Category: Best Practices for Merchants
March 6th, 2017 by Elma Jane
Electronic Payments Processing
Credit and debit card industry grows in electronic payment processors and the services they offer; unfortunately, customer support seems to be considered to be less important.
National Transaction believes that customer support is of greater value. Any merchant would love to get new a new equipment or credit card terminal for free, but what about support for this service? Get the most from your Electronic Payments Processing!
NTC offers the following:
Live US Based Customer Support within three rings
Guaranteed Lowest Rates
Next Day Funding
NTC ePay Electronic Invoicing (allows the merchant to simply email payment request).
Online Reporting and Processing Tools Included
Security (PCI Compliance, Tokenization, and Encryption).
Call us now 888-996-2273 www.nationaltransaction.com
Posted in Best Practices for Merchants Tagged with: credit, customer support, debit card, Electronic invoicing, electronic payment, encryption, merchant, payment, payment processing, PCI, processors, Security, terminal, tokenization
March 3rd, 2017 by Elma Jane
RECENTLY FUNDED DEALS
Our Loan Specialist work with business owners to find the easiest and least expensive way to access capital.
Call now 888-996-2273 Ext 1159
Posted in Best Practices for Merchants Tagged with: loan
March 1st, 2017 by Elma Jane
ELECTRONIC PAYMENTS
When it comes to electronic payments, certain types of businesses are considered high risk.
Most merchants do not realize that electronic payment processors carry a financial risk on merchant accounts, and normally fund merchants prior to receiving payment from the client’s bank.
Essentially, a merchant account is an unsecured loan.
Different factors used to determine when a business is a high risk are:
- Types of products
- Services they sell how
- How they sell them
Online transactions are considered high risk because there are increased risks of fraud.
A key factor used to determine the risk of a business is chargebacks.
Chargebacks include customer refunds and fraudulent transactions.
Payment providers assess this risk to determine the percentage of chargebacks your business is likely to experience.
Businesses that are considered high risk where they take advanced payments:
- Travel agencies
- Ticketing services
Electronic payments provider is necessary if you want to accept debit and credit card transactions.
For high-risk electronic payments please feel free to call us at 888-996-2273.
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: bank, chargebacks, credit card, debit, electronic payments, fraud, loan, merchant accounts, merchants, online, payment processors, transactions, travel agencies
February 22nd, 2017 by Elma Jane
BEST PRACTICES
Posted in Best Practices for Merchants Tagged with: card, cardholder, voice authorization
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
