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Credit Card Terminal's
Preferred Processor
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click
here Harley Financial
Services
Harley Financial Services is a
Registered Agent of RBS Citizens, N. A., Providence RI
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Typical Merchant Account Fee's
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CONFUSED?
We are here
to Help!
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Retail Merchant Account (Swipe)
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Our Rates
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Industry
Standards Percentages
Of All Credit Cards Taken
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Qualified
Debit Discount Rate
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0.59%
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60%
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Qualified Credit Discount Rate |
1.70%
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25%
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Mid
Qualified Rate (Rewards, Key Enter)
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2.40%
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10% |
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Qualified Rate (Business, Purchasing) |
3.10%
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5% |
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Transaction Fee |
$0.25 |
$0.00
PCI Compliance Fee
$0.00 Maintenance Fee
$0.00 Setup Fee
$0.00 Application Fee
$0.00 Download Fee
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Statement Fee |
$7.50
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| Batch
Header Fee |
$0.15
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Mail Order / Telephone Order (MOTO)
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Qualified Discount Rate
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2.08%
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Transaction Fee
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$0.25
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Call 877-295-6789
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Non-Qualified Rate
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3.10%
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Online
Form
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Harley
Financial Services
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Internet
Account
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E-mail
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Qualified Discount Rate
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2.08%
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Call us today!
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Transaction Fee
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$0.25
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We will be happy to answer
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Non-Qualified Rate
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3.10%
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any questions or help you
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Online
Form
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E-mail
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or Call 877-295-6789
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FAQ's Frequently
Asked Questions
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What is a Merchant Account?
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An account set up with
a credit card processing bank usually through an ISO/MSP (Independent
Service Organization/Merchant Service Provider) for the intention
of processing credit cards.
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What does qualified
discount rate, processing discount or processing rate mean?
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Rate charged on all
credit card transactions that the credit card processing company
charges to handle the transaction for you. It is a percentage
charged on the total dollar amount of a transaction.
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What is a transaction
fee?
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This is the most unreported gotcha.
All processors have some sort of issue for this fee.
It can be frequently labeled watts fee, item fee, transaction
fee or POS watts fee or all the above. If your processor
is not charging a Transaction Fee, they could be putting in
their qualified discount rate giving them the ability to say
"we don't charge a transaction fee". This
usually means higher processing rates
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Surcharges, mid-qualified
& non-qualified?
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Everybody gets them, few
understand them and fewer still do anything about it.
This is the built in fudge factor. Usually Merchants
don't even get quoted on it. What is it? The credit
card industry and it rates are based on risk. This risk
is usually a surcharge rate added above the qualified discount
rate. There is no getting around it. All processors
are charged for it and they in turn pass it through to the Merchant
with a mark up. Since the Merchant usually does not even
get quoted this rate, when they understand it, the Merchant
accepts and continues doing business with it. Once you've
signed, you are normally stuck with it. Be aware while
looking for your next processor, make sure you get these surcharges
quoted. How do they work?
Mid-Qualified Surcharge
Set up for Retail Merchant Accounts under swipe rates
- Key entering a credit card. Did you know that keying
in a credit card when set up under swipe conditions you get
surcharged if you don't answer the AVS questions asked from
the terminal? What questions? Street Address,
Zip code, & CVv2 code. Each processor has the ability
to program your machine to ask these questions when they arise.
You don't get these questions? Surcharged.
Non-Qualified Surcharge
Set up for Retail, Mail Order/Telephone order
(MOTO), internet accounts - Most all Corporate credit cards,
purchasing cards, business standard credit cards, and not
answering AVS questions on MOTO and Internet accounts gets
this surcharge. Businesses can come and go everyday
with no risk of liability to pass on, therefore the risk of
a Merchant doing transactions with companies, consumers over
the phone or on the internet is higher.
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What is Debit Card
Processing?
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Comes in two forms.
Off-line and On-Line. Both forms require a VISA or Master
Card logo on the debit or check card.
Off-Line Debit card Processing
Most common way to accept debit/check cards
is handling it as a normal credit card. Did you know
that off-line debit card rates start 30 to 40 basis points
lower than the standard qualified discount rate. Industry
standards say 60% of all transactions today are from debit/check
cards. You mean your processor does not have a different
rate for your off-line debit card processing? Whose
getting all that money? Be sure you get this rate quoted.
Some processors try to average your industry and don't offer
a lower off-line debit card rate. This is not good most
of the time, because you don't know what percentage of credit
cards taken are debit cards.
On-Line Debit Card Processing
Pending your average ticket, this method of
accepting debit/check card is the cheapest and most secure
method available. In this type of transaction, the card
must be swiped through the machine and a PIN number entered
by the consumer. This PIN number is encrypted and sent
to the processor and then the consumers bank for verification
of PIN and the amount of the transaction. Processors
are getting pretty sneaky with this one but the best we have
seen is so much cents a transaction, period. Example
On-line debit card is $0.65 a transaction, your Off-line debit
card rate is 1.30% Discount + $0.25 a transaction. On
a $100.00 sales your cost for online is $0.65 while Off-line
is $1.30. However if your sale is $10.00 your cost for
On-line is $0.65 and Off-line is $0.38.
On-line debit card processing requires the use of
a PIN pad. It can be internal to your credit card machine
or external through a cable attached to the machine.
Either way, ALL PIN pads must be encrypted
by the the merchants processor. In
other words, for the PIN pad to be encrypted
and secure, the processor has to physically encrypt it.
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1-877-295-6789
