No Ceiling Processing

“No Ceiling to Processing” Volume for Only $6 To $39 A Month Flat Fee.

This is an innovative Checkout Fee Product, called: No Ceiling Processing, from a vendor that is revolutionizing the way merchants accept payments in their business. For decades, merchants have taken the full brunt of costs associated with accepting credit card payments from their customers. In Europe, over 60% of merchants do not pay these fees, but in turn pass those costs through to their customers. Now it is possible to pay just $6 to $39 a month for merchant processing fees. Previously, the only institutions able to pass processing card acceptance costs on to customers has been limited to Government Agencies and Education. Now, any merchant type has the option to use no ceiling processing, by charging a different price for cash versus card transactions, and Merchant Broker Direct can provide the technology that enables anyone to make that choice.

Requirements:

Your place of business must be in the U.S., excluding Connecticut as it is currently prohibited.

You must purchase or lease a terminal or mobile swiper from the vendor as the software for this program must be on an approved device unless you process by Virtual Terminal or integrated Ecommerce site.

Merchant must have signage in the business that states: “All posted and advertised prices are already at the Cash Discounted price.” Consumers paying with cash obtain that posted discount.

For transactions where consumers chose to pay with cards, the difference between the cash price and the credit price is used to pay card fees. This is the Non-Cash Price.

Equipment:

There are EMV Compliant solutions available for Retail or Restaurant POS and Stand-Alone Terminals. There is also a Mobile Solution that is currently Non-EMV Compliant. Virtual Terminals and Hosted Payment Pages are also available that require no hardware purchase. Poynt Smart Terminal will be offered as early as March 2017.

Sample Scenario:

Your business processes $50k a month in credit cards and pays $1690 to do so. No Ceiling Processing replaces this $1690 with a flat fee of $6 to $39. The end result is a staggering annual savings of $19860. This allows you to purchase needed equipment, increase advertising and/or SEO, or simply go on a dream vacation with your spouse. All by making the switch to No Ceiling Processing.

FAQ’s:

Am I in compliance with state laws when I choose No Ceiling Processing?

Yes! As long as your business resides anywhere in the U.S. except Connecticut.

Why would I choose Checkout Fee Processing over No Ceiling Processing?

Checkout Fee Processing is for high ticket businesses where credit cards are typically or always used. It is a program that surcharges customers instead of offering a cash discount. Checkout Fee Processing also provides an option to pay by debit card to avoid a surcharge. No Ceiling Processing is meant for businesses that see a fair amount to large amount of debit cards. It allows for a merchant to cover all costs of debit and credit cards in exchange for a $39 monthly fee. However, the only flexibility the customer has is to pay cash.

Can I use my current terminal? I just bought/leased it a year ago.

You cannot use your currently owned or leased equipment. The vendor who created No Ceiling Processing is only certified with the card networks on their brand of terminals and are releasing their software on Poynt Smart Terminal in March 2017. If you already own or lease a Poynt Smart Terminal, the injection keys for the terminal may work with this vendor. If the injection keys are for a different platform, you must acquire another Poynt Smart Terminal. Let us know who your current processing platform is, and we can determine if you can use your current Poynt Smart Terminal.

Do you offer a free terminal with this program?

Unfortunately, the vendor does not invest in accounts to get business like other traditional merchant service vendors. A strong argument can be made for purchasing or leasing equipment with the savings possible with No Ceiling Processing. Return on Investment for purchases are typically 30-90 days.

I like the savings mentioned, but how much will it cost to cancel my current account for traditional merchant services?

Most reputable companies do not have contract terms or cancellation fees for their merchants. If you are not in that situation, most times the fee to break a contract is less than $300. The savings using No Ceiling Processing should be great enough to initially swallow a terminal purchase and a cancellation fee. Leasing a terminal can help soften the initial blow of the cancellation fee.