Pin Pads - Accept Debit Cards!
Reduce your fee to 0%
Flat fee of $.65 no matter how large the sale
Save up to 96% on your merchant account fee when you process debit cards with a pin pad!
Did you know that just by connecting a pin pad to the back of your credit card terminal you will pay only $.65 for a $1,000.00 sale? If you had rund this card with out a pin pad at 1.69% + $.25 you would have paid $17.15! $.
65 is the standard fee that a merchant is charged when their client enters their pin number on a pin pad to complete a sale.
Why are debit cards so much less expensive? A debit card is directly linked to the client’s checking account, which guarantees that the funds are available for withdrawal, therefore reducing the risk of taking a bad card. In
addition, only the original card holder will know the PIN for the card therefore reducing the risk of fraud.
It's easy to see why smart retailers love to take payment through debit cards. Because there is no percentage of the sale taken by the credit card company (the discount rate), your transactions are run at an extremely low
For easy calculations, let's assume that you will make 100 debit card sales per month and average $100.00 per sale.
Below is a typical cost analysis: