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canebay
(@canebay)
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Joined: 11 years ago
Posts: 9
October 20, 2010 2:15 pm  

Does anyone have any good advice about merchant credit card processing on STX? Visa MC has been as much as 3% ....there has got to be a better way! All advice is appreciated.


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Ericw
(@Ericw)
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Joined: 10 years ago
Posts: 277
October 20, 2010 2:26 pm  

Do you have an ipod or ipad? you can use the square software, and they send you a free card reader too. It captures signatures and sends receipts electronically. Really neat software. I don't know what kind a fee they charge, but something to look into depending on your business size.


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Hiya!
(@Hiya!)
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Joined: 13 years ago
Posts: 727
October 20, 2010 2:40 pm  

TX Direct has been the cheapest we have found we pay less then 2 for visa/mc and I believe you can still use the local bank cc machines with it. We have our own swiper that goes with our software. TX Direct 1-888-385-5311. Amex is always going to be high, they just won't play ball. Extremely rare to see disc or diners down here.


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Linda J
(@Linda_J)
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Joined: 16 years ago
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October 20, 2010 2:46 pm  

At the hotel we see Discover once in a while, Diners Club, almost never.


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canebay
(@canebay)
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Joined: 11 years ago
Posts: 9
October 20, 2010 2:51 pm  

Hiya, Have you REALLY checked your TX direct statement? With all the additional fees & dues & assesments... on and on our rate can be higher than 3%, it is this month.


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aussie
(@aussie)
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October 20, 2010 3:07 pm  

Hiya, Have you REALLY checked your TX direct statement? With all the additional fees & dues & assesments... on and on our rate can be higher than 3%, it is this month.

It can be quite a bit higher. If someone gets air miles with their purchases (or any number of similar programs), the merchant pays for those miles by being charged non-qualified rates. There are a lot of hidden fees and not many sales go through at the qualified rate.


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Hiya!
(@Hiya!)
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Posts: 727
October 20, 2010 3:34 pm  

There are many hidden charges and we knew this going in, Joann tried to sign us again and again, but we didn't budge till we got what we wanted. Also we don't use all of their services. No matter who you use they are going to try to weasel in ways to make more, you have to be vigilant when you make the deal and the monthly statement, which I'm sure you know and I'm really not trying to come off preach so sorry if I did.


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canebay
(@canebay)
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Joined: 11 years ago
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October 20, 2010 3:51 pm  

Hiya- Def not coming off as preaching, I appreciate all input:-) I hate hidden charges they burn my tush, I want a flat fee no suprises.


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aussie
(@aussie)
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Posts: 876
October 20, 2010 4:01 pm  

The fees that the credit card processing company charges you are negotiable. The fees originating from Visa, Mastercard etc are non-negotiable - dues and assessments, ECI, CPU, NABU, ACQ support, ACQR processor fees and others. Any number of programs associated with the cards automatically bump the transactions to mid-qual or non-qual.


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tnemig
(@tnemig)
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Joined: 11 years ago
Posts: 34
October 23, 2010 3:55 am  

Do you have an ipod or ipad? you can use the square software, and they send you a free card reader too. It captures signatures and sends receipts electronically. Really neat software. I don't know what kind a fee they charge, but something to look into depending on your business size.

Square charges 2.75% plus 15 cents per swiped transaction and 3.5% plus 15 cents per keyed transaction. There are no other fees/charges for the service. Currently, they are limited to working in the US 50 plus DC. Not too sure where the USVI falls in their "coverage area". Currently, they are on my short list of payment options for when we make the move to STX with the business. It all depends on how they define the USVI for their service.

Tim


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Linda J
(@Linda_J)
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Joined: 16 years ago
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October 23, 2010 6:33 pm  

I fthey are limited to the "50 plus DC" They won't work here.


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Ericw
(@Ericw)
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Joined: 10 years ago
Posts: 277
October 23, 2010 11:53 pm  

How would they know if it's Internet based. You could probably just use a family or friends address stateside to register.


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