Archive for June, 2011

Credit Card Processing for Timeshares | Time Share Merchant Account

Tuesday, June 28th, 2011

The Transaction Group offers high risk credit card processing solutions for the time share industry. These include merchant accounts both for businesses that make time share reservations, as well as for those that advertise or sell time share opportunities.

If your business needs to accept credit cards, or you want to reduce your current credit card processing fees, you can get started quickly:

US/Domestic time share businesses APPLY HERE.

International timeshare businesses APPLY HERE.

Need more information? Fill out our ONLINE FORM.

Your Business Model:

One of the many factors that determine the risk involved in processing credit cards for your business is your ‘business model’. What makes up your business model?

•    the service you provide or products you sell
•    how you advertise & market your business
•    your product or service delivery method
•    the customer support offered
•    the price of your product or services

If your business model falls into one of the categories that credit card processors determine as high risk, you’ll have to set up a merchant account with a processing company that accepts merchants with high risk business types.

Other Risk Factors for Timeshare Businesses:

The potential of charge backs a business may create is arguably the most critical factor when it comes to determining the risk of a business. This is because if a credit card processor lets a merchant continue to process cards with a higher chargeback ratio than is approved by the card associations, it can incur heavy fines. Also, if a business generates a lot of charge backs and is unable to cover the debt, the processing bank is required to do so.

Other factors that may influence the determination of whether a timeshare business will be labeled as high risk are the business owner’s personal credit rating, sales methods, high average tickets, and whether the business is membership based or uses recurring billing methods. Businesses that make custom products or ship for future delivery can also be labeled as high risk.


Your businesses history can help you or hurt you:

Obviously if you have a good processing history, you’re going to have a lot more leverage when it comes to negotiating processing rates and fees with your merchant account provider. Even if your business type is determined to be high risk, you can get competitive rates, if your business has a good track record. Most processors are going to require, at a minimum, 3 months of previous credit card processing statements before they’ll negotiate a rate with you. The reason for this requirement is that they want to see if you’ve had a problem with chargebacks or other issues like higher than normal refunds.

If your time share business has a poor processing history, all is not lost, but it will be more of a challenge to get approved. And if you’re fortunate enough to get approved, you will likely pay for that opportunity with a higher processing rate.

Consequences if your business is high risk:

Because of the higher chance of fraudulent activity, many high risk merchant accounts come with extra stipulations such as increased funding delays, reserves, limits on volume and ticket size, and of course higher rates and fees.

Many high risk credit card processors provide tools to help a merchant cut down on potential fraud or charge backs. Take advantage of these services if available. Most reputable high risk processors can be very helpful when it comes to reducing losses associated with processing credit card payments.

Also, if the processor analyzes your risk factors and determines that they are just too significant, it can decline your application for a merchant account. This can be due to any of the issues discussed above. Also, external factors such as changes in the law can cause a business to get declined for processing services.

Getting Started:

The Transaction Group understands the challenges that business owners face when it comes to finding reliable credit card processing for timeshares. One size doesn’t fit all in the high risk industry, so we have multiple relationships with processing companies to ensure we can find the right solution for your business.

To start accepting credit cards today, or for more information about getting a time share merchant account, please click on one of the links below.

US/Domestic time share businesses APPLY HERE.

International timeshare businesses APPLY HERE.

Need more information? Fill out our ONLINE FORM.

Credit Card Processing in Texas | TX Merchant Accounts

Saturday, June 25th, 2011

Do you operate a Texas business? If so, the Transaction Group (TTG) provides credit card processing solutions suitable for almost all forms of businesses within Texas.

No matter if you operate your business virtually on the Internet, by using an actual retail store, or perhaps even out of mobile sites, you’ll find we have TX merchant account services tailored to your needs.

Why select TTG? Unlike pretty much all of the other merchant account companies, The Transaction Group levies no upfront or application form fees, nor do we require that you shell out a monthly minimum. Moreover, TTG does not require our clients commit to a long-run contract. This means that if you wish to terminate your merchant card account at any time in the future, you can do so without the need for paying any sort of cancellation fee.

Apply Now


At TTG, we are able to help merchants operating in all areas of Texas, including the municipalities of Houston, Dallas, San Antonio, Austin, El Paso, Fort Worth, Arlington, Corpus Christi, Plano, Garland, Lubbock, Irving, Laredo, Amarillo, Pasadena, Brownsville, Grand Prairie, plus a whole lot more.

We also can offer first rate credit and debit card processing assistance for most higher risk enterprises.

Mobile Card Processing Equipment

Does your business require you to travel all around Texas? If you have any kind of an on-the-move operation, or alternatively, if you have a need for the capability to accept charge cards while away from your store or place of work, TTG can provide you with mobile equipment that can connect by means of either mobile or WiFi network systems. Some also include dual capability, which permits you to make use of it at your Texas place of business and additionally bring it with you while on the road. For more information, visit our Wireless Solutions page.

Web-Based Merchants

Selling on the internet is a powerful way to promote your organization to prospective buyers who do not make their home in close proximity to your Texas place of business. TTG has the ability to set-up your organization with a web based credit card merchant account and an internet-based payment gateway. These will enable you to process charge card transactions online, in a real-time, safe and secure environment.

Each of our e-commerce payment alternatives contains a virtual terminal element, so that your internet businesses will also be able to process real world purchases by way of face to face transactions & telephone orders. Our company offers three transaction gateways – they all have specialized features, are compatible with virtually all shopping carts and can even support customized coding as may be required. View our On line Merchant Accounts web page to learn more.

Smart Phone and IPhone Processing

Nearly everybody living in Texas carries a smartphone nowadays. When it comes to retailers who don’t do a whole lot of sales volume, using your IPhone or smartphone when you need to accept charge cards could be an extremely practical and inexpensive processing alternative. We can provide swipe and keyed smartphone credit and debit card processing options. Visit our Smartphone Processing webpage for details.

Bricks and Mortar Enterprises

Manage a traditional store or office located in TX? TTG offers plenty of ‘card present’ credit card processing possibilities suitable for enterprises that carry on business in a retail environment.

Seeking a credit card machine? Our new credit card equipment facilitates a variety of connectivity forms, including high speed digital, dial up & Ethernet. To read more concerning the different kinds of merchant account equipment we can provide and their particular characteristics, pay a visit to our POS Equipment page.

High-Risk Merchant Accounts

For a number of businesses and organizations, locating a TX merchant account may be a bit more of a challenge than for most other merchants. TTG can locate high risk merchant accounts for almost all types of Texas businesses.

Listed below are some of the types of higher risk ventures we can help:

  • Online members associations using recurring billing
  • Network marketers
  • Auction online businesses
  • Prepaid phone cards
  • Tickets for sports and other events
  • Preowned vehicle merchants
  • Electronic cigarettes
  • Debt collection agencies
  • Guns
  • Telecommerce
  • Vacation businesses
  • Credit repair
  • Medical marijuana shops, physicians, etc
  • Magazine sales
  • High volume processing
  • Digital books and software
  • Organic and natural nutritional supplements
  • Adult industry
  • Online dating web sites
  • Voice over internet protocol suppliers
  • Investment capital programs and memberships
  • Weak credit merchant accounts
  • Electronics
  • Pre paid ATM cards

To find out more with regard to the Texas high-risk businesses and organizations we can handle, view our High Risk Merchant Accounts webpage.

Want to Submit an Application? Need More Information?

To begin accepting credit cards with your TX merchant account:

Apply Now

Should you like more information, or if you have questions concerning arranging credit card processing with respect to your Texas business, you can phone us toll free (888-383-8056).

New York Commercial Mortgages | NY Commercial Loans & Financings

Wednesday, June 22nd, 2011

Looking for a New York commercial mortgage or possibly mortgage refinancing? If so, our lending partner can help.

Low Cost Financings:

Because of its particular business structure, our lender utilizes a low cost framework. This means their NY commercial loan clients benefit by way of being given market low borrowing rates and closing costs.

You’ll be charged absolutely no fees with regard to their quick and easy application, nor will lender points be charged.

It is a comprehensive commercial lender which can set up commercial loan financing for properties situated throughout New York and across the United States.

Over the past dozen years, it has developed into one of America’s finest originators of business financings. You can benefit from their team’s vast experience in underwriting (and closing) business mortgages, all coordinated with an extremely modern internet-based lending system.

Contact us here for more information

or

Call us at 888-383-8056

New York Commercial Mortgage Products and Solutions:

Financings are offered for investor, as well as owner occupied, real estate properties throughout New York, utilizing up to thirty year terms, along with 90% financing. You’ll also benefit from unlimited cash out options.

Our  lending partner relies on a three level model with respect to its NY commercial loan financings. This consists of small, mid and large mortgages. It also provides a wide selection of additional lending products in partnership with federal, state, insurance, real estate and bank trust products. They also now offer conduit financing (making use of the mortgage-backed securities marketplace) for its New York customers.

Financings are available for businesses located throughout the State of New York, including, amongst others, the Cities of New York, Buffalo, Rochester, Yonkers, Syracuse, Albany, New Rochelle, Cheektowaga, Mount Vernon, and Schenectady.

Categories of NY Mortgage Loans That Are Available:

Small, Medium and Large Commercial Loans; Refinancings; Construction Loans; Apartment and Multifamily Financing; Bridge Loans; SBA Loans; Equipment and Inventory Financing; Conduit Lending, Factoring; and USDA Loans.

Forms of Businesses that are Eligible:

Multi Family Housing, Gas Station, Clinical Facility, Low Cost Housing, Manufacturing, Local Mall, Restaurant, Condos and Apartments, Car Repair, Mini and Self Storage Hospital, Manufactured Housing, Vehicle Dealership,  Motel, Assisted Living, School, Bowling Alley, Marina, Carwash, Business Construction, Veterinary, Congregate Care, Student Housing, Daycare, Business Office, Dental Care, Golf Community, Hotel, Mixed Use, Nursing Home, Church, Warehouse, Funeral Chapel, Health And Fitness Center, in addition to many more.

Get Started:

To begin the application process, or if you simply have questions concerning getting qualified for a New York commercial mortgage, you can:

 Contact us here for more information

or

Call us at 888-383-8056

Merchant account processing for Investment Opportunities, Seminars, Clubs

Wednesday, June 15th, 2011

We offer merchant account solutions for businesses that offer investment programs such as:

Investment Seminars
Investment Clubs
Investment Opportunities

Historically businesses that offer investment related programs have had a challenging time obtaining merchant services. We have partnered with merchant processors that understand the investment industry and will work with you to help reduce charge backs and disputes.

Credit card processing solutions available for Investment seminars, clubs and opportunities:

Internet merchant accounts for eCommerce businesses
Credit card terminals
Wireless and Wi-Fi terminals

Ready to get started or have additional questions?

Fill out our online form today and we’ll call you right away.

Or

Apply Online.

The Transaction Group helps businesses that offer investment seminars, clubs, and opportunities accept credit cards from their clients by offering cost effective and dependable credit card processing solutions.

Best Merchant Account for Small Business

Tuesday, June 14th, 2011

What’s the best merchant account for a small business? We get asked that question all the time. There’s no “cookie cutter” answer to this question either as all businesses have unique needs.

Think about your core business first. Is it eCommerce, storefront/office, or mobile?

If your core business is eCommerce, you’re going to need a internet merchant account and online payment gateway. This will give your website the ability to process credit cards, real-time and securely online. Most online payment gateways also have a virtual terminal feature, which allows you to process transactions manually as well. If you take phone or face to face orders in addition to internet orders, a virtual terminal is a must. For more information visit our internet merchant accounts page.

If you work out of an office or storefront do you take payment for your product or service face to face?

If face to face, the most obvious solution is a credit card terminal. The terminal will allow you to take advantage of lower swiped rates, and the speed and ease of swiping the card vs. manually keying in the card information. If you ever leave your location and conduct business in the field, you may want to consider a multi-use terminal. There are many terminals out there that support both wireless & dial up connectivity.

If not face to face you may want to consider an online payment gateway like Authorize Net. Using your computer to process credit card transactions has its advantages too.  You can email your clients a transaction receipt, process refunds and voids, and take payments on your smart phone, if you need to step out of the office from time to time.

If your business is mobile you have more options today than ever before.

In the past, if a merchant needed to take payments while out in the field, their options were pretty limited to having to purchase a wireless credit card terminal. For a new or small business buying a wireless terminal and paying the additional fees associated with it can get expensive. Especially if you don’t know how much sales volume you’re going to be processing.

If you’re starting a new business we always recommend trying a smart phone or dialpay solution first to “test the waters”. This gives you the ability to accept a credit card remotely, without having to purchase a wireless terminal. If you see that you’re going to be doing a lot of transactions, you can always upgrade your account to a wireless credit card terminal at a later date. Added functionality like built-in printers and on-screen signature capture make wireless credit card terminals a valuable sales tool for merchants that do higher credit card volume.

The Transaction Group is dedicated to providing your business with the processing tools it needs to compete in today’s ever evolving sales environment.

Click here to apply now

Have additional questions or need advice about a best merchant account for small business? Call us today at 888-383-8056.