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  #1  
Unread 01-24-2009, 02:53 PM
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TLG2009 TLG2009 is offline
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Default Credit Card Processing

Has anyone heard of, or done business with this company for credit card processing? National Bureau Of Merchant Services Inc./Internal Resource Network
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  #2  
Unread 01-24-2009, 04:23 PM
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Never heard of them, but credit card processors are like mice - they're everywhere and about as many of them. Taking credit cards is expensive no matter who you deal with. Just check as much as you can.
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  #3  
Unread 01-24-2009, 09:24 PM
carlsmower carlsmower is offline
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Have you checked with the LGDA they have processing for it's members
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  #4  
Unread 11-05-2009, 09:54 AM
lawnmowertech37 lawnmowertech37 is offline
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Quote:
Originally Posted by carlsmower View Post
Have you checked with the LGDA they have processing for it's members
who is lgda ?
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  #5  
Unread 11-05-2009, 10:29 AM
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Lawn and Garden Dealers Association, out of Oklahoma. Had a card, but can't find it now. They're on the 'net.
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  #6  
Unread 11-05-2009, 10:58 AM
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Go to your bank and work with the people you know. Remember, the rates are somewhat negotiable if your store is doing a lot of card business.

Look closely at the hidden charges such as a processing fee for each transaction, monthly statement fee, minimum volume fee and other required monthly fees.

Don't let the fast talking appointment setters take up any of your time. Internet cc processing will add additional fees. They don't work for free.

Another thing, don't ever consider taking American Express.


JimB

Good judgement comes from experience.
Experience comes from poor judgement.
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  #7  
Unread 02-10-2010, 11:16 AM
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If you find that you are doing a large number of transactions per day, then you can really bargain with the cc processors - even the big guys like First Data and Paymentech.

For online sales, I would really recommend that you require the CID/CVV2 code on every order, every time. This will greatly reduce fees and fraud. These transactions are considered "card not present" and are subject to additional costs to process.

If you tend to have frequent backorders, I would also suggest that you re-authorize the card once the product comes in and before you ship it. Authorizations have a shelf life. The processors don't always let you know that so that they can collect more fees. Just watch out re-authorizing debit cards unnecessarily as it holds the funds up and can tick off customers. My rule of thumb has always been to re-auth after the products come in and before I pick/pack/ship.

Mikhail
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  #8  
Unread 02-10-2010, 01:09 PM
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Holly cow this is all giving me a splitting head ache. I know sooner or later I'll have to start taking credit cards, but I find all this to be a tad confusing and daunting.
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  #9  
Unread 02-11-2010, 02:07 AM
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lisadocut lisadocut is offline
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If you search the thread "Tips and Hints", there is a post about cc processing. What most retailers don't realize is these "companies" who process credit cards actually don't do the processing. You need to work directly with the bank who processes the cards. It's just like two step distribution in our industry, the more layers there are, the more expenses there are. Please see those other posts and PM Greg Cyrus, I know he's out of the office until tomorrow, but they are a bank who does the processing themselves. Don't sign up with any company who does not process the cards. Watch for statement fees, per transaction charges, etc. Different cards have different rates, and MC and Visa rates change twice a year in April and October. These are called Interchange Rates. Believe me, we have been down this road over and over again. Just PM Greg and he will take the headache out of this process for you. Good Luck! Lisa
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  #10  
Unread 02-16-2010, 12:03 PM
lawnmowertech37 lawnmowertech37 is offline
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I'm set up with Quickbooks merchant services
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