Processing Companies?

[Hillbilly]

I'm in a need for a new processing company. I'm not interested in square or companies like that. I need a regular processing company. Anyone have any recommendations?

 

[gillumhouse]

Avoid First Data.

 

[Generic]

If you have a cost membership, they have a deal that's pretty hard to beat.

 

[Morticia]

I won't try to sway you, but we are moving away from traditional processing. Our processor just instituted a new $20/month fee for pci compliance. And, an additional $7.50/month fee for chargeback insurance.
And, they charge us $5/month to accept debit cards.
And, there's a minimum fee of $15/month.
And a fee to access our account online.
So, even if I never processed a charge, I would still have to pay $47.50/month just to have the terminal sitting on my desk. That's highway robbery. The company is van tiv.
I did do the calculations again this summer. Up until these new charges it was not cost effective to have square or stripe. But, now it is. Even if I had hand entered all of our transactions in July, using square, it would have saved me $200 over what it cost me to use the traditional processor.
They tell you your base rate is 1.9% but no one has a base rate card any more. Our average processing was 4.15% this year with all the extra fees.
Ok, off my soapbox!

 

[Generic]

I won't try to sway you, but we are moving away from traditional processing. Our processor just instituted a new $20/month fee for pci compliance. And, an additional $7.50/month fee for chargeback insurance.
And, they charge us $5/month to accept debit cards.
And, there's a minimum fee of $15/month.
And a fee to access our account online.
So, even if I never processed a charge, I would still have to pay $47.50/month just to have the terminal sitting on my desk. That's highway robbery. The company is van tiv.
I did do the calculations again this summer. Up until these new charges it was not cost effective to have square or stripe. But, now it is. Even if I had hand entered all of our transactions in July, using square, it would have saved me $200 over what it cost me to use the traditional processor.
They tell you your base rate is 1.9% but no one has a base rate card any more. Our average processing was 4.15% this year with all the extra fees.
Ok, off my soapbox!.

That's why I use the deal from the Cost warehouse, it dumps most of those fees. And there is no contract other than month-to-month.

And most of those fees are entirely negotiable today. The PCI compliance fee is FAKE entirely, there is no PCI compliance needed on a C&P machine. And what the hell is chargeback insurance? Are the going to cover all your chargebacks? Or is it just another fee to not charge a fee to process a chargeback?
Amex tried this nonsense with us at one time. We called to cancel. They drop every single fee.

 

[Northern Dreamer]

Avoid First Data..

Agreed! We are just coming to the end of our first year and used First Data...Hated them from the first statement!
We are looking to change before next year! Too convoluted, reports make no sense and if you have to ask a question or need and explanation - Look out! - round and round you go!

 

[gillumhouse]

Avoid First Data..

Agreed! We are just coming to the end of our first year and used First Data...Hated them from the first statement!
We are looking to change before next year! Too convoluted, reports make no sense and if you have to ask a question or need and explanation - Look out! - round and round you go!
.

When I left them several yers ago now, they were charging me $21.90 for NO transactions. So mny cards were non-qual (third party such as Seirra Club Master Card or like mine A T & T but actually Citi now) that were hirer % and an intervention fee even though it was as seamless as any other card. The % fee on cards was something you could not verify to see if you were being cheated. With Square, I can do the math to see it is spot on.

 

[Morticia]

Avoid First Data..

Agreed! We are just coming to the end of our first year and used First Data...Hated them from the first statement!
We are looking to change before next year! Too convoluted, reports make no sense and if you have to ask a question or need and explanation - Look out! - round and round you go!
.

When I left them several yers ago now, they were charging me $21.90 for NO transactions. So mny cards were non-qual (third party such as Seirra Club Master Card or like mine A T & T but actually Citi now) that were hirer % and an intervention fee even though it was as seamless as any other card. The % fee on cards was something you could not verify to see if you were being cheated. With Square, I can do the math to see it is spot on.
.

I have noticed with square they round up and down so sometimes the fee is a little higher and sometimes a little lower than the math calculates it to be.

 

[Highlands John]

Avoid First Data..

Been with First data for a few years now, don't have a problem with them. They're a bit annoying the way they cancel your online account if you've not been logged on for a while, as I only log on a couple of times a year when I'm doing my accounts it keeps happening. Makes no sense since I'm still processing through their machine. Other than that, fine.

 

[OnTheShore]

Avoid First Data..

Agreed! We are just coming to the end of our first year and used First Data...Hated them from the first statement!
We are looking to change before next year! Too convoluted, reports make no sense and if you have to ask a question or need and explanation - Look out! - round and round you go!
.

When I left them several yers ago now, they were charging me $21.90 for NO transactions. So mny cards were non-qual (third party such as Seirra Club Master Card or like mine A T & T but actually Citi now) that were hirer % and an intervention fee even though it was as seamless as any other card. The % fee on cards was something you could not verify to see if you were being cheated. With Square, I can do the math to see it is spot on.
.

I have noticed with square they round up and down so sometimes the fee is a little higher and sometimes a little lower than the math calculates it to be.
.

I have not ever noticed that with Square -- they always carry out their calculations to the penny.
But AirBnB, they used to round their fee to the nearest whole dollar; they've stopped doing that and now carry out their calculations to the penny as well.

 

[JimBoone]

Presently using Wells-Fargo and Authorize (through them) for online booking, lower cost and better service than our prior processor, I like the local contact.

 

[Tom]

Avoid First Data..

We use First Data through Cayan; works OK. Pretty good customer service from a call center in Ireland.

 

[Morticia]

Latest bill from regular processor has a $169 'yearly membership fee'. It's over with them.
And these fees are taken right out of our checking account. Not like we can get that money back.

 

[Generic]

Latest bill from regular processor has a $169 'yearly membership fee'. It's over with them.
And these fees are taken right out of our checking account. Not like we can get that money back..

Try Elavon, Moneris or Helcim and see what they offer. You can always use one of the kid's memberships for the Elavon Executive Cost Warehouse deal.

 

[Momma Smurf]

If you have a cost membership, they have a deal that's pretty hard to beat..

Totally agree with Costcoo, we run 2.5 -2.6% Swiped or Keyed which includes AX. No no no no extra fees. Has saved us $Ks annually.

 

[Morticia]

Latest bill from regular processor has a $169 'yearly membership fee'. It's over with them.
And these fees are taken right out of our checking account. Not like we can get that money back..

Try Elavon, Moneris or Helcim and see what they offer. You can always use one of the kid's memberships for the Elavon Executive Cost Warehouse deal.
.

We got our own membership last time Gomez was in VT.

 

[Generic]

Latest bill from regular processor has a $169 'yearly membership fee'. It's over with them.
And these fees are taken right out of our checking account. Not like we can get that money back..

Try Elavon, Moneris or Helcim and see what they offer. You can always use one of the kid's memberships for the Elavon Executive Cost Warehouse deal.
.

We got our own membership last time Gomez was in VT.
.

Regular or exec? The best deal is exec. 844-236-5376 to get rates.

 

[Momma Smurf]

Latest bill from regular processor has a $169 'yearly membership fee'. It's over with them.
And these fees are taken right out of our checking account. Not like we can get that money back..

Same folks that Gomez felt loyal to, when I was trying to persuade you to jump to Cotco? Bahh....

 

[Morticia]

Latest bill from regular processor has a $169 'yearly membership fee'. It's over with them.
And these fees are taken right out of our checking account. Not like we can get that money back..

Same folks that Gomez felt loyal to, when I was trying to persuade you to jump to Cotco? Bahh....
.

Same folks that Gomez felt loyal to, when I was trying to persuade you to jump to Cotco? Bahh....

Yes. So he's the one who has to call them to get all those extra charges removed.

 

[Momma Smurf]

Latest bill from regular processor has a $169 'yearly membership fee'. It's over with them.
And these fees are taken right out of our checking account. Not like we can get that money back..

Same folks that Gomez felt loyal to, when I was trying to persuade you to jump to Cotco? Bahh....
.

Same folks that Gomez felt loyal to, when I was trying to persuade you to jump to Cotco? Bahh....

Yes. So he's the one who has to call them to get all those extra charges removed.
.

Yup. badd...