Other Ways To Save Money on Your Credit Card Processing By Processing Debit Cards Online!

At Merchant Processing Online we understand that the credit card processing industry in confusing.  One of the most over looked benefits of a merchant processing account is the ability to accept Debit Cards.  I know your reading this and think " I already accept debit cards."  That may be true but a recent study indicated that more than 82% of all businesses who are accepting credit cards in a face to face environment are not processing debit cards (also know as check cards) properly. 

Some businesses simply process a debit card transaction the same way they process a credit card.  Although you will receive an authorization you are going to pay more for that transaction on your monthly statement than you should in most cases.   Lets take an example of a $100.00 transaction.  Figuring standard rates offered by Merchant Processing Online for off line debit cards (which are lower than almost every other credit card processing company out there) then you as the merchant would have paid a total of $1.28.  If you would of asked the customer to enter their pin number then you the transaction fees to process that same debit card will only have been $0.27.  In this example alone you save over $1.00 each time on your processing fees when you process a debit card correctly.   If you company currently has even a high average ticket your savings would be even more.  Why is that you may ask.  It's simple, when you process a debit card using a pin number there is a cap on the amount you will be charged.  So in the example above if that transaction would have been $1000.00 then the total transaction and processing fees on your merchant statement at the end of the month would have been $11.18.  However if you had that customer enter their pin number to process that debit card then your transaction and processing fees would have capped out $0.27.