2012 February | Revolution Blog

Archive for February, 2012

High Risk Merchant Account

Wednesday, February 29th, 2012

Revolution payment systems is a leader in providing high risk merchant accounts to industries that generally have a hard time getting approved.

In the world of merchant services providers, some businesses are considered more high risk than others. This doesn’t mean these businesses can’t obtain merchant accounts or process credit cards, but they may be required to provide additional documentation in order to do so.

If you want to accept credit cards for your business but you’ve had trouble finding a credit card processor that will approve you, Revolution Payment Systems may be able to help.

Some higher risk industries we can approve are:

E-cig

Collection Agency

Multi Level Marketing

Signers with Low Credit

Replicas (watches, purses, etc)

Credit Repair/Restoration

Dating Sites

Non FDA supplements

Loan Mods

Time Share

High Risk Ach

Revolution can work with many other high risk merchant industries as well. Contact our office for more details.

301 790 3450

info@revolution-payments.com

Tags: Accounts, High Risk ACH, High Risk Credit Card Processing, High Risk Merchant, High Risk Merchant Account, high risk merchant account processing, High Risk Merchant Services, highrisk merchant account, highriskmerchantaccount, International Merchant Account, Offshore Merchant Account
Posted in Uncategorized | No Comments »

Why do I need a Level III Merchant Account

Wednesday, February 22nd, 2012

Providing efficiency and cost-savings over paper payments (cash and checks), commercial payment cards are among the fastest growing card segments in recent years. Today, they account for nearly one in every five dollars spent using general-purpose payment cards.

Since business and government payments are three times larger than consumer transactions, there is ample room for future growth. Adoption by government and small business has been especially noteworthy. Adoption among large companies, which account for half of commercial expenditures, has been more modest.

Some of your clients may require level III processing data. Its important to choose a processor who understands level III processing and will provide the tools, technology and education to help your business run better.

Revolution payments specializes in helping merchants qualify for level 3 processing and the technology (3 delta gateway) to support these transactions.

Tags: benefits of level 3 processing, what is a level 3 merchant account, why do I need a level 3 merchant account, why do I need a level III merchant account
Posted in Level 3 processing | No Comments »

Interchange rate qualification guide

Saturday, February 18th, 2012

RETAIL MERCHANTS

Qualification Category	Category Transaction Conditions	Primary Qualifications
Qualified Rate	Visa CPS Retail, Retail Check Card MasterCard Merit III, Convenience Purchase, International Electronic, Service Industries, Petroleum	• Card must be swiped through the terminal • Must close batch daily • Only one authorization is allowed • Authorized transaction amount must match settled/deposit amount
Rewards Qualified Rate	Visa CPS Rewards 1, CPS Rewards 2 T&E MasterCard World MC Merit III, World MC Convenience Purchase, Enhanced Convenience Purchase, Enhanced Merit III	• Same criteria as qualified • Cardholder uses a Traditional Rewards Card or World MasterCard
Partially Qualified Rate	Visa CPS Retail 2 (Developing Markets), CPS Card Not Present, CPS E-commerce Basic, CPS E-commerce Preferred, Retail Key Entered, GSA Large Ticket, Commercial Card Levels II & III, CPS Rewards 2 MasterCard Key Entered, Merit I, Electronic Commerce, Corporate Data Rates II&III, International Corporate Purchasing Data Rate II, Corporate Large Ticket, Corporate Face to Face	• Transaction is hand-keyed with Address Verification (AVS) • Batch was not closed daily, but within 48 hours • More than one authorization is attempted • Transaction is processed on a commercial card with sales tax and customer code included
Non-Qualified Rate	Visa EIRF, Standard, Commercial Electronic & Standard, Signature Electronic & Standard, Infinite Electronic & Standard, Express Payment Services, Commercial Retail, Commercial Not Present, Commercial Business to Business MasterCard Standard, International Standard, Corporate Data Rate I, Corporate T&E Rates I&II, Corporate Standard, International Corporate, International Corporate Purchasing, World MC, Enhanced Merit I	• Transaction is hand-keyed without AVS • Batch was not closed until 72 hours after authorization • Transactions approved via voice authorization and/or force • Commercial card used without sales tax and customer card being entered • Cardholder uses a World Elite, World Business, or World Elite Business Card • Transaction meets qualified criteria, but does not meet the sales tax/customer code requirements • Tax exempt Visa commercial card transactions
Commercial Cards		• Sales tax and customer code (supplied by cardholder) must be entered with transaction
Salon Merchants		• Salon merchants can process tips if they are under SIC code 7230. The limit is 25% on MC, no limit on Visa

RESTAURANT MERCHANTS

Qualification Category	Category Transaction Conditions	Primary Qualifications
Qualified Rate	Visa CPS Restaurant, CPS Small Ticket MasterCard Merit III, Convenience Purchase, International Electronic	• Card must be swiped through the terminal • Must close batch daily • Only one authorization is allowed • Visa Credit allows tip adjustments of 20%; MasterCard does not have a % limit
T & E Rewards Qualified Rate	Visa CPS Rewards 1, CPS Rewards 2 T&E MasterCard World MC Merit III, World MC Convenience Purchase, Enhanced Convenience Purchase, Enhanced Merit III	• Same criteria as qualified • Cardholder uses a Traditional Rewards Card or World MasterCard
Partially Qualified Rate	Visa CPS Retail 2 (Developing Markets), CPS Card Not Present, CPS E-commerce Basic, CPS E-commerce Preferred, Retail Key Entered, GSA Large Ticket, Commercial Card Levels II & III, CPS Rewards 1&2, CPS Rewards 2 T&E MasterCard Key Entered, Merit I, Electronic Commerce, Corporate Data Rates II&III, International Corporate Purchasing Data Rate II, Corporate Large Ticket, Corporate Face to Face	• Transaction is hand-keyed with Address Verification (AVS) • Batch was not closed daily, but within 48 hours • More than one authorization is attempted • Visa Credit tip adjustments greater than 20% are performed
Non-Qualified Rate	Visa EIRF, Standard, Commercial Electronic & Standard, Signature Electronic & Standard, Infinite Electronic & Standard, Express Payment Services MasterCard Standard, International Standard, Corporate Data Rate I, Corporate T&E Rates I&II, Corporate Standard, International Corporate, International Corporate Purchasing, World MC, Enhanced Merit I	• Transaction is hand-keyed without AVS • Batch was not closed until 72 hours after authorization • Transactions approved via voice authorization and/or force • Corporate/Purchasing Card transaction • Cardholder uses a World Elite, World Business, or World Elite Business Card
Corporate/Purchasing Cards		• Commercial Cards will not qualify at restaurant locations due to requirements by Visa and MasterCard

MAIL ORDER/TELEPHONE ORDER & E-COMMERCE

Qualification Category	Category Transaction Conditions	Primary Qualifications
Qualified Rate	Visa CPS Card Not Present, CPS E-commerce Basic, CPS E-commerce Preferred, Commercial Card Levels II & III, CPS Rewards 2 MasterCard Merit I, Electronic Commerce, Corporate Data Rates II & III, International Corporate Purchasing Data Rate II, Corporate Large Ticket, Convenience Purchases, Service Industries	• Must close batch daily • Transaction is hand-keyed with Address Verification (AVS) • Provide invoice number with every transaction • Ship all merchandise within 7 days of purchase
Non-Qualified Rate	Visa EIRF, Standard, Commercial Electronic & Standard, Signature Electronic & Standard, Infinite Electronic & Standard, Express Payment Services, Commercial Retail, Commercial Card Not Present, Commercial Business to Business MasterCard Standard, International Standard, Corporate Data Rate I, Corporate T&E Rates I&II, Corporate Standard, International Corporate, International Corporate Purchasing, World MC, Enhanced Merit I	• Transaction is hand-keyed without AVS • Batch not closed daily • Transactions approved via voice authorization and/or force • Commercial card used without sales tax and customer code being entered • Transaction meets qualified criteria, but does not meet the sales tax/customer code requirements • Tax-exempt Visa commercial card transactions • Cardholder uses a World Elite, World Business, or World Elite Business Card
Commercial Cards		• Sales tax and customer code (supplied by card holder) must be entered with transaction

LODGING MERCHANTS

Qualification Category	Category Transaction Conditions	Primary Qualifications
Qualified Rate	Visa CPS Hotel & Car Rental, CPS Retail MasterCard Merit III, International Electronic	• Card must be swiped through terminal • Increment authorizations allowed • Settled amount must be within 15% of authorization amount • Transaction Date = Check-out Date • Check-in/out dates included • Folio number • Settled within ONE day of check-out (transaction date)
T & E Rewards Qualified Rate	Visa CPS Rewards 1, CPS Rewards 2 T&E MasterCard World MC Merit III, World MC Convenience Purchase, Enhanced Merit III, Enhanced Convenience Purchase	• Same criteria as Qualified • Cardholder uses a traditional rewards card or a World MasterCard
Partially Qualified Rate	Visa CPS Rewards 2 MasterCard Key Entered, Merit I, Electronic Commerce, Corporate Face to Face,	• Transaction is hand-keyed through terminal • Transactions are settled 24-48 hours following Check-out (transaction) date
Non-Qualified Rate	Visa EIRF, Standard, Commercial Electronic & Standard, Signature Electronic & Standard, Infinite Electronic & Standard MasterCard Standard, International Standard, Corporate Data Rate I, Corporate T&E Rates I&II, World MC, Enhanced Merit I	• Check-in/out dates are missing • Folio number is missing • Settled amount is more than 15% of the authorization amount • Settled more than 48 hours following Check-out (transaction) date • Corporate/Purchasing Card accepted • Transaction approved via voice authorization • Cardholder uses a World Elite, World Business, or World Elite Business Card
Corporate/Purchasing Cards		• Commercial Cards will not qualify at lodging establishments due to requirements by Visa and MasterCard

SUPERMARKET MERCHANTS

Qualification Category	Category Transaction Conditions	Primary Qualifications
Supermarket Qualified Rate	Visa Supermarket MasterCard Supermarket	• Merchant is registered in the Visa/MC Supermarket program • Card must be swiped through the terminal • Must close batch daily • Only one authorization is allowed
Qualified Rate	Visa CPS Retail, Retail Check Card MasterCard Merit III, Convenience Purchase, International Electronic	• Merchant is not registered in the Visa/MC Supermarket program • Card must be swiped through the terminal • Must close batch daily • Only one authorization is allowed
Rewards Qualified Rate	Visa CPS Rewards 1, CPS Rewards 2 T&E MasterCard World MC Supermarket, Enhanced Supermarket	• Same criteria as qualified • Cardholder uses a Traditional Rewards Card or World MasterCard
Partially Qualified Rate	Visa CPS Retail 2 (Developing Markets), CPS Card Not Present, CPS E-commerce Basic, CPS E-commerce Preferred, GSA Large Ticket, Commercial Card Levels II & III, CPS Rewards 1, CPS Rewards 2 T&E MasterCard Key Entered, Merit I, Electronic Commerce, Corporate Data Rates I & III, Internation Corporate Purchasing Data Rate II, Corporate Large Ticket, Corporate Face to Face	• Transaction is hand-keyed with Address Verification (AVS) • Batch was not closed daily, but within 48 hours • More than one authorization is attempted • Transaction is processed on a commercial card with sales tax and customer code included • Cardholder uses a Traditional Rewards or a World MasterCard
Non-Qualified Rate	Visa EIRF, Standard, Commercial Electronic & Standard, Signature Electronic & Standard, Infinite Electronic & Standard, Commercial Retail, Commercial Card Not Present, Commercial Business to Business MasterCard Standard, International Standard, Corporate Data Rate I, Corporate T&E Rates I&II, Corporate Standard, International Corporate, International Corporate Purchasing, World MC, Enhanced Merit I	• Transaction is hand-keyed without AVS • Batch was not closed until 72 hours after authorization • Transactions approved via voice authorization and/or force • Commercial card used without sales tax and customer card being entered • Cardholder uses a World Elite, World Business, or World Elite Business Card • Transaction meets qualified criteria, but does not meet the sales tax/customer code requirements • Tax exempt Visa commercial card transactions
Commercial Cards		• Sales tax and customer code (supplied by cardholder) must be entered with transaction

QUALIFICATION CATEGORY DEFINITIONS

Qualified Rate

Transactions that meet all of the requirements for the merchant’s industry. Merchants will pay the lowest or best discount rate for qualified transactions.

Rewards Qualified Rate

Qualified transactions where the cardholder pays with a “Rewards” type consumer card.

Partially Qualified Rate

Transactions that meet some, but not all of the specific requirements for the merchant’s industry. Merchants will pay a higher rate for partially qualified transactions.

Non-Qualified Rate
Transactions that do not meet other specific requirements for the merchant’s industry. Merchants will pay a higher rate for non-qualified transactions.

Tags: Rate qualification guide, tiered rates
Posted in Uncategorized | No Comments »

Micro payments merchant account

Saturday, February 18th, 2012

The Payments landscape is rapidly changing with the introduction of “micro-merchants,” those merchants who wouldn’t normally accept credit cards, or believe that merchant service fees are simply too high in a traditional program. These merchants are business owners who have opted for cash and check payments only, and include some who have accepted credit cards in the past (but have stopped). Those merchants would normally process between $5,000.00 and $25,000.00 in annual bankcard volume.

Now, with Revolutions Clear and Simple program, you can compete for those micro-merchants who normally wouldn’t accept bankcards due to their perceived high cost. With low monthly fees, standardized transaction rates, no closure fees, and free access to the Virtual Merchant gateway or the Virtual Merchant Mobile payments application, the micro-merchant space is yours for the taking.

Advantages to the Clear and Simple program include:

 One monthly fee of $10.00, which includes the Statement Fee, Customer Service Fee, SRS Reporting Fee, and Compliance Fee.

 FREE access to the Virtual Merchant gateway or the Virtual Merchant Mobile payments application.

 Lowered streamlined transaction fees: 2.75% + $0.29 per transaction fee (swiped), and 3.50% + $0.29 per transaction fee (MO/TO & e-commerce).

 No Early Termination Fees.

 Access to Next-Day Funding, Electronic Check Service, Electronic Gift Cards, Dynamic Currency Conversion, and Multi-Currency.

 Access to Elavon’s world-class Customer Service support.

 PCI compliant merchants may receive up to $100,000 financial coverage and have full access to the Trustwave website.

 Promotional Pricing: Through June 30th, 2012, all transactions will be priced at 2.75% + $0.29 per item: this includes swiped, key-entered, and e-commerce transactions.

Clear and Simple can be used in a myriad of ways: for merchants whose main objection is an Early Termination Fee / contract, or for merchants who feel monthly fees are just too expensive. While Clear and Simple may be an option for existing merchants in your portfolio, it can truly open up your office to access business people who traditionally have not accepted credit cards: the merchant who sells items at a trade show or festival 1-2 times per month, the aspiring entrepreneur who is selling items at a flea market and wants to accept credit cards, or the mobile healthcare professional who wants to accept electronic payments.

Also, Clear and Simple is not designed just for merchants needing a mobile payment application. The Clear and Simple program can be utilized for merchants using anything from a free-standing terminal to a Level III solution (cost for equipment and other gateway fees are not inclusive in the $10.00 monthly fee).

Tags: Elavon clear and simple program, low volume merchant account, micro merchant account, Micro payments
Posted in micro payments | No Comments »

How to process ACH through Magento

Friday, February 17th, 2012

Revolution Payment Systems makes it easy to process ACH transactions and credit card transactions through magento. After downloading and deploying your new online store, simply install the payment module plugins quickly and easily to enable your customers to pay with either a check or a credit card during checkout. Expand your online sales and audience by offering ACH as an alternative payment method and reduce your merchant fees at the same time. Just like any of the other payment sources provided by Revolution payment systems shopping cart sales are managed in one place with unified reporting for both ACH and credit cards.

Tags: ach magento account, how to process ach transactions through magento, magento ach, magento ach processor
Posted in Magento | No Comments »

Merchant Cash Advance Lenders

Wednesday, February 15th, 2012

BUSINESS CASH ADVANCE -
BETTER THAN A BUSINESS LOAN

Business Cash Advances are Your Best Alternative to Small Business Loans or Unsecured Business Loans.

Qualifying for a small business loan in today’s economy is difficult, but a business cash advance can be an easy alternative. A typical business loan involves many hurdles for a small business owner, including excessive paperwork, a lengthy approval process, low approval rates, collateral and personal guarantees for security, fixed monthly payments, and restrictions related to use of funds.

By comparison, our merchant cash advance offers a streamlined process that provides a simple one page application and immediate access to unsecured funding from $2,500-$600,000. You will further benefit from high approval rates, minimal credit requirements, and a flexible repayment process that is directly tied to your business’ sales volume. All of these features provide you with immediate access to working capital funds that you can use for any business purpose.

Use the business cash advance for any business purpose, including:

Purchase Inventory/Seasonal Merchandise
Remodel
Purchase/Repair Equipment

Pay off Debt/Taxes
Expansion
Emergency Funding

Over 85% of our eligible merchants renew.

Questions? call 888 790 3450 or email

info@revolution-payments.com

Tags: business cash advance, cash advance companies, cash advance leads, merchant account cash advance, merchant cash, merchant cash advance, merchant cash advance providers, merchant factoring, merchant loans
Posted in Cash Advance | No Comments »

Process Credit Cards Through Magento

Wednesday, February 15th, 2012

Process ACH/Checks and Credit Cards Through Magento with a Revolution Payment Systems merchant account.

Expand your online sales and audience by offering ACH as an alternative payment method and reduce your merchant fees at the same time. Your shopping cart sales are managed in one place with unified reporting for both credit cards and ACH.

Additional Benefits

Next day funding option
Free online reporting
Low processing eCommerce rates

Highlighted System Features of the Gateway

· Process ACH and Credit Cards in one system through magento

· Viewable invoices. Now your customers can pay for their invoice or other receivables bill without having to speak with a live representative.

· Online Terminal can be accessed securely from any computer with Internet access Internet-based, no software to install or updates to download

· Unlimited terminal user accounts

· Process payments over the phone in a call center

· Datacenters are PCI Compliant and SAS70 Level 2 Compliant

· Mobile processing supported for both ACH and Credit Cards on any iPhone, iPad, Android, or Kindle

· Turn key payment portals for merchants to quickly and easily accept payments online at their website

· API integration for custom implementations for processing payments seamlessly and programmatically

· Hosted and Customized Interactive Voice Response (IVR) payments services to allow merchants to accept payments through automation and any touch tone telephone.

· Online shopping cart integration for both ACH and Credit Cards.

· Real time check verification services

· Return check collection and auto check re-presentment

· Regardless of payment sources, all transactions are managed in one place with unified reporting

· Point of Sale, swiped credit card transactions are supported with a standard USB credit card reader

· Real time access to payments data

· Automatic Recurring Billing Scheduling for both ACH and Credit Cards

· Transaction Tokenization is supported to allow integration merchants to process subsequent transactions without having to store bank account or credit card data

· Developer resources, example code, and software plug-ins for quick and easy access for software vendors

· Transaction batch file uploads are supported for both ACH and Credit Cards

· Customizable data downloads/exports

Revolutions network is ranked #1 by MasterCard for speed and reliability

Questions? Call 888 790 3450 or email info@revolution-payments.com

Tags: commerce, e-commerce, ecommerce platform, ecommerce software, framework, online business, open source ecommerce, software
Posted in Magento | No Comments »

Check Guarantee

Tuesday, February 14th, 2012

A check guarantee service can be a simple and economical way to increase revenue at your place of business. With a guarantee service in place, checks are approved at the point of sale in seconds via terminal, phone or Internet before being deposited at the bank. If an approved check is returned from the bank unpaid, it can be submitted to revolution for processing and reimbursement.

With Revolution Payments Standard Guarantee service you’ll receive these benefits:

Approval of out-of-town, out-of-state, even checks from Canada and US territories
Simple claim submittal. Just mail the returned check to us in a claims processing envelope
24/7 Customer Service for account questions, technical support, set-up and training at no additional charge
Premium programs for the protection you need and want

Tags: ach, ATM, automatic clearing house, CCD, check representment, credit, debit, EFT, electronic payments, GACHA, IAT, nacha, payment, payroll, POS, PPD, processor
Posted in Check Guarantee | No Comments »

ACH Processing

Tuesday, February 14th, 2012

ACH Processing: Revolution Payment System ACH programs allows you to process ACH,, Recurring Payments, IVR, check representments, credit cards and other forms of payments in one customized portal.

If you need the ability to accept payments via your site revolution will provide a free payment portal for your business

Revolution also handles high Risk ACH

Additional highlights

Highlighted System Features

· Process ACH and Credit Cards in one system

· Viewable invoices. Now your customers can pay for their invoice or other receivables bill without having to speak with a live representative.

· Online Terminal can be accessed securely from any computer with Internet access Internet-based, no software to install or updates to download

· Unlimited terminal user accounts

· Process payments over the phone in a call center

· Datacenters are PCI Compliant and SAS70 Level 2 Compliant

· Mobile processing supported for both ACH and Credit Cards on any iPhone, iPad, Android, or Kindle

· Turn key payment portals for merchants to quickly and easily accept payments online at their website

· API integration for custom implementations for processing payments seamlessly and programmatically

· Hosted and Customized Interactive Voice Response (IVR) payments services to allow merchants to accept payments through automation and any touch tone telephone.

· Online shopping cart integration for both ACH and Credit Cards.

· Real time check verification services

· Return check collection and auto check re-presentment

· Regardless of payment sources, all transactions are managed in one place with unified reporting

· Point of Sale, swiped credit card transactions are supported with a standard USB credit card reader

· Real time access to payments data

· Automatic Recurring Billing Scheduling for both ACH and Credit Cards

· Transaction Tokenization is supported to allow integration merchants to process subsequent transactions without having to store bank account or credit card data

· Developer resources, example code, and software plug-ins for quick and easy access for software vendors

· Transaction batch file uploads are supported for both ACH and Credit Cards

· Customizable data downloads/exports

Questions? Call 888 790 3450 or email info@revolution-payments.com

Tags: ach, ATM, automatic clearing house, CCD, check representment, credit, debit, EFT, electronic payments, GACHA, High Risk ACH, IAT, nacha, payment, payroll, POS, PPD, processor
Posted in ACH | No Comments »

Pay At The Pump Merchant Accounts | Petroleum Merchant Services | Gas Station Merchant Account | Petroleum Merchant Account

Thursday, February 9th, 2012

Revolution Payment Systems offers several unique credit and debit card processing solutions to c-stores and gas stations. In the petroleum market, speed, profitability and reliability is what you need to opertate a successful gas station.

You need the ability to process your customer’s credit and debit card payments with fast approval times, reliable service and competitive rates. By accepting all major credit cards, debit cards and fuel cards such as Voyager, Wright Express and Fleet One, your business will meet the needs of your customer base.

Revolution Payments can provide an impressive petroleum program with full pay-at-pump functionality, high-speed processing and advanced security for any gas station or convenience store

We can support, Gilbarco, Verifone, Husky, Wayne and many others.

Revolution has access to all processing platforms. TSYS, Paymentech, First Data, Buypass

Tags: Gas Station Merchant Account, Pay At The Pump Merchant Accounts, Petroleum Merchant Account, Petroleum Merchant Services
Posted in pay at the pump | No Comments »

Revolution Payment Systems

Archive for February, 2012

High Risk Merchant Account

Why do I need a Level III Merchant Account

Interchange rate qualification guide

Micro payments merchant account

How to process ACH through Magento

Merchant Cash Advance Lenders

Process Credit Cards Through Magento

Check Guarantee

ACH Processing

Pay At The Pump Merchant Accounts | Petroleum Merchant Services | Gas Station Merchant Account | Petroleum Merchant Account

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May 15, 2012

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