9 replies to this topic

[claskew]

Hi. We use MOM to process point-of-sale transactions at our two retail stores, and it also receives sales from our Internet store.

For POS, we enter the transaction in MOM, and it uses authorize.net for the payment gateway. Is anyone else with MOM/authorize.net using a debit card processing system where the customer enters their PIN? We'd like to do that if possible to save on credit card fees, but I don't even know if MOM or the payment gateway offers that as an option. We never use the Dydacomp service/maintenance, so we're not subscribed to that right now to just ask Dydacomp. So, if anyone has any knowledge in this area, I'd really appreciate it.

Thanks in advance.
Carol

[JRyan]

I'd love tp know the answer to this to, Dydacomp claimed (to one of our staff) that MOM takes debit cards, and that the cashier need not do anything different nor the customer enter a PIN, (most of us call that a Credit Card).

[ypf1258]

I'd love tp know the answer to this to, Dydacomp claimed (to one of our staff) that MOM takes debit cards, and that the cashier need not do anything different nor the customer enter a PIN, (most of us call that a Credit Card). 

most bank card you can use as credit or debit
if you don't need a pin then its credit
to prove yourself try a card that has debit only (nyce, cirrus)

[bhoo]

most bank card you can use as credit or debit
if you don't need a pin then its credit.







online-debtconsolidation.info
debtconsolidation-services.info
online-loans-guide.info

[JPEnterprises]

Guys,

I also use authorize.net to run credit card payments for my customers. I do it through the authorize.net website. Although it works, It's possible for the card to not go through and we get a declined e-mail. This makes it hard because if it declines we have to chase the payment. Do you guys know why this is and what I can do to not have this happen without incurring more expenses?

Thanks,
Josh

[Nikhil]

With Obopay you can Send Money quickly and securely through your mobile phones, the most convenient solution to transfer money anywhere across the world with out any hassle. The fees are low, transactions are secure, and its easy to sign up.

[johnson753]

Credit cards have become more than a luxury. For many, credit cards are a necessity for a couple of reasons. For one, a credit card can make it easier to make purchases without carrying a lot of cash on you.
Secondly, having credit cards can help you to build up your credit rating and credit scores. When you are looking for a best credit cards for you and sorting out the credit card offers you receive,
it can be daunting. To help you figure it all out, here is some information that may help you make the decision.
=================================================================
johnson753
Canadian Merchant Accounts

Canadian Merchant Accounts

[never gone]

Here's some interesting info most don't know. Yes a debit card can be treated like a regular credit card if a pin # can't be entered. What most don't know is the cost for a retail merchant is WAAAAY lower than if it was a regular card and not a debit card. Yes pin based transactions are super low and you only pay a transaction fee but a LOT of processors will sell you on that even if it's really not something that will benefit your business. If you have a really small average ticket, it makes no sense to take a pin based debit card because the cost can actually be higher than if you treat it like a regular card. However, merchants think that just paying a transaction fee instead of a percentage rate is the way to go, which is true as long as you have a high enough average ticket to make it worth it. Processors will use pin debit sales as a reason to sell you more equipment so don't fall for it.

So if you can't take a pin based debit, it's still all good. Example, cost on a regular visa for a swiped transaction is 1.6325% + .10 a trans. That is COST (in the US), not including the processors profit, no matter what processor you're talking about, for a basic swiped transaction. Now, if you're with a processor that participates in check card rebates, your cost on the same transaction if it's a debit card where there is NO pin# being entered, the cost is 1.1225% + $.15 a transaction. It's a HUGE difference between the two but the kicker is most processors will not charge you the lower rate even though they are getting charged the lower rate from Visa/MC, they keep the difference for their profits. The thing is that processors do not have to give you the lower rates for debit cards because it's completely elective for them to do so. I hoped that helped a little.