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New Business Advice, Corporate Identity, Merchant Accounts
New Business Advisor is a full-service consulting company specializing in providing advice to small businesses regarding merchant accounts, free credit card processing, website design, hosting, domain names, shopping carts, business identity, business logo design, corporate image, corporate logos, custom logo design, flash, graphic design, logo identity, stationery, web design, search engine optimization, search engine positioning and more.
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Merchant Account and Credit Card Processing at The New Business Advisor
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Does your business accept credit cards? Accepting credit cards with a merchant account at The New Business Advisor can increase your sales each month. Credit Card Processing reports by the "Nilson Report" in August 2004 found that over 90% of all online transactions are done via credit cards or debit cards.
Most of our competitors offer the exact same credit card processing machines or payment gateway software and charge you hundreds of dollars or tie you up in a 3-4 year non-cancelable leases that will cost you thousands of dollars. (A Simple 29.99 lease x 48 months cost you $1439.00. A simple 39.99 lease x 48 months cost you $1919.00.
Our equipment and software is provided to you for FREE. In Addition to giving you a Free Terminal or Free Payment Gateway Software, we will provide you with your own merchant account. This merchant account will allow you to accept all forms of credit cards including, Visa, MasterCard, American Express, Discover, and even Online or Telephone Checks.
To qualify to receive a FREE Credit Card Terminal or FREE Payment Gateway Software, you must obtain a merchant account through us and agree to stay processing with us for a minimum of 1 year or pay a $150.00 early termination fee. We work very similar to a Cell Phone Company.
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Merchant Account Basics at The New Business Advisor
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A merchant account is required to accept credit cards using The New Business Advisor. A merchant account is a special account with a bank that is a member of the Visa and MasterCard associations. Such a bank has been certified by Visa and MasterCard associations and can provide you, the merchant, with all of the services related to your merchant account.
Now that you understand the basics of how a credit card merchant account works, you can see the role that The New Business Advisor has in the processing of your credit card transactions.
Business Types
Retail Merchant Account - This type of merchant account applies to credit card transactions where the customer is present. Perfect for retail storefronts, restaurants, hotel & motel, malls and kiosks, service businesses & more! Your rate for these transactions are 1.79% plus .25 cents per transaction.
Keyed Merchant Account - Card not-present transactions are hand-keyed into the free Nurit 2080 credit card terminal we provide for your business. Keyed credit card transactions are those orders via phone, mail, fax, or internet. Your rate for these transactions are 2.35% plus .30 cents per transaction.
Wireless Merchant Account - Using the Comstar Mobile Merchant or the Nurit 3010 terminal, you will qualify for card-present transaction fees by processing your transactions via a wireless connection, similiar to your cellular phone. Great for flea markets, service businesses and trade shows. Your rate for these transactions are 1.79% plus .25 cents per transaction.
Internet Merchant Account - Card not-present transactions processed in real-time via an Internet Payment Gateway and/or Internet Virtual Terminal. Your rate for these transactions are 2.35% plus .30 cents per transaction.
Understanding your merchant provider’s rates and fees - All banks and merchant providers require "transaction fees" from you for accepting credit cards. Typically, these fees are broken down into 3 categories: a discount rate, a transaction fee, and monthly fees. For the bank's purposes, a transaction is usually defined as any communication between you and the processing network. A "credit" transaction is treated the same as a regular transaction. Settling a batch is usually considered a transaction as well, as it involves communication with the processing network.
Discount Rate - This is the percentage of the total transaction amount that the bank will usually deduct prior to transferring your deposit into your bank account. Typical discount rates range from 2.5% to 5%, depending on your type of business and other factors. A higher rate may be charged on individual transactions if the transaction doesn't conform to certain qualifications, as described by your bank or merchant provider. For instance, accepting a "Visa Business Card" credit card may cost you 1% more than regular transactions. The reasons for these non-qualified transaction surcharges and complete details on all transaction qualifications should be discussed with your bank or merchant provider. Address Verification (AVS) may also fall into this category when not used properly. Address Verification (AVS) is described below.
Transaction Fees - This is a flat amount that you pay for each transaction. Typical transaction fees range from 30 cents to 50 cents per transaction.
Monthly Fees - These are fees charged for other account related services, such as customer service, your monthly statement, network access fees, and minimum monthly fees.
All the fees and charges are required to be disclosed to you prior to your commitment to the merchant agreement between you and your bank or merchant provider, and are usually enumerated carefully to you in the merchant agreement itself.
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Internet Payment Gateway Software at The New Business Advisor
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Getting started processing transactions through the Pay-Me-Now payment gateway is easy. This site will provide you with a description of the different processing options you have, and guide you through the steps to getting up and running quickly.
Virtual Terminal - This is the easiest way to process transactions. No integration is necessary --- simply login to the Pay-Me-Now, select one of the Virtual Terminal menu options, fill out the form with your consumers account information and payment amount, and press Submit.
Credit Card Processing - Accept all major credit cards, including Visa, MasterCard, American Express, Discover, Diner's Club, and JCB via Pay-Me-Now software.
ACH Checks - Give your consumers the option of paying via Online Check.
Electronic Check Conversion - Convert all your check transactions into electronic ACH transactions eliminating the need to make daily deposits at the bank.
ACH Check Services Equipment - Take advantage of our full suite of ACH check services, check guarantee, electronic check conversion with our USB check imagers for your computer.
Recurring Billing - Easy to use automated billing of recurring amounts.
Membership / Subscription Password Service - Add "premium" content areas to your web site that can only be accessed for a fee.
Wireless Transactions - Submit and view transactions from your WAP-enabled phone, Comstar mobile merchant, or the Palm VII.
Fraud and Risk Management (FRISK) - Customizable fraud and risk management system helps you maximize sales and minimize risk.
Shopping Cart Integration - Pay-Me-Now supports most available shopping cart software so it integrates easily with most e-commerce solutions.
HTML Web Link - Pay-Me-Now Web Link is a secure online payment-processing check-out that allows Internet-based businesses to authorize, process and manage payment transactions without installing software on their Web site.
Online Reporting - All the details of your transactions are available online via our comprehensive Pay-Me-Now web reporting site.
Dedicated Support - Merchant Partners gives businesses the personal attention and responsiveness they need to succeed online.
PayMeNow ACH Checks provides a payment solution that enables online and traditional merchants to accept and process electronic check payments directly from their Web site's storefront or through the PayMeNow Virtual Terminal. By accepting electronic checks at your business, merchants are able to expand the payment options available to their customers and potentially increase their sales.
Check Guarantee is the most commonly used check service allowing the merchant to “insure” the face value of the check and protecting the merchant against checks written on non-sufficient funds (NSF). Merchants obtain electronic approval or voice authorization for the transaction and then deposit the checks. Checks that do not clear can be submitted for reimbursement
Check Conversion you can convert your customer's paper check into an electronic ACH transaction and process it using the same gateway process you use for all of your other electronic payments. Just scan the paper check through a check reader at the retail Point of Sale. Once the check has been converted, it is electronically processed just has if you entered it in directly via the Virtual Terminal. The original check is voided and handed back to the customer - no paper processing is required!
Debit is an electronic payment method that allows cardholders to access funds from their bank account at the point of sale using a debit card and a Personal Identification Number (PIN). The cardholder must enter a PIN to authorize payment of goods, and once the transaction is authorized, the money is debited from the cardholder's bank account and credited to the merchant.
Now you can process retail POS transactions and take advantage of reduced card present merchant account transaction fees using our Virtual POS (VPOS) and an inexpensive credit card swipe reader attached to your PC. No software installation is required, and no dedicated credit card terminal needs to be installed.
For minimal fees, you can add premium services to your standard check guarantee service that will provide additional check protection to your business such as multiple checks, stop payment disputes, partial payments, COD, flat fee warranty, and more.
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Lipman Nurit 2080 or Verifone Tranz 330 Credit Card Terminal - Free - at The New Business Advisor
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We will provide you with a Lipman Nurit 2080 or Verifone Tranz 330 credit card processing terminal (factory refurbished) for FREE. Terminal manufacturers vary based on our current inventory in stock but we primarily stock Lipman, Linkpoint, and Verifone equipment.
The NURIT 2080 or Tranz 330 terminal is perfect for the home-based business where a receipt printer is not required. It offers the same processing power, flexibility and fast transaction speed. The NURIT 2080 features the state-of-the-art Address Verification Service (AVS), which helps to prevent "electronic shoplifting" by mail order fraud.
Nurit 2080 or Tranz 330 Advanced Features and Security - Accepts MasterCard/Visa, Discover, Diners Club, and American Express,, Accepts ATM/Debit cards, Process check guarantee, Easy-on-the eyes flourescent characters for low light conditions, Credit card receipts are numbered for easy review, Automatic credit card batch summary printing and closing, Credit card fraud protection, Credit card receipt header and trailer messages can be customized, Enhanced credit card detail lookup in the item review and void, Credit card receipts are numbered for easy review.
The NURIT 2080 or Tranz 330 is a low-cost, powerfully featured and compact addition to the popular series of Lipman POS/EDC terminals. Simple or complex business transactions are processed for maximum communication efficiency and ease-of-use to answer the POS requirements of any merchant. Designed for years of dependable operation, the terminals naturally operates with any of the impact and thermal roll printers providing the user with the "ideal All-In-One Modular Solution". Logically, this terminal is also designed to smoothly integrate and operate with external printers of most other manufacturers. The NURIT 2080 or Tranz 330 terminal is our commitment to excellence in design and quality and your best value in a POS terminal !
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