Merchant Processing Specialty: Building Supply Industry
Resources
CenPOS Sales Sheet : Select benefits, overall capabilities 3 pg pdf
Sales: 954-942-0483
Update: Cenpos check processing includes ACH, Check 21, and check guarantee. Recurring optional.
Typical Problem
High volume of commercial credit card orders via phone results in frequent non-qualified, NQS, EIRF charges on merchant processing statements. Sounds greek? These categories cost up to .70% more on every transaction interchange fees alone. Your processor may have additional downgrade fees on top of that.
Solution
Not all of these charges are avoidable, but with our expertise, we can reduce these to ONLY the transactions that must fall into this downgrade category. Knowing what to look for and preventing downgrades is critical.
Typically our costs are lower for this category than with other processors.
Background
Staff includes 3rd generation family builders and lumber yard/ building supply company owners. We know your business.
ACTUAL MERCHANT PROBLEM
A wholesale building supply company sells products with low margins and very high dollar value. Their effective rate for credit card processing was manually monitored was creeping higher and higher. Less than 10% of all sales were with debit cards and 85% are rewards or corporate cards.
HOW WE SOLVED IT
CenPOS Smart Terminal with automated switching for retail card swipe and key entered. There were multiple factors contributing to the ‘interchange downgrade’ problem. CenPOS eliminated all of them with proprietary methodology, including interchange optimization. One key differentiator is the ability to dynamically identify the card type, presentment requirements and then automatically send the correct data needed to qualify for the lowest interchange possible. This is impossible with any desktop terminal on the market today because even if there were enough memory, it would be out of date all the time. The intelligence of CenPOS is incomparable in the merchant marketplace today, even among the few other hosted payment solutions.
in a year over year comparison, from July 2010 to July 2011, their effective rate has dropped .2%. Given the change in processing rates, this is a great achievement!
Additional benefits: Manual monitoring to spot trends was eliminated, saving controller time. Merchant can visually glance at any schedule or have custom automated reports sent via email. The ability to look up past transactions by multiple personnel and by different criteria than the processor offered is a continuing timesaver.