What Are the Average Fees for Processing Credit Cards?P A G E 1

‘How I Found the Best Merchant Services Provider’- A Business Owner’s StoryP A G E 3

Know Your Options: Credit Card Processing MachinesP A G E 4

Why Sales Executives Flock to MerchantPro ExpressP A G E 5

Merchant ForumSummer 2019Maximize Revenues and Relationships Through Merchant Services

I N T H I S I S S U E

S U B S C R I B E T O I N D U S T R Y N E W S A N D U P D A T E S For more information on topics in this newsletter, visit news.merchantproexpress.com

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Accepting credit card payments is necessary for any business, but comes at an expense. Merchants are charged various credit card processing fees, and given the tremendous volume of card transactions the average business tallies these days, they can add up.

“What are the average fees for processing credit cards?” is therefore a common question among merchants. The full answer encompasses more than simply a range of numbers, however—and some credit card processing companies are reluctant to share.

MerchantPro Express (MPX), on the other hand, educates business owners on what goes into their total costs, so they can make the best decisions for their bottom lines.

So, what are the average fees for processing credit cards?

As we’ve said above, it’s difficult to calculate an average that’s applicable to a majority of small businesses in the United States. That’s because every business is different and it’s not simply one payment decided on and paid to a single entity.

The percentage is actually the sum of fees charged by different entities involved in the payment process, including:

Interchange Fee Charged by Credit Card IssuerAssessment Fee Charged by Credit Card Network Fees Charged by Processor for Their Services

What Are the Average Fees for Processing Credit Cards?Small business credit card processing fees vary greatly and depend on a variety of unique factors, such as the size of the business, the number of transactions, accepted card types and more.

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C O N T I N U E D O N N E X T P A G E

MerchantPro Express can help you find the device right for you.Choosing a mobile credit card reader is a great way to expand the reach of your business, enabling you to collect payments wherever you do business. The payment processing experts at MerchantPro Express can help you find the device right for you. Learn more about our Mobile Processing or Contact Us, today!

C O N T I N U E D F R O M P A G E 1

MerchantPro Express 1305 Walt Whitman Road, Melville, NY 11747 1.888.333.1374 www.news.merchantproexpress.com

Merchant Forum

2

There are several factors considered when your credit card processor determines this, including:

Size of BusinessAmount of Card TransactionsAverage Transaction Value Location of Transaction (in person vs. remotely)Credit Card Types Accepted

In other words, there is no one-size-fits-all approach to credit card processing fees.

MerchantPro Express, for example, carefully analyzes a business, and frequently secures rates below the national average. That’s why merchants should do their homework on which credit card processors create the most individualized solutions for their clients, so you can be sure the rates you’re paying are those most appropriate for your business and a service necessary for your growth isn’t hindering that growth.

In addition to the standard determining factors of your business’s credit card processing fees, there are often additional fees that will be leveraged by your merchant services provider affecting what you pay at the end of the month, too. Some providers will try to hide these additional fees or raise them slowly over time, so make sure you are carefully examining your monthly merchant statements or inquiring with your provider to find out exactly what you’re paying, and why.

MerchantPro Express does not charge any unnecessary fees, and never raises rates.

The credit card processing professionals at MPX will analyze your business and craft a solution that saves you money and helps your business grow. Contact Us to request a quote today.

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MerchantPro Express 1305 Walt Whitman Road, Melville, NY 11747 1.888.333.1374 www.news.merchantproexpress.com

Merchant Forum

3

MerchantPro Express has been providing first-rate merchant services to thousands of businesses across the country for more than 10 years. But at MPX, our clients are more than just numbers in our system or sales in our spreadsheets. We are committed to providing them with individualized attention so that we can help each business in a truly unique way. One such individual, whose story we’d like to share, is Ashley Lyons, owner of Old Soul Vintage Jewelry.Ashley launched her business five years ago, selling handmade jewelry repurposed from vintage, designer buttons and charms. She, like many other business owners, decided to expand into an online shop to expose her fashionable offerings to a global market. To do this, she needed a merchant services company to process those online payments.

Ashley first went to a competitor of MPX, and soon discovered it non-communicative and severely lacking in transparency.“I felt like I was kept in the dark on a lot of the fees I was paying and wasn’t able to get any answers,” she remarks, thinking of all the time she spent scouring over statements trying to figure out why her payments were so high. “Sometimes,” she added, “I didn’t even get a statement at all.”

After months of feeling like she was being taken advantage of by a company that didn’t seem to care about her or her growing business once she signed the agreement, Ashley decided it was time to look into better options.

Ashley connected with MerchantPro Express, and will never look back.“It was honestly like night and day,” Ashley explains, detailing the seismic differences in how she was treated after moving to MPX. “The transition was very smooth and my account representative, Dave Keen, was extremely helpful. He made me feel comfortable and didn’t make me feel pressured to rush into an agreement. And once I did decide to make the switch, the transition was easy.”

Now, with MPX’s promise never to raise rates or charge hidden fees, there’s no more mystery every month. Ashley knows exactly what to expect.

“And if I do have any questions, I can just call them and know I’ll get an answer right away,” she continues.

Switching to MPX for her merchant services didn’t just improve her customer service experience, though. It was also the right choice for her bottom line.

“MPX was able to bring my fee down more than 40% from what I was paying on every card transaction with [my previous provider],” she proclaims.Such extraordinary savings could not have come at a better time, either.

“My sales have been growing exponentially in 2019, and the savings on my statement every month really add up,” she shares. “I was even able to hire two new assistants!”

As her business continues to grow, Ashley Lyons now has the confidence she and her merchant services provider are working together, and pulling in the same direction—toward success.

MerchantPro Express is proud to have Ashley Lyons and Old Soul Vintage Jewelry as a client, and looks forward to providing exceptional merchant services to her for many years to come. To find out how MPX can help your business, Contact Us today.

‘How I Found the Best Merchant Services Provider’- A Business Owner’s StoryAshley Lyons, owner of Old Soul Vintage Jewelry, shares frustrations about her previous merchant services provider and raves about MerchantPro Express.

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MerchantPro Express 1305 Walt Whitman Road, Melville, NY 11747 1.888.333.1374 www.news.merchantproexpress.com

Merchant Forum

4

Credit card processing machines generally fall into three categories: smartphone and tablet attachments, POS systems, and terminals.

More and more consumers are making purchases with credit and debit cards. Thus, accepting these at your business is quickly becoming a necessity. This requires the proper equipment, however. Credit card processing machines provide a wide range of capabilities, with many varieties to choose from.

There are dozens of brands and models out there, all generally falling within three major categories:

Smartphone & Tablet AttachmentsOne way for businesses to acquire a credit card processing machine is to sign up with a service that enables their smart devices to swipe or scan cards via a small attachment accessory. These are typically less-favorable among businesses processing a large number of transactions or requiring a higher level of customer service, though.

More comprehensive support and opportunities for additional merchant services become available when business owners open a merchant account. Learn more about opening a merchant account here.

Point of Sale (POS) SystemsPOS systems are more robust machines, mostly meant to be stationary on a countertop. What POS systems lack in mobility, however, they make up for in their versatility when it comes to additional functions.

Most POS systems are compatible with other useful components, such as receipt printers and cash drawers. POS systems can also run a wide variety of applications, including inventory tools, employee management systems, and more.

The Clover® Station by credit card processing platform Firserv (formerly First Data) is among the best POS systems on the market. Its large display and easy-to-use, customizable features make it a favorite among experienced merchants.

Terminals

Terminals offer greater portability, giving businesses the flexibility to go to their customers instead of their customers having to come to them. While the small, lightweight designs are perfect around a store or for use at a more

mobile business, such as a farmer’s market, they tend to be a bit simpler in their functionality.

The Clover® Flex terminal and Fiserv’s FD130, FD220 and FD410 models are popular solutions for businesses on the go.

A business can utilize several different types, simultaneously.

Many merchants, for instance, will make use of a POS system accompanied by handheld terminals, enjoying the flexibility and benefits of each. Devices by Clover®, for example, are compatible with each other, so multiple devices, whether POS systems or terminals, can sync to form one, connected system that communicates in real time.

Given how important an efficient checkout process is to a business, the choices of devices can be intimidating. It doesn’t have to be, though.

Contact MPX today to get advice on finding the perfect machines to process your credit card transaction.

Join MerchantPro Express as a Referral Partner or Part-Time Employee

Download the One-Sheet:info.merchantproexpress.com/referral-partner

• Find out how MerchantPro Express saves our clients money

• Learn what Referral Partners or Part-Time Employees do

• See how commissions are paid with an example commission breakdown

Know Your Options: Credit Card Processing Machines

MPX is seeking Referral Partners and Part-Time Employees who are interested in a no-pressure, work-from-home position that allows them the opportunity to save friends, family, and personal contacts money while receiving monthly commission for doing so.

MPX typically provides savings of 25% – 50% on their customer’s credit card processing expense and is able to provide savings anywhere from $1,000 - $100,000 annually depending on the size of the business and the industry type.

With MPX, you can earn an income while helping contacts in your personal network save money on these expenses!

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MerchantPro Express 1305 Walt Whitman Road, Melville, NY 11747 1.888.333.1374 www.news.merchantproexpress.com

Merchant Forum

5

MPX’s superior services, streamlined sales process, support and compensation are just several reasons why sales agents across the country join the team.

Throughout the past decade, MerchantPro Express (MPX) has made a name for itself as one of the fastest-growing ISOs (Independent Sales Organizations) in the industry, with hundreds of sales agents serving more than 10,000 clients across the United States. This exponential growth isn’t just a result of the exceptional merchant services MPX provides to its clients, though. It was made possible through building a team of talented sales agents advocating the value of those services to business owners.

How has MPX been able to attract such an exceptional team?Since its inception, MPX has been dedicated to creating an environment in which its sales agents can feel empowered to grow and succeed, both for the good of their own careers and the good of the company. That’s been achieved by differentiating the company from its competition in a number of key ways—attracting the best merchant services sales agents from larger banks to MerchantPro Express.

1 A product to believe in.The most successful sales agents are those who are confident in the product or service they’re promoting.

With a wide variety of payment solutions that can save businesses as much as 50% on credit card processing costs, all reinforced by an outstanding support team, MPX makes it easy to get in front of a prospect with the confidence that switching merchant services providers is the right decision for their business.

2 An unmatched level of support.At MPX, merchant services sales agents are given access to a robust library of materials and other resources. From informative flyers and brochures to sales presentations and more, MPX sales agents possess the tools required to communicate the company’s value, and can even personalize these materials with their contact information.

MPX’s level of support goes beyond marketing materials, though. Sales agents also have access to a team of experienced credit card processing and customer support professionals standing by, dedicated to the success of the sales agents and their clients.

“MPX has been a breath of fresh air for myself and my team,” says MPX Senior Vice President of Sales David Keen. “The support we have internally is truly incredible. The staff truly cares about doing the right thing for the client.”

3 A streamlined and effective sales process.Such support is so critical to MPX agents’ success it deserves its own spot on this list.

The process involves several steps carefully crafted throughout MPX’s history to optimize finding the best prospects, obtaining the right information, formulating an individualized solution, and presenting the deal to the merchant.

4 Competitive and reliable compenation.MerchantPro Express encourages the most talented professionals to join its team by providing competitive rates and benefits.

MPX can offer experienced merchant services sales agents:

The most competitive Schedule A in the merchant services industryTrue residual ownership for the life of the accountCommission paid on the last business day of every month

The transparency with which MPX explains their compensation and benefits is another reason why so many sales agents have joined the team, including Stephanie Castellanos who says, “the best move I’ve ever made was leaving corporate and becoming an agent at MPX over 2 years ago,” and that “MerchantPro Express is a very honest company and a great place to work!”

5 Independence.MerchantPro Express believes that sales agents perform best when they have the flexibility to conduct their business with a level of freedom. That’s why MPX is happy to employ hundreds of sales agents around the country, who enjoy the ability to work from home, retain control over their own salary, and manage their own clients.

“MPX allows us to have 100% control of our accounts, which allows us to price in confidence that nothing will change from the contract that was signed with the customer,” continues MPX’s David Keen.

6 A family environment.Perhaps the most important characteristic of MPX is the strong sense of camaraderie shared among team members.

While sales agents, referral partners, support staff and all the others who make the company’s success possible may work in different offices, or even live in different cities or states, there is still a strong sense of community within its ranks. Company events, celebrations and newsletters keep members of the team updated and involved, to make MPX more than just a company. It’s a community of driven individuals committed to succeeding, together.

Want to see for yourself? Check out our Facebook page!

MerchantPro Express is always eager to hear from talented individuals looking to propel their career. Visit our Careers page to learn more about joining the team.

Why Sales Executives Flock to MerchantPro Express

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