Retail - Toronto Merchant Accounts

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Retail Merchant Accounts in Toronto

- Credit card discount rates from as low as 1.59%
- Debit card transaction fees from as low as 8 cents
- Guaranteed financing on all Point-of-sale Terminals
- Fast turn-around time-can have a new POS Terminal ready in as little as five business days
- Quality customer service 365 days of the year- Lifetime warranties on all POS Terminal hardware and software

In this day age it is almost impossible to be in business without offering debit and/or credit cards as method of payment to your customers. There are many credit card processing companies that offer merchant account services in Canada, but not all merchant account providers should be treated equal. There are some vary important key questions every business owner should be asking before deciding on card processing provider.

1. What is the Qualified, Mid-Qualified, and Non-Qualified rates?
Many provides seem to neglect to mention the "Mid's" and "Non's" when quoted merchants and it is these rates that usually much higher than the "Qualified" discount rates. This leaves the merchant shock by the high fees when they receive their first bill. "Qualified" means any card that has no rewards attached to it and the transaction is swiped across the POS Terminal. "Mid" means any reward card that is swiped across the POS Terminal and "Non" means ALL transactions that are NOT swiped across the POS Terminal. This is an over simplified explanation of what these three different fees mean, but usually covers 90% of all types of card downgrades.

2. What are the warranties on the hardware and software?
You don't want to discover after investing a significant amount of your hard earned money to discover you receive a lemon when it comes to a card processing solution. You want to know that everything has a lifetime warranty included in the pricing and that all hardware and/or software will be replaced in a timely manor. You don't want to find out it is going to cost you or even worse take two weeks to get a new solution. Can you imagine how many sales you would lose by not having your card processing solution working for two weeks...?

3. How is the customer support?
Many business owners forgot to ask this question nor do they take a moment to request the support numbers and to call them to test to see what type of service they will received once a customer. We have seen a many a merchant, contact us looking to switch simply to do with their current provider's customer support is not up to par.

We have helped hundreds and hundreds of Merchants in the Greater Toronto area and feel confident that we can also help you with your credit and/or debit card processing needs. Click on the following link to get a merchant account quote today!