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Tyler Rice

Credit processing fees?

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  • Similar Topics

    • By Elite Worldwide Inc.
      Good morning,
       
      With business slowing down for most, we feel that there's never been a better time for shops to take advantage of online training. We know that everyone in our great industry is in this together, and want to help shop owners in any and every way that we can, so have decided to team up with Jasper Engines & Transmissions to make our Online High Impact Customer Care Sales Course available to the industry at no charge. 
       
      The recordings for this 4-part online sales training course are usually sold for $179, but the below link will provide you with complimentary access. You'll see that the page also provides access to an Action Plan that you can follow to help you navigate through the coronavirus pandemic.
       
      As you take on this challenge, please don't forget that you're not alone, and that this pandemic will pass. If there's anything else that Elite may be able to do to help you, please feel free to Contact Us, or give us a call at 800-204-3548.
       
      Click Here for complimentary access to our Online High Impact Course and COVID-19 Shop Owner Action Plan
       
      Wishing you the best,
       
      Your Friends at Elite
    • By spencersauto
      What's your houlr labor rate and where are you located? We're currently at $95 in Texas
    • By Mark Johnson
      In an effort to update the group with all the most recent developments, we are happy to inform you that on March 20, 2020 the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees.

      This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020. 
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      To learn more about how this will work or how to access up to $2M in Federal SBA disaster loans call us at 954-324-0803 or book a time in our calendar https://calendly.com/markjohnsontaxplanner/45strategysession.
       
       

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    • By tco
      Loma Solutions represents a 0% credit card fee solution.   We have 1000's of customers in the US and our solution makes auto shop owners thousands of extra dollars every year.

      How does 0% processing work?
      When your customer decides to pay with a card, they have 2 options.  If they use a credit card, a small percentage of the transaction will be charged to their card.  If they use a debit card, there will be no fee to the customer.  Our software does all the work and explains to the customer of their choice prior to the card being authorized.

      What exactly are the costs to the merchant and to the customer?
      For credit cards: Merchant pays zero credit card fees, the customer pays 3.5% of the transaction
      For debit cards:  Merchant pays 1% + $0.25/authorization, the customer pays 0 fees

      Facts:
      - A card swiper is not needed: credit card information can be typed in a phone, computer or over the phone.  There is a 'brick' card swiper if needed*
      - No set-up costs or any other fees
      - Our agreement is month-to-month
      - If you auto batch by 8:00 PM EST, you get your money the next day
      - The solution complies with all card rules and regulations
      - We'll have you up-and-running within a week

      Benefits to the Merchant:
      *** You are being fair to your customer by offering them a choice to pay a fee or not, while you are eliminating your credit card fees, which can be up to 2.5% of your total card sales.
      - Simple to use and all charges are viewable through our real-time online portal.  
      - Support: our team is there when you need us.  We will show you and anyone on your team how to use the solution, but it’s very straight forward.
       
      Making you more money!
      If your current credit card fees are 2.5% of your total card sales, for every $50,000 in credit card transactions, you'll put an extra $1,250 in your pocket.
      * we will provide you with a ‘brick’ terminal: $35/month if needed.  This includes free paper re-supplies.
        Reach out if you'd like to discuss.
    • By Mark Johnson
      Do you ever worry that if the credit card you’re using to make business purchases isn’t in your business name that you won’t be allowed to take the deductions?
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      When you take a personal credit card and use it entirely for business expenses, you are essentially contributing this debt to your business.
      You can use the card the same as if it was in the company’s name and deduct every business expense you purchase on it.
      This can be a great strategy, just like with auto loans, when the company is new because it’s harder for new companies to get lines of credit without an established credit history.
      So if you’ve got a personal credit card available for business expenses, feel free to use that card and benefit from all of the rewards!
      To learn more please call 1954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min

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