NO FEE / ZERO FEE - 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 / SETTLMENT FEE : $0.00
DISCOUNT RATE FOR VISA, MASTERCARD, 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
CANCELAION 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 settlment was the abiliy 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 proprietery 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..
Ather business categories that can benefit from this program are service providers such as Plummers, Electricians, Pool Cleaners, Driving Schools, Car / Limo Service, Cleaning Service, Auto Repair Shops, Real Estate Rentals, Contractors ETC...
There are rare occations where a business owner incurs fees such as a $25.00 ChargeBack 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 - $0.00
- Smart Phone / Tablet, the swipper cost is $0.00
- Counter Top Credit Card Terminal - if the Monthly Credit Card Volume is greater than $25,000.00 the terminal is $0.00 Otherwise, if the Monthly Volume is less than $25,000.00 the terminal can be purchased for $949.99 or Leased for $29.99 per month for 48 month