PAYware Mobile iPhone Credit Card Processing

The PAYware Mobile iPhone credit card application and reader make payments possible anywhere your iPhone can go. The reader makes every payment a card-present transaction, reducing your merchant account bill significantly. Plus our merchant account for PAYware mobile has the cheapest rates you'll find anywhere.

Information and reviews for iPhone merchant account applications and swipers

If you prefer an iPhone credit card processing application other than PAYware mobile, we will give you a $50 iTunes gift card if you sign up with our merchant account. However, PAYware Mobile is the only application on the market with a credit card reader or swiper.

Why the getting an iPhone credit card swiper is better than a normal application:

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** We have the lowest merchant account rates, guaranteed! **

If you find any lower rates, we'll beat them. But good luck finding lower rates than ours!

iPhone application to accept credit cards

Using a swiper lowers the cost of accepting credit cards by eliminating higher rates from 'Card Not Present' transactions.

iPhone mobile payment processing terminal machine

The reader automatically encrypts credit card data so that your customer's account data is never stored on the iPhone, reducing liability.

Never key-in or write down credit card numbers again. The process is swift and error-proof, making each transaction a breeze. iPhone PAYware merchant account swiper application sleeve

Never key-in or write down credit card numbers again. The process is swift and error-proof, making each transaction a breeze.

iPhone credit card terminal swiper machine

Verifone, the maker of PAYware, is the biggest and most trusted manufacturer of credit card processing machines in the US.

iPhone PAYware credit card processing merchant account

..are awesome. We flaunt them because we know how low they are compared to the competition and we want you to know exactly how much you will be paying.

Mid-Qual and Non-Qual Typically Means Hidden Fees

Part of my job is to review and analyze merchant account statements from various businesses around he country. When ever I see the categories of “mid qual” and “non-qual,” I get a big smile on my face because I know my potential client is being taken advantage of.

Here is how these tiers work to increase the profit of the merchant account provider. Let’s say you have a retail business and your base rate is 1.90% + $.15 for all your card present swiped transactions. Your “mid-qual” rate is 2.75% +$.15. This category is typically for keyed in or card not present transactions and a swiped rewards card. Then you have a “non-qual” rate of 3.25% + $.15. This is for corporate or business cards and transactions that have problems . The chart below shows how lumping fees into these categories or tiers takes money out of your pocket.

Transaction Type Tiers Straight Pass Through
Keyed or Card Not Present 2.75% 2.21%
Swiped Rewards Card 2.75% 2.01%
Keyed In Rewards Card 3.25% 2.26%
Corporate Card 3.25% 2.36%
Visa EIRF 3.25% 2.66%

Can you see that by having categories you would be paying from .54% to .89% more than you need to? That can add up over year. I just finished an analysis yesterday that will end up saving the company $15,593.82 a year! How? By getting rid of the categories.

For more information on straight pass through click here .

So what are the key lessons to be learned from this post?

1. If you have “mid-qual” or “non-qual” categories at least consider changing your merchant account provider by getting a few proposals from their competitors.

2. When shopping for a merchant account pay attention to the base rate but also pay attention to the surcharges that are added to the base rate for transactions like the ones listed above.

If you would like me to analyze your merchant account fill out this form or e-mail me ; I would be happy to review your current account and let you know how much money I can save you each month.

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Posted on August 10th, 2007 by Robb Lejuwaan in Basics, Customer Service, EIRF, Interchange, Merchant Account, Non-Qualified, Qualification, Straight Pass Through , , , , , , , , , , , , , , , , , ,

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