We all have to take credit cards but it doesn’t have to cost as much as you may be paying. Advantage Card Services is a Broker of merchant services and, as brokers, our loyalty is to the business owner and not the processors.
Why a broker? We represent most of the major processors directly and not just one company. We put your business first and help you select the best company for your needs. Our buying power saves merchants money and our in house, FREE PCI program means you’re never surprised by non compliance fees. Finally, we provide a personal agent who monitors and helps manage your account, handles any questions or issues that may arise and keeps things running smoothly. An experienced person, assigned to your account permanently, that you can go to for anything!
So how much should it cost?
It’s simple…
Take your TOTAL fees paid divided by your total card sales. This will give you your Effective Rate.
Total Fees/Total Card Sales = Effective rate
That’s it!
If you do over 5K in card sales over several transactions then most businesses effective rate will fluctuate slightly, but it’s probably around the same every month. (If you check the last six months you’ll get an accurate average.)
What should your rate be?
Your effective rate is primarily based on your average ticket size, (sales / tickets) and also whether your cards are all swiped or keyed or both. Pin debit can make a difference sometimes as well.
The chart below shows you the effective rates Advantage Card Services merchants are currently paying.
Average Ticket
Under $10.00
Under $10 w/pin
Over $15.00
Over $15 w/pin
100% Swiped
2.5%
2.35%
1.6%
1.3%
100% Keyed
3%
N/A
2.1%
N/A
50% swipe/50% key
2.7%
2.5%
1.8%
1.65%
How do we compare?
Statements are all different and many can be confusing so be sure to account for all the monthly and annual fees you are being charged.
Need help?
Simply fax or email a current processing statement and your contact info and we can quickly show you your effective rate and how much you could save.
With guaranteed best pricing and a personal agent you’ll be glad you did!
Our #1 goal is for our clients to have the most cost effective systems for their business. We’ll help you have confidence in knowing how the pricing works instead of always wondering if one of those cold callers has a cheaper program.
*On average, merchants that switch to Advantage Card Services save 20% of their monthly processing fees.
Please call us anytime with any questions. We’re here to help and we want to earn your business!