It’s safer than taking the card numbers over the phone. With online payments, only the cardholder inputs the card numbers. Numbers are not exposed to you or anyone of your employees. This helps eliminate cardholder information exposure and theft.

Online bill pay listings are low cost and will get you paid faster, safely and direct!

Dave Proy owns 2 online bill pay sites: MedPay1.Com and PayItTonite.Com and can be reached at dave@daveproy.com

The new software can use the data that you input now and add the needed information automatically. It eliminates invoicing and the delay in receiving your funds. Money is received in 24 to 48 hours. So less work, faster payments with less hassle. How about the fact that it can reduce or eliminate accounts receivable issues too!

The savings are substantial. They average $800 to $1000 per $100,000 of volume. These are dollars that you are spending on a service that can be used for more staff, equipment, or just added to the bottom line.

Isn’t it time you moved your company to this system? Isn’t time for you to get paid faster, keep more of your money and save labor costs while providing this payment convenience to your customer base?

The government wanted to reduce the cost of processing these cards & mandated the reduction of fee to 0.05%. This reduction of fees was placed on the card companies. The trouble is, as usual, that congress didn’t do the research to get it right!

The key here is that the card companies were mandated BUT the processors were not mandated to pass the savings along to the merchant. Now many, like the companies we represent have passed these savings along. However there are many processors keeping this windfall, adding millions of dollars in extra profit to their coffers!

If you are like most business owners, you are too busy to keep up on all of these things. You would hope that your merchant services professional would keep you informed and see that you got this break in fees. If you hired a professional, there should be nothing to worry about. But if you hired a sales rep that called you with the greatest lowest rate (for today anyhow) we recommend you re-examine your options.

Are you saving you over .90% or is your merchant service processor keeping it?

By making sure you know whom you are dealing with, someone that has a reputable service for a number of years, one that will give you references and the time to check them out, you will most likely receive these rate reductions when they come along. You’ll receive the service that you should expect from a professional. The quick hitting, love them and leave them phone or “in town for one day” salesperson might save you for a month or two but in the long run, you will most likely pay the price, the long price!

Maybe you need to take a long look —-right now —at your last month’s merchant services statement. Look to see if you are receiving that “Durbin Rate” on 60% to 70% of your debit cards. It’s your money, we advise you keep it.