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Opening local retail store, anyone know how to find good credit card merchant account?
These people are trying to sell me a credit card account for my new business (EPS Merchants). They said the brand new (however, it's been sitting in the box for over 2 years) Nurit 8320 terminal that i own is "outdated"--something about needing the latest pci coding...--and they want me to get a "newer" machine from them (same Nurit 8320 model) for $34.99 a month--for 48 months. Wow. On top of this, they want me to SEND them my old one (which I OWN)...?
Supposedly their rates are $10/mo. flat rate, no contract. Plus 1.79% retail credit cards and $0.25 flat fee for all debit cards with pin entered by customer. If pin not used (run debit card as a credit card) then it is 1.49%.
Anyone know if i'm being taken for a ride here?? Thanks in advance...my store's not even open yet...
@ James: "Data Entry From Home"?? Erm...this is a brick and mortar store, selling water conditioning supplies. Hence the need for a credit card machine. Thanks anyway there...
5 Answers
- 1 decade agoFavorite Answer
I don't know if your a member, but try Sam's Club. http://www.samsclub.com/sams/pagedetails/content.j... Their rates are as low as 1.49% + 20 cents per transaction. I'm pretty sure other warehouse clubs have similar options for their members. I'm not sure what equipment costs are or if yours will work on there system, but it's worth a try.
- Anonymous1 decade ago
Your nurit 8320 is fine and it's a solid machine. Many companies are using PCI compliance as a scare tactic to force people to spend money they just don't need to spend. Many companies such as costco offer rates that only apply to DEBIT cards and charge much higher rates for credit cards. There are still a few companies that will give you straight and honest pricing but they are few and far between. Make sure there are no contracts but even that is no gurantee as companies have a way of just giving it a different name i.e. we don't have contracts (but we do have termination fees).
Source(s): reference: http://www.prestigemerchantservices.com/ - Anonymous5 years ago
online store accept credit cards merchant account
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