.
There are several types of merchant services

Online Pharmacy Merchant Accounts Pic Merchant Services

Rich talks about merchant services in this video below this page and explains the different fees that may be involved with a merchant account.

Retail Merchant Services With Debit Card Swipe Fees Without Pin Pad

Retail Debit swipe fees range from cost plus that is straight interchange cost and a small percentage above actual cost.
Then there are qualified rates, which are the lowest rates for swiped debit credit cards ranging from

1.09% to 1.69% and a $5 to $10 dollar a month statement fee.

Flat Fee Pin Pad Merchant Services With Debit Transactions

Debit with a flat fee merchant service, which range from .10 to .25 cents flat fee with no percentage, this type of account is ideal for retail swipe debit cards who press in the personal pin codes into a small terminal, most the time this is set up through a credit card terminal of some sort or an external pin pad..
This service in many cases can save your business up to 30%-50% on the discount rate,meaning a very large monthly savings on your bill.

Qualified Swipe Transactions no pin pad

Then there are merchant services fees that are called Qualified rates which usually consist of a standard credit card swipe transaction.

In most cases these rates are from 1.69% to 2.49% plus a .10 to .20 cents transaction fee.

Also in many most cases there will be a 5.00 to 10.00 a month statement fee is usually involved in these type of accounts.

Moto/Hand-keyed or Telephone order rates

Non-qualified rates vary from 2.49% to 3.49%, .10 to.20 cents per transaction, which usually consists of card not present.

Also in many most cases there will be a 5.00 to 10.00 a month statement fee is usually involved in these type of accounts.

Domestic High Risk Payment Gateway or Virtual Terminal
Then there is a domestic high risk merchant services program which fees vary from 3.49% up to 5.95% depending on credit, volume credit ETC.

Also in many most cases there will be a 15.00 to 25.00 a month statement fee is usually involved in these type of accounts.

High Risk Offshore High Risk Payment Gateway or Virtual Terminal

Then there is a High Risk Offshore merchant account program that varies from

5.95% up to 6.95% depending on type of business, credit, or if the business has been blacklisted otherwise known as a TMF merchant Account which the business that has been shut down by a processor for some reason or another.

Also in many most cases there will be a 15.00 to 25.00 a month statement fee is usually involved in these type of accounts.

In some cases there is a rolling reserve that is usually held from 1 to 6 months for these high risk merchant services.
Ask your merchant services provider which account you may qualify for.WMS can get you approved for any of these accounts in 24hrs or less.
If you have any more questions or concerns regarding rates just fill out the contact form and apply today!

Or just Give us a call for a free consultation.


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High Risk Merchant Accounts
Merchant services