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TOTAL MERCHANT SERVICES
Total Merchant Services is a processor
of credit cards. Here the processing
happens in one step. They are rated as
good. The monthly prices offered by them
are average. One important thing about
the service is that once the setting up
of account is done within a time period
of 48 hours money can be received from
customers. However start-up costs are a
bit higher although not very high
compared to other services. So for those
who are adamant on a less start up cost
this will not be the best choice for
them.
Getting approval will not be a problem
as far as Total Merchant Services is
considered as their approval rating is
excellent for merchant accounts which
are new. If the merchants accounts
follow the criteria mentioned below the
approval will be hundred percent.
The criteria are as follows
1)
Master Card or Visa volume per-month
should be low than $10, 000
2)
Business type should be acceptable
3)
Service Liability in future should be
lesser than thirty days- The meaning of
this is that customer will be able to
receive the service or product within a
time period of one month of charge of
credit card.
The costs of Total Merchant Services are
very low compared to many others. The
cost is inclusive of the following
1)
Statement Fee-$10.00
2)
Monthly minimum-$25.00
3)
Transaction Fee- $0.20
4)
Chargeback fees- $15.00
5)
The charge back cost is also considered
to be affordable. The rate of discount
offered by them is 2.25%.
The cost of starting up of Total
Merchant services is $245.00. In
comparison with some other services this
is a bit higher as mentioned above so it
is not suitable for those who are
adamant on low start-up cost.
Once an application is received the
processing of it happens within four
days following which within 2 days the
customer can receive money.
They offer the customers the opportunity
to select from Advanced Merchant
Services and Authorize.net for one’s
gateway payment. They also offer four
models of P.O.S terminals for a
customer’s retail business. This is a
good choice.
They offer services of merchant accounts
for almost every type of business. For
business based on net merchant account
plans are offered by them. Using these
plans a customer can work with the site
which already exists.
For business ordered by mail or phone
they have Terminal Solution which is
virtual and a software based on Personal
Computer. These include recurring
billing as well as Check Processing.
To ensure the customer of their money
spent on processing of credit cards,
they have a system in which they offer a
calculator to calculate the cost of
credit card processing. Using this, a
customer can make out whether he is
paying more for processing of credit
cards. Total Services claim of assured
savings on processing of credit cards
with their services.
They offer a twenty-four hour customer
service. |
