Looking for group airfare deal for 12. Anyone have a good contact?

Toyota’s 2D barcode, ToyoTag, hits big vs QRC codes Target Marketing http://t.co/Xpzv6Q3a

What’s the impact of SaaS and Clouds for IT? http://t.co/zz4JZ5Y3

Merchant fights back about PCI and fines- broad implications http://t.co/kgUpywlU

What are the total costs of using Paypal to accept payments vs a regular merchant account and with another gateway, such CenPOS? Paypal is just another bundled pricing plan which always costs more. ( I still recommend Paypal for small businesses as an easy way to get started accepting credit cards if in a card not present environment. ) All credit card processing fees are subject to interchange rates, but in the case of Paypal, merchants see only one rate. Paypal has calculated an average cost of all interchange fees that will be incurred and then added a profit margin on top to come up with their simplified merchant rate structure. It’s easy for merchants to understand, but it’s not the least cost.

On the surface, it looks pretty straightforward. Just check your business volume and then see which rate you’ll fall under.

$.30 per transaction is particularly hefty if you have a low average transaction, such an online donations.

Here’s 5 Ways a Regular Merchant Accounts cost less, particularly for mid to large businesses, or those processing at least $1 million annually.

1. Fee refunds: With Paypal, the Fixed Fee portion of the Transaction Fee will be deducted from your Account at the time of the refund, in addition to the full payment amount that is refunded to the buyer. With the pricing above, the refund is $.30.  You don’t get back the 2.4% fee. For a regular merchant account, the merchant can have interchange fees refunded ( though not all merchant accounts are set up that way).
2. Debit: As a percentage, Regulated debit is now .05%. Unless you’re strictly B2B, you’re average effective rate will be significantly lower with a regular merchant account, since as much as 30% of  your transactions are likely to qualify for this rate. You’ll never exactly what your costs would be to compare outside of Paypal because there is no breakdown of what types of cards your customers presented for payment.
3. Cross Border or Foreign Card Fees: Paypal charges a 1% surcharge for cards issued outside the US, but the most credit card processors will simply pass through the actual fees which ranges from .40% to .55% depending a the card.
4. Paypal nets fees daily vs monthly. This represents lost opportunity for working capital.
5. Paypal Recurring Billing Monthly Fee: $29.95. This is a free service with many other solutions.

See more Paypal blog articles, such as When should I convert from Paypal to a merchant account?

This is Part 1. At a later date I’ll compare the gateway fees and benefits for Payflow Pro.

The Guy That Created SAP’s Hottest Product Ever Thinks It Will Squash Oracle Like A Bug http://t.co/DUmyd9yv via @bi_enterprise

One of my old web clients in TX is looking for a full time web developer. They have great products, and great people. …http://t.co/msnGFK7F

Partnering with leading technology integrators, 3D Merchant Services is expanding attorneys’ billable hour accuracy while at the same time reducing administrative time, and increasing cash flow. Increase billing accuracy with automated logging of all calls, whether in the office, or on your cell phone. Then empower customers to pay their bills securely online, and optionally send them electronic bills (EBPP)

Small law firms with 1-5 attorneys especially need tools to reduce administrative time in order to maximize profits. For small firms, an accurate cell phone call logging solution may have the biggest impact to accurately capture billable hours, and immediately assign it to a client and matter code.  Larger firms probably already have a phone log billing system, but if not, then combining the desktop time log, with PBX call logger and mobile phone logger closes the loop for all time tracking. Add the CenPOS payment processing solution, and you can bill more accurately and collect monies due in a secure and cost effective manner.

As previously reported, attorneys can accurately log billable time with a new innovative mobile time tracker. A key feature is the pop-up on incoming calls; when you hang up, you can immediately assign the call to a client, assign pre-defined matter codes and even enter notes. The length of call is prefilled for you.  Data is all accessible back in the office via a web based dashboard for later modification and export into your accounting software.

Expense record on mobile device. Assign and submit billable/ reimbursable expenses on the go.

Our innovative payment gateway works with your existing payment processors, creating numerous efficiencies, increasing cash flow,  reducing the cost of payment acceptance, and improving transparency.

• Partners access real-time revenue.
• Generate reports and automatically distribute via email.
• Automatically send invoices and reminders to clients, with simple click to pay online.
• Empower clients to pay any invoice online- self pay saves your staff time and reduces risk.
• Accept payments and retainers in person with signature capture on mobile devices.
• Finance staff will have tools to automate processes and control payment processing costs.
• The most flexible, scalable payment solution available today.

Payment Modules include: virtual terminal, batch upload, Electronic Bill Presentment & Payment (EBPP), Dashboard Reporting, report writer, shopping cart and pay page.

Legal Payment Brochure (pdf Download) . This one page document will be updated in the future.
CenPOS clients include those listed in the 2011 U.S. News – Best Lawyers ‘Best Law Firm’ Rankings. Contact us now to find out why they chose our technology.

See also Legal billing and payment technology increases cash flow.

About CenPOS  http://www.cenpos.com/  “Creating efficiencies through payment innovation”

Founded in 2009, Miami-based CenPOS is a payment technology provider. CenPOS is an intelligent payment-processing network that streamlines the payment experience for businesses and consumers by using state-of-the-art technology to replace inefficient, outdated payment systems. The network reflects the core values that drive the experienced and innovative CenPOS team: Simplicity, Scalability, Security and a holistic approach to payment processing strategies.

About 3DMerchant.com

3DMerchant.com is a marketing and educational web site created by CenPOS agent Christine Speedy to share CenPOS success stories, applications, relevant merchant services news, and generate new business leads from readers like you.

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