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Seasonal Processing
Unlike most merchant accounts where you pay fees for a full 12 months even though your business is closed for part of the year, NMSI can put your merchant account on a temporary hold during your off-season. During this time you will not generate any fees, though the account will stay open until you are ready to activate it again. |
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Deceptive Statements Many statements generated from MSP’s seem to be intentionally confusing, missing information and just all around hard to understand. If you can’t determine your rate, it can be increased without you ever knowing! At NMSI we will help you understand what your merchant account is really costing you by offering free, no obligation statement analysis, and then offering statements that give full information on rates, fees and total cost. Educated merchants will know in the future when they are being presented with a less than honest offer. |
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Low Rate Sales Hustle A low rate does not necessarily mean a low monthly bill. Every day we find merchants who have a low rate but because they are not set up correctly, they are paying way too much. As much as 60% too much! We apply our knowledge of the extremely complex Bank Card Processing Regulations to custom tailor a merchant account to fit your specific needs. We don’t stop there - we will work with you in this ever changing environment to ensure that you keep the most of what you have worked for. |
| Gross vs. Net Billing NMSI proudly offers gross monthly billing! Under a net monthly billing account, you pay a discount rate and transaction fee for each and every transaction, then you pay for it again if you refund or credit the money back to the merchant, therefore you pay twice! Gross Monthly Billing applies only to the transactions you kept over the course of the month. Just one more way that NMSI helps you keep more of what you earn! | |
| Face to Face vs. MOTO Face to Face (swipe) transactions cost less than a MOTO (key-entered) transaction. The reason for this is because the magnetic strip on the back of a card contains all of the necessary information the terminal needs to collect in order to process the card under a qualifying rate. Key-entered transactions only receive about a small portion of the information the processor is looking for, which lends more risk to each transaction. | |
| Interchange pricing is the same for everyone The Visa and MasterCard Card Associations have set rates for each and every card type available. On Interchange Pricing a merchant will pay a certain mark-up over these rates, rather than a “bucket” rate that tends to be higher, since it would cover all similar type cards. |
