Merchant Svc – We Offer Free Merchant Services And Payment Processing

How Our Merchant Svc Payment Processing Is Free To Businesses

Merchant Svc

Merchant Svc can be an expensive part of running a small business. Most credit card processing companies charge on average a 3% fee for merchant services. 

This can of course add up to a huge financial liability over the course of months or years. How much more profitable would your company be if it could stop paying merchant svc fees from processing bank cards?

Our free merchant svc payment processing and free POS point of sale system work hand-in-hand to eliminate all of your credit card processing fees. Because, what business owner wouldn’t want to eliminate all of their processing fees at no additional cost?

With our free POS system and dual-pricing technology, the payment processing cost no longer falls upon the shoulders of the business. Similar to what gas stations have been doing for decades, the customer covers the cost of processing if they choose to use a card instead of paying with cash.

The dual-pricing merchant svc model is rapidly being adopted by tens of thousands of small businesses every month. With the rising cost of inflation, small businesses need merchant services that keep up with the changing economy.

Understanding How Merchant Services (Merchant Svc) Work And How The Cost Can Be Completely Eliminated

Merchant services, often abbreviated as merchant svc, refer to a suite of financial services designed to enable businesses to accept and process electronic payments from customers. This is the main function of a merchant svc provider.

However, from payment processing services to credit card processing solutions and POS services, merchant services encompass a wide array of offerings tailored to the diverse needs of businesses across various industries. At its core, merchant svc serve as the backbone of modern commerce, facilitating seamless transactions and empowering businesses to meet the evolving demands of consumers.

Merchant Svc Payment Processing

Payment processing solutions form the cornerstone of merchant services, enabling businesses to securely process electronic payments from customers.

These solutions encompass a range of services, including transaction processing, authorization, and settlement, ensuring the smooth and efficient flow of funds between merchants and financial institutions.

A Merchant Svc provider works between the merchant, the customer and these institutions to facilitate the transactions.

Think of the merchant service as the one who integrates all parties involved and makes sure everyone gets their needs met in the interaction.

In other words, the merchant service provider is the point of sale for the point of sale business!

Let's Take A Look At The Transaction Processing, Authorization And Settlement Functions To See How Their Fees Can Be Eliminated For Your Business

There are several components involved in a merchant svc transaction. The customer of the merchant has a credit or debit card given to them by their issuing bank.

The acquiring bank is the bank of the merchant. The merchant svc transaction facilitates the transfer of those funds. When a customer swipes their card at a POS system (point of sale), the terminal or POS system uses the card networks (such as Visa and Mastercard networks) to contact the issuing bank to check if the customer has the money in their account to pay for the product or service.

The issuing bank responds with an authorization code confirming the approval. Then, the transaction is approved at the point of sale. But the money is not actually transferred yet.

At the end of the day, the merchant settles their card transactions with a payment settlement function in their merchant service device or online dashboard. This is basically a request to the merchant svc provider to ask the issuing banks of the cards used that day to release the money to the merchant svc company to forward to the merchant’s bank- the acquiring bank.

The merchant svc provider immediately issues the money to the merchant’s bank. Which, usually shows up in the merchant’s bank account the next day. However, the transaction is not completely done yet. It usually takes a couple days (provided there were no chargebacks or disputes by the customer) for the money to make it out of the issuing bank to the merchant service provider.

The Main Function Of The Merchant Service Provider

Covering this risk and providing next day settlement to the merchant is one of the main benefits a merchant svc provider brings to the transaction. This allows businesses to deal with just one vendor to transfer and secure all their transactions. Not to mention, provide point of sale systems, technical support, reporting and other necessary transaction accounting services.

The payment processing fee the merchant svc company charges is split between the issuing bank, the card networks (Visa, Mastercard, etc.) and the merchant service company itself. This fee is calculated in many different ways depending on the merchant svc company’s business model. However, it usually ranges from around 2-4% per transaction.

How Our Free Merchant Svc Program Is Able To Completely Eliminate These Payment Processing Fees

Most merchant svc providers offer traditional credit card processing functionality. This means that the business owner usually eats the cost of covering the payment made to the issuing bank, the card networks using in transactions, and the merchant svc company itself. The details and innerworkings of this process are explained on the how free payment processing works page.

But here’s a summary: Imagine that a business sold a $100 product and the customer used a debit or credit card to pay for it. Traditionally, the merchant would only receive around $97 deposited to their bank account the next day. (They would eat the average 3% cost of the merchant service payment processing of the transaction.)

With our dual-pricing model and Edge software program, two different prices are offered at the point of sale to the customer. This is the same thing gas stations have been doing for decades. The customer is offered an option. They can pay cash, and avoid a card transaction all together. Or they can opt to use the convenience of their card and cover the fees associated with it.

This relieves the business owner from eating those costs. This technology is rapidly gaining popularity among small businesses. More and more businesses are starting to use this dual-pricing model. And customers nationwide are becoming accustomed to covering the payment processing fees instead of the business.

How The No-Fee Payment Processing Model Operates

Merchant Svc providers still provide the same type of service: They work with the merchant, the issuing bank, the acquiring bank and card networks to seamlessly facilitate payment processing on behalf of the merchant.

However, the processing fee transaction structure is different. The merchant service company still collects the fee,  allocates it and processes the transaction when a customer chooses to use a card instead of cash.

However, after paying the issuing bank and the card networks, the remaining profit is used to offer a free POS (point of sale) system to the merchant. Not to mention, provide and maintain all of the dual-pricing software used as well. Also, it covers the payment gateway, ongoing tech support and more.

This way, the burden of covering the cost of payment processing is removed from the business itself. The business simply enjoys a free point of sale system, free merchant svc payment processing and free ongoing support.

Simply submit your merchant services request to get the ball rolling. You’ll be put in touch with a dedicated merchant svc agent. They will work with you on deciding which POS system is best for your business. They will be your point of contact and also help facilitate the entire process at no charge.

That’s right. You business literally pays NOTHING throughout the entire process of switching to us for your merchant svc needs.