Terms You Need To Know






 There are many factors that go into setting the rate your business

 pays for credit card transactions, normally on a per transaction basis.

 Factors we consider to list a few are, your industry type, type of products

 you sell, the average ticket size of a transaction, bus type such as

 retail, mail order, restaurant, medical office, government entity.

 The illustration below will give you an idea of what the average

 retail merchant account setup looks like and inform you of the

 terms and factors you'll need to know before opening a merchant account.












Terms Associated With A Merchant Account:




 Your discount rate:  =  The rate the processor charges you per transaction


The interchange rate:  =  The amount of combined transaction fees from card companies


Monthly minimum:  =  The minimum monthly processing fee charged by the processor


Monthly statement fee:  =  A monthly fee charged by the processor


Equipment fee:  =  The amount of the monthly equipment lease payment





 




Average Retail Setup:




 

 Discount rate: .................................>  1.70% Of each transaction


 Interchange rate: ............................>  $0.25 Per transaction


 Monthly minimum: ........................>  $25.00 Per month

  (This Fee Is Off-Set By Your Monthly Volume >See Note Below)


 Statement fee: .................................>  $12.00 Per month


 Equipment lease payment: ............>  $49.99 Per month





 Note:


 The monthly minimum fee (MMF) is offset by your monthly sales transaction volume.
 If your MMF is $25.00 and you had no transactions this month, then you'll be charged
 $25.00 to have an open merchant account.


 If you take the $25.00 MMF and divide it by your discount rate of 1.70% this = $1,470.59.

 If you have a sales volume less than $1,470.59, then all you'll be charged is $25.00.
 The discount rate only comes in to play after you've reach $1,470.59 in sales volume for the month.
 You will not be charged the MMF and the discount fee.






                                           


 Example Transaction:






Sale amount..................................... > $100.00

Discount rate of.......... > 1.70%...... > $    1.70

Interchange rate of..... > $0.25........ > $      .25

                                                                                                               ________________________

Total transaction cost...................... > $     1.95

 ($100.00 X 1.70% = $1.70 + $0.25 = $1.95)

 ($100.00 - $1.95 = $98.05)                                                             

                                                          ____________


       YOUR TOTAL DEPOSIT....... > $   98.05




















                                                                                                                                             

    For Assistance Please Call Us....


(478) 785-6494  (OR)  (888) 518-4689

Email: sales@brockmanagency.com






 



We Look Forward To Serving Your Processing Needs....