Merchant accounts that operate on an interchange plus pricing structure may sound more intimidating, but they’re actually much more transparent. On an interchange plus pricing structure, merchants pay the exact interchange fee in addition to a flat markup to their merchant service provider.
For security and fraud control purposes, we evaluate merchant processing trends. If a sale is well over the projected average ticket amount, or the occasional high ticket amount, our risk department may call to verify the sale’s legitimacy. We also monitor and flag refunds that are greater than accumulated purchases for a cardholder, as well as monitor for potential duplicate transactions.
All of the money processed through your merchant account will be deposited directly into your business checking account within 48 hours. The monthly fees are debited between the 1st and the 5th day of the month, and will include fees that occurred in the month prior. For example, June’s statement fees will be debited between July 1st -5th.
We have 24hour technical support for all of our merchant accounts, including weekends and holidays. If you are unable to process, or need immediate assistance, you can contact us directly at 877-455-7482.
PCI DSS stands for Payment Card Industry Data Security Standard. This standard (commonly known as ‘PCI’) represents a common set of security due diligence practices that help ensure the safe handling of payment card data. Created by the five major card companies (American Express, JCB, MasterCard and Visa), this standard comprises 12 distinct requirements that are designed to: