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4Cite.org, an online marketing resource blog, and jemarketing announced the launch of a report and online presentation about fee-free credit and debit card accounts for merchants. The report showcases no cost merchant accounts that help retailers avoid high processing costs on debit and credit card transactions.
More information about 4Cite.org and the report is available at https://4cite.org/no-cost-merchant-accounts
Small and medium-sized retailers bear processing costs ranging from 1 to 4 percent of the transaction price while accepting card-based payments. These processing costs are passed on to the credit card company and can adversely impact business margins.
The 4Cite.org report offers an overview of no cost merchant accounts and highlights the difference between surcharge fees and fee-free accounts. The report lists key consumer and retailer benefits such as low card acceptance fees, improved profit margins, consumer-friendly payment options, and freedom from card carrier rate adjustments.
The report is authored by Ultimate Business Systems and includes access to a 13-minute presentation that showcases how small businesses can benefit from no cost merchant accounts and eliminate up to 100 percent of the cost of accepting credit or debit card payments.
Fee-free credit & debit card processing is a fully legal program that was made possible by the Durbin Amendment. The landmark amendment was passed with the Dodd-Frank Banking Reform Act of 2010. The report and presentation reveal that this program has been used by local small businesses since 2011 to save hundreds of thousands of dollars in transaction fees while remaining compliant with Visa, MasterCard, American Express, and Discovery rules.
No cost merchant accounts allow retailers to offer a lower price for cash transactions and pass on a small processing fee to customers who opt to pay by card.
The report states, “With so many types of payment options, credit card processing can be a challenge for businesses with smaller budgets. Retailers who are looking to reduce fees that cut into their profit margin can take advantage of cash discount programs while offering customers more affordable pricing.”
For more information visit the URL above.
Release ID: 88910027