How and why can SecureNet save me money?
SecureNet® can save you money on your Merchant Services because SecureNet is a direct Payment Processor with VISA®,
MasterCard®, Discover® and Amercan Express®. There are only a handful of Payment Processors in the United States and
SecureNet is one of them.
Most resellers of Merchant Services are called ISO's (Independent Sales Organizations) or MSP's (Merchant Service Providers).
These ISO's are usually Financial Institutions or Marketing Organizations that resell Merchant Services; however, they are really
reselling Payment Processing for the handful of processors that are directly connected to VISA, MasterCard, Discover and American Express.
How do I get the best rates?
There are two ways to get the best possible rates:
1. Make sure you are signed up with a Direct Processor of VISA, MasterCard, American Express and Discover (Not an ISO or MSP).
2. Have your current Credit Card Statement analyzed by a compentant or Certified Merchant Processing Statement Analysis professional.
What factors drive rates & prices?
There are several factors that drive rates and the prices you pay to process a transaction, several of them are listed below:
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Issuing Banks
Industry Sector
Swiping or Not Swiping a Card
Card Type i.e. Corporate Card
Average Ticket
AVS (Address Verification)
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Processors
ISO's
MSP's
Acquiring Banks
# of Annual Transactions
Invoice Information
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At SecureNet a Certified Merchant Services Professional who has had extensive training on providing the best possible service
at the best possible rates will guide you into the program that is best for you and your business.
Benefits of Online Processing?
There are many benefits of online processing. With SecureNet's SecurePOS™ you can throw away your traditional
dial terminal. Our technology enables you to harness the power of the web to process your Credit and Debit Card transactions.
In fact, SecureNet is the only company in the world that allows you to turn your PC into a full "Card-Present" credit card terminal.
Through the use of SecureNet Technology you can perform the following:
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Card Swipe / Card Present
Card "Not" Present
MOTO
e-Commerce
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Electronic Signature Capture
PIN Debit
Secure Data Storage
Recurring Billing
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What is Interchange, Dues, Assessments and Fees?
Interchange, Dues, Assessments and Fees are the rates that VISA, MasterCard and Discover charge to the Merchant Processor in order
to process a Credit or Debit Card. More specific definitions are below:
Interchange: The base "% Rate" the Issuing Banks charge the processor in order to Process
a Credit or Check Card. Generally the rates are 1.54% for a Credit Card and 1.03% for a Check Card.
Click Here to the latest VISA & MasterCard Interchange Chart.
Dues: The base "$ Rate" the Issuing Banks charge the processor in order to
Process a Credit or Check Card. Generally the rates are $0.10 per transaction.
Assessments: The base "% Rate" that VISA, MasterCard and Discover charge the processor in order to
Process a Credit or Check Card. The rates are as follows: VISA 0.0925%, MasterCard 0.0950% & Discover 0.0950%.
Fees: The "$ Rate" that VISA and MasterCard charge the processor in order to access
VISA and MasterCard processing platform. The rates are $0.005 for an Authorization and $0.0035 for a Settled transaction.
What are some things I should look for on my Merchant Processing Statement?
Many times Merchant Processing companies deceive merchants by providing them with very good "Qualified Rates" (The rate you get
when you swipe the Credit or Debit Card) a very bad "Mid or Non Qualified Rates" (The rate you get
when you do not swipe the Credit or Debit Card). This rate differential becomes very important depending upon how you process your
Credit and Debit Card transactions.
