0% cost for credit card fees

[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.

[TheTrustedMechanic]

Or, the merchant could just be upfront and tell the customer that using a credit card will incur a 3% surcharge.  Then the merchant would actually be saving the customer money and putting $1462.50 into their pocket for every $50,000 in credit card charges.

Something for the merchants to keep in mind is the reason why you charge them 1% + 25¢ for debit cards is because you are limited by law as to how much you can charge debit card transactions.  So the merchant will make up what you can't charge the customer.