NO FEE / ZERO FEE - FREE CREDIT CARD PROCESSING
APPLICATION FEE : $0.00
SET UP FEE : $0.00
DEPLOYMENT FEE : $0.00
TERMINAL PROGRAMMING FEE : $0.00
SHIPPING FEE : $0.00
ONLINE PORTAL : $0.00
TRANSACTION FEE : $0.00
MONTHLY SERVICE / STATEMENT FEE : $0.00
BATCH / SETTLEMENT FEE : $0.00
DISCOUNT RATE FOR VISA, MASTER CARD, DISCOVER AND AMERICAN EXPRESS : 0.00%
ONLINE TRANSACTIONS : $0.00
IOS / ANDROID APP : $0.00
MOBILE TRANSACTIONS : $0.00
SWIPPER FOR SMART PHONE / TABLET : $0.00
REFUNDS / VOIDS : $0.00
CANCELLATION FEE : $0.00
NO CONTRACT - CANCEL ANYTIME
Well, one must ask - if EVERYTHING is free, How does the company make money? What's the catch?
Since the inception (1950s) of Dinners Club, Visa, Master Card, Discover and Amex, merchants have been paying all the fees associated with accepting Credit Cards at their businesses.
In 2012, Visa and MasterCard had a class action lawsuit settlement of $7.25B, part of the settlement was the ability for business owners to establish a minimum Credit Card purchase of $10.00 and pass the fees on to the customer. BUT, the merchant is not allowed to charge the fees themselves, they must use a third party processor to do so. Thats where we come in. As for the legality of this, the Supreme Court passed a law allowing small business owners to pass the fees in all 50 States.
Our proprietary software calculates the fees and passes them to the consumer at the time of purchase should they choose to pay with a Credit Card. For all purchases with a Credit Card, the customer pays 4% The customer gets a discount for paying by Cash. At the end of the month, the business owner pays Nothing.
Example 1 - customer buys a $10.00 item at a retail store, the customer pays with a Credit Card, the costumer's total comes to $10.40 the Merchant gets $10.00 to their bank account next day, we collect $.40 and the merchant pays nothing for this transaction.
Example 2 - customer buys a $10.00 item at a retail store, the costumer pays with cash, end of example.
This program is suited for Pizzerias, Coffee Shops, Sandwich Bars, Bagel Stores and any other fast food establishments. This is also suited for retail establishments such as $.99 Stores, Deli / Grocery Stores, Gas Station Food Marts ETC..
Other business categories that can benefit from this program are service providers such as Plumbers, Electricians, Pool Cleaners, Driving Schools, Car / Limo Service, Cleaning Service, Auto Repair Shops, Real Estate Rentals, Contractors ETC...
There are rare occasions where a business owner incurs fees such as a $25.00 Charge Back Fee if the customer disputes a charge and a $25.00 ACH Reject Fee if the business owner issues a refund but the bank account has insufficient funds to cover the refund.
There are 3 ways to process transactions with Zero Fees:
- Online - $18.00 Monthly Fee
- Smart Phone / Tablet, the swipper cost is $0.00 ($10,000.00 or more processing volume) Otherwise, $15.00 Monthly
- Counter Top Credit Card Terminal - $0.00 ($25,000.00 or more processing volume) Otherwise, $49.00 Monthly
- Clover Flex - $0.00 ($49,000.00 or more processing volume) Otherwise, $79.00 Monthly
- Clover Mini - $0.00 ($75,000.00 or more processing volume) Otherwise, $89.00 Monthly
- Clover Station - $0.00 ($100,000.00 or more processing volume) Otherwise, $99.00 Monthly