Archive for August, 2011

Telemarketing Credit Card Processing | Telemarketer Merchant Account

Thursday, August 25th, 2011

Why do telemarketing firms need credit card processing services and merchant accounts?

Well, getting someone to answer your phone call can be a challenging task. And getting that same person to write out a check or money order & then mail it to you can be almost impossible.

But telemarketing companies that are able to take payments right over the phone can “strike while the iron is hot” and close the deal at a much higher rate.

Telemarketers that can accept credit cards enjoy the following advantages:

  • close a lead that may not have available cash in their checking account.
  • customers are easier to ‘upsell’ when they can charge it on their card.
  • funds are available within 2 business days vs. waiting 7-10 days for a check
  • no bounced checks.
  • a significant increase in sales & conversion rates.

In today’s competitive business environment, it’s crucial that you have all of the tools you need to be successful. The Transaction Group provides credit card processing solutions for all types of telemarketers. Take your telemarketing company to the next level by accepting credit cards as payment from your customers.

Application for U.S. based telemarketing merchant account

Have questions?  Fill out our ONLINE FORM today!

 

Risk Issues for Telemarketing Businesses:

When assessing whether to grant your telemarketing  business a merchant account so that you can process credit cards, processing companies look at a number of ‘risk factors’ associated with your business. These include:

  • the level of chargebacks your business is likely to incur
  • the industries you will be serving in your telemarketing activities
  • the way your business advertises & publicizes itself
  • the cost of your services
  • the credit rating of your business and its owner

If you are already processing but wish to switch to a new processing company, you will unquestionably benefit if your business already has a decent processing record. You’ll likely enjoy much more leverage when engaging in bargaining your rates and fees. The majority of processing services are sure to need from you, at the very least, 3 months of preceding processing statements to review, before they’ll hammer out a rate with you.

On the other hand, should your business venture own a poor card processing history, all is not lost, but it may well be more of an issue to get approved, and if approved, you will almost assuredly be subjected to higher than average processing fees.

In the likely event your telemarketing business is assessed as being high risk, you may be subject to added restrictions, for instance fund deposit delays, cash reserves, restraints on sales volume levels, as well as increased discount rates and other fees.

Furthermore, if the merchant account provider assesses your telemarketing business’ risk factors and makes a decision that they are just too significant, it may deny your application for a merchant account altogether. This could be a consequence of any of the issues discussed earlier.

What to Do Next:

The Transaction Group understands the issues that telemarketers cope with whenever it comes to tracking down secure and reputable merchant services.

We know that every business is unique, and so we have developed a number of partnerships with card processors to be certain that we are able to secure the most desirable processor for your organization.

If you want to get started with accepting credit cards today in your telemarketing business, or simply wish to learn more concerning credit card processing for telemarketers, feel free to click on either of the links just below.

Application for U.S. based telemarketing merchant account

Have questions?  Fill out our ONLINE FORM today!

Jewelers and Jewelry Store Merchant Account

Wednesday, August 24th, 2011

The Transaction Group provides credit card processing solutions for jewelry stores and online jewelers. We offer low rates and excellent service for jewelers that don’t currently have a merchant account, and HUGE savings for jewelry stores that currently do.

Jewelry stores traditionally have higher ticket sales than other businesses. This makes it even more important to take credit cards, as most of your customers may not have the available cash in their checking account to make that important purchase. By being able to accept their card, you give them the ability to buy today & spread the payments out over time.

Click here to apply now

Accepting credit cards at your jewelry store has many other advantages as well such as:

– Your customers are easier to upsell.
– Customers have more ease of mind making large purchases knowing the credit card companies have their back in case of fraud or deception.
– Credit cards don’t bounce like checks.
– Businesses that begin to accept credit cards usually see sales increases of 30-100%.

We offer all types of merchant account solutions for jewelers and jewelry stores including: terminals, smart phone, wireless, and eCommerce credit card processing.

For more information about credit card processing for jewelers call today .

Apply Online for a merchant account and accept credit cards at your jewelry store today!

PCI Compliance Standards for Merchants | Payment Card Industry DSS

Monday, August 8th, 2011

The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements developed to help ensure security standards for businesses that process credit cards. PCI compliance standards for merchants applies to any business that has a Merchant ID (MID), regardless of size or number of transactions, that accepts, transmits or stores any cardholder data.

Created by the major payment card brands in 2006, the Payment Card Industry Security Standards Council (PCI SSC) set out to manage the ongoing evolution of the Payment Card Industry (PCI) with the goal of improving account security throughout the transaction process.  All PCI DSS requirements are administered and managed by the PCI SSC (www.pcisecuritystandards.org); however, enforcement is the responsibility of the payment brands.

PCI compliance standards for merchants are enforced through penalties for noncompliance. Depending on the situation, the payment brands can impose fines to acquiring banks for noncompliance violations.  The banks will most likely pass these fines to the merchant, and may either terminate the relationship or increase the transaction fees.  Although penalties are not widely publicized, fines can range anywhere from $5,000 to $100,000 and can be catastrophic to a small business.  It is therefore important for any business with a merchant ID to be familiar PCI DSS requirements and the merchant account agreement.