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Copyright © 2007 Provision, Inc All Rights Reserved

 

   

Credit Card Processing Rates for a Wireless Credit Card Terminal

The credit card processing rates quoted here are applicable to a merchant that that accepts credit cards from customers using a wireless credit card terminal.  A high percentage of the credit card transactions are created by swiping the customer's credit or debit card through the credit card terminal.  The rates on this page are available to businesses that make application for a merchant account through this website only. These rates meet the rate qualifications to receive the "FREE for Use" wireless equipment package 5 or package 5. There are additional requirements for the "FREE for Use" thermal printer that is included in package 4.
   
Rate Description Rate
   
Qualified or Card Present  1.80%
Mid-Qualified * 2.66%
Non-Qualified  or Card Not Present * 3.06%
  
The following are on-time and ongoing fees that can be incurred by a wireless merchant account:
         
Fee Description Fee
   
Credit Card Transaction fee $ 0.19
Debit Card Transaction fee *** $ 0.19
Address Verification fee $ 0.10
Batch Header fee $ 0.25
Monthly Minimum Discount fee $ 25.00
Monthly Statement fee $ 5.00
Monthly Wireless Access fee $ 25.00
Monthly Debit Gateway Access fee *** $ 10.00
   
Wireless One-Time Activation fee $ 50.00
Wireless Per Transaction fee ** $ 0.10
      
* Credit card transactions are escalated to Mid and Non-Qualified levels when the transaction fails certain security tests, like the address verification test, or the credit card account number is entered manually.
** This Wireless Per Transaction fee for the Wireless Network is added to the Credit Card Transaction fee above.
*** Does not include debit network fees which are controlled by the debit card networks.
     

All merchant accounts are referred to and processing services are provided by North American Bancard, a registered ISO/MSP of HSBC Bank USA, National Association, Buffalo, NY.