This past week we had a prospective merchant sign up and tell us that they needed a new merchant services provider. They said that their current rates were so high that they could no longer afford to accept credit cards. We immediately quoted them a rate, they filled out or online application, and 24 hours later they were approved to process transactions through us.
Here is where it gets interesting. In the process of approving them we looked as some of their old merchant services statements and discovered that they were paying about 20% of each transaction to their merchant services provider. To contrast, with us they were paying under 2% – a savings of 18% of their revenues.
At Choice Merchant Services not only do we offer the best merchant services by giving our merchants excellent 24/7 customer service and free merchant equipment and software but we also offer merchant services rates that start at 1.05% per transaction. This saves our customers a lot of money starting the day they start to process with us.
