Category: Best Practices for Merchants
February 22nd, 2017 by Elma Jane
Recently Funded Deals
Business: SPA
Product: SBA Loan
Loan Rate: 6.25%
Term: 10-Year
Funded Amount: 100K
Monthly: $1247
Use of Funds: Equipment Purchase
888-996-2273 Ext 1159
NTC works with business owners to find the easiest and least expensive way for your business to access capital.
Loan Types:
Line of Credit
SBA Loan
Term Loan
Posted in Best Practices for Merchants Tagged with: loan
February 21st, 2017 by Elma Jane
The Travel Payment Expert
No Setup or Cancellation Fees
100% Next day Funding
Lowest price Guarantee
24/7 US Based Support
#1 Preferred Payment Processor among Travel Associations
NTC ePay, our exclusive electronic invoicing platform. (Email customers invoices and get paid even faster, eliminating paperwork and saving time).
For Electronic Payment Setup or FREE Rate review, call us now 888-996-2273
or visit www.nationaltransaction.com/travel/ and use our contact form.
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: Electronic invoicing, electronic payment, payment, processor, travel
February 20th, 2017 by Elma Jane
Save Money, Get 30 DAY FREE TRIAL!
Start saving now with NTC’s Advantage Benefits and Perks Program exclusive to our Merchants!
The advantage benefits and perks program focuses on delivering discounts that will help our merchants reduce operating business expenses.
Take advantage of these discounts, with access to over 15 categories of vendors covering:
Shipping – Save up to 28% on shipping with the world’s largest package delivery company.
Legal Services – Save 15% from the leading provider of online legal document services.
Computer & Electronics – Saving of up to 35%.
HR & Payroll Services – Save 27% off.
Telecommunications – Save between 12% to 15% on business lines, and 10% on personal lines.
Web Design and Services, and more.
For more information call now 888-996-2273
Posted in Best Practices for Merchants Tagged with: merchants
February 16th, 2017 by Elma Jane
Chargeback Cycle
A chargeback is also known as a reversal; a credit card transaction that is reversed to a merchant because of the customer or customer’s bank disputes charges. Other reasons include fraud, credit card processing errors, authorization issues and non-fulfillment of copy requests. There’s an assigned reason code for every chargeback. Reason codes may vary by VISA and MasterCard.
How does the chargeback cycle work?
1. A customer files a complaint to card-issuing bank.
2. The bank sends disputed transaction (chargeback) to acquirer.
3. Acquirer receives chargeback and resolves it or forwards to the merchant for documentation.
4. Merchant accepts chargeback or addresses issues and resubmits to Acquirer.
5. Acquirer represents the chargeback to the issues once acquirer agrees the merchant has properly addressed it.
6. The issuer resolves the dispute by reposting to the cardholder’s account.
7. The cardholder receives dispute information and may be rebilled or credited.
Every merchant that offers credit card processing to its customers should be concerned about chargebacks to their merchant account.
Lower your risk of chargebacks by following the tips below:
Verify card logos, credit card numbers, identification, customer signature and check the expiration date.
Call for voice authorization if the card stripe doesn’t work or if the terminal is down or cannot authorize.
Authorize every transaction.
Be sure your customers are familiar with your return or exchange policy.
Posted in Best Practices for Merchants Tagged with: bank, cardholder, chargeback, credit card, customer, merchant, merchant account, transaction
February 14th, 2017 by Elma Jane
Prevent Freeze, Holds, and Terminations
Common ways to prevent freezing; holds and termination to your account.
Minimize Chargebacks – chargeback should always be limited. An excessive number of chargeback whether won or lost is a red flag.
Minimize Fraud – if fraud is suspected, your account will be frozen pending an investigation.
One account per business type – if you have multiple businesses, you must have a separate account. If one account is being used for a different business altogether, that’s the quickest way for an account to be fully terminated.
Sell only the services or products you said you’d sell – selling other product or services could violate your Marketing Services Agreements.
Stay within your average monthly volume and ticket – an unusually high processing volume or average ticket is one of the fastest ways to get your funds held. To avoid this, notify your provider of an expected busy month. Call your provider for a large transaction before running it.
Use appropriate payment account types – card present (retail) and card-not-present accounts (internet). Card present means both customer and their credit card are present in the store. Card-not-present means card nor the person are not physically present at the time of the transaction. A large number of card present transactions on a card-not-present account or vice versa can result in a hold or termination of an account.
For Electronic Payments call now 888-996-2273 or got to www.nationaltransaction.com and click on get started
Posted in Best Practices for Merchants Tagged with: card present, card-not-present, chargeback, electronic payments, fraud, provider
February 13th, 2017 by Elma Jane
Smart Device for Lodging Transactions
Function meets form with this latest payment terminal.
Accepts All Payments – Magstripe, Chip (EMV) Cards, Mobile Payments like Apple Pay (NFC) and Manual Keyed.
An All-In-One Smart terminal – simplified, single card slot for Magnetic Stripe and EMV. Customer display for PIN, signature, tipping, receipts and more. Interactive 7″ touchscreen. Connects to Wifi or Ethernet. With built-in printer.
Security – PCI certified, End-to-End Encryption. Data is protected by the latest technology.
Supports Lodging Transactions – Check-In/Check-Out, Quick Stay, Incremental Authorization/Update. Sale, refunds, and voids.
Reporting (HQ) – a simple dashboard where you can monitor your sales, refund transactions, get business insights and alerts, and view settlements and transaction in real time. Accessible on the internet or from the HQ App on your Smartphone.
Robust Payment processing – access your funds within 24-48 hours, 24/7 customer service, convenient reporting, PCI program & data breach coverage.
For Electronic Payments call now 888-996-2273 or go to www.nationaltransaction.com and click get started.
Posted in Best Practices for Merchants, Credit Card Reader Terminal, Electronic Payments, EMV EuroPay MasterCard Visa, Near Field Communication, Payment Card Industry PCI Security Tagged with: data, EMV, mobile, payment, PCI, Security, terminal, transactions
February 10th, 2017 by Elma Jane
NTC’s Benefits and Perks Program!
Start saving now with NTC’s Advantage Benefits and Perks Program exclusive to our Merchants!
The advantage benefits and perks program focuses on delivering discounts that will help our merchants reduce operating business expenses.
Take advantage of these discounts, with access to over 15 categories of vendors covering:
Travel Services Office Supplies Telecommunications
Web Design and Services, and more
Save up to 28% on shipping with the world’s largest package delivery company.
Save 15% from the leading provider of online legal document services.
Saving of up to 35% on computer and electronics.
Save 27% off on payroll services and retirement services.
Save between 12% to 15% on business lines, and 10% on personal lines.
Rental Cars Save up to 25% on your car rental.
For more information call now 888-996-2273! For products and services go to www.nationaltransaction.com
Posted in Best Practices for Merchants Tagged with: merchants, online, travel
February 9th, 2017 by Elma Jane
Electronic Giving Is it Right for your Church?
The congregation is ready for Electronic Giving, implement Electronic Giving in your Chruch with NTC.
According to Federal Reserve Bank, people are writing fewer checks and using electronic payments more.
Reasons Church should offer Electronic Giving:
Donors can make additional contributions.
Electronic Giving encourage and promote Financial Health.
Infrequent givers become regular givers with Recurring Payments.
People who can’t attend service or forgot to bring checkbook can still give.
NTC Electronic Giving Offers:
Mobile offsite activities fundraising-NTC E-Pay email invoicing-Security data Breach Protection
Automatic, recurring donations: Reoccurring Donations: Secure Payment Form For:
Online Electronic Giving Auto updater Website
Use credit or debit card Web Form Social Media
For Electronic Giving call now 888-996-2273 or visit www.nationaltransaction.com and click get started.
Posted in Best Practices for Merchants Tagged with: credit or debit card, E-Pay, electronic, electronic payments, financial, invoicing, mobile, online, Recurring Payments, Security
February 6th, 2017 by Elma Jane
Managing Chargeback:
Chargeback – a forcible reversal of funds due to a credit card holder’s dispute of the transaction. Chargebacks can be a huge headache for a business owner, it can affect a business’ ability to maintain a credit card processing account and put funds on hold.
How can you protect your business and maintain a good processing account? First, you need to know the basic chargeback types:
- Clerical – duplicate billing, incorrect amount billed or refund never issued.
- Fraud – consumer claims they did not authorize the purchase or claims identity theft. Fraud disputes can be more complicated since they are the result of fraudulent consumer purchases.
- Quality – consumer claims to have never received the goods as promised at the time of purchase.
- Technical – expired authorization, non-sufficient funds or bank processing error.
Managing chargebacks is an important piece and it can certainly be reduced, to save your business, time, money and reputation.
For Electronic Payments Set up call now 888-996-2273 or visit www.nationaltransaction.com and click get started.
Posted in Best Practices for Merchants Tagged with: bank, chargeback, consumer, credit card, fraud, funds, processing account, refund, transaction
January 31st, 2017 by Elma Jane
Selecting a Payment Provider
Selecting electronic payments provider for your business is critical. NTC believes that the process starts with an honest assessment of your business and the types of credit card processing options it requires. (Retail or e-commerce, Card Present or Card-Not-Present)
Card present transaction is the most common type of account. Card-Not-Present (CNP) is a different type of account if you run a MOTO (mail order telephone order) or Internet operation.
Here are some points to keep in mind in selecting your electronic payments provider:
Referrals from fellow business owners and checking out payment providers online.
Evaluate products and services as well as cost to determine which electronic payments provider offers the biggest savings for your business.
Make sure the deals you’re considering include all the features and services you need and none that you won’t use.
Keep upgrade options in mind.
Look for 24/365 support and discuss customer service support.
Read the fine print in your contract.
The merchant account provider’s reputation is important, so find out how long they’ve been in business and their reputation in the industry.
NTC has over 20 years’ of Bankcard History. Helping businesses of all sizes for over 25 years in the industry. Call us now 888-996-2273 and tell us all about your business needs and requirements and we’ll put together a package of products and services that will best serve your credit card processing needs. There are a variety of solutions, so it’s important to focus in on those that directly address your needs.
Posted in Best Practices for Merchants Tagged with: cnp, credit card, customer, e-commerce, electronic payments, internet, merchant account, online, payment provider, payments, retail, transaction