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tco

Sponsor Member
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tco last won the day on September 17

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About tco

  • Rank
    Occasional Poster

Business Information

  • Business Name
    Loma Solutions
  • Business Address
    1245 North LaSalle Drive, Near North Side, Chicago, Illinois, 60610
  • Type of Business
    Marketing to Auto Shops
  • Your Current Position
    Marketing To Shops
  • Automotive Franchise
    None
  • Website
  • Logo
  • Participate in Training
    No
  • Your Mission Statement
    Accept credit cards at 0% cost. Achieve 100% compliance.

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  1. Accepting Credit Cards at 0% cost Credit card fees for merchants have drastically gone up in recent years, especially for reward card purchases, making credit card fees one of businesses largest expenses. Interchange fees for reward cards have gone up by 24% in a recent 4-year period. The highest reward card fees to a merchant are now around 3% of the transaction total (not including what the markup from whomever sold you their credit card processing). Many people have probably seen Samuel L. Jackson TV commercials promoting Capital One’s Quick Silver credit card, paraquoting, “The Quick Silver credit card will give you 1.5% cash back on all of your purchases.” Who do you think is actually giving these customers 1.5% of their cash back on their credit card purchases? You guessed it- you, the merchant. What’s a business owner to do? Do nothing Raise the products or services prices to account for higher credit card fees Offer a cash discount Don’t accept credit cards Or, provide your customer a choice when they pay with a card to pay a surcharge or not- 0% credit card costs to the merchant All of these options have their pluses and minuses, but with the ever higher and higher fees credit cards are charging to merchants, there are other methods where technology and consumer choice can help mitigate these fees. 0% credit card cost is relatively new legal method of accepting card payments in the US. The credit card companies fought to not allow consumers a choice to pay a surcharge with credit card or zero fees with a debit card. The credit card companies make much less money with a debit card opposed to a credit card... This case went all the way to the US Supreme Court this decade. The credit card companies lost and consumers being able to choose to pay a surcharge with a credit card or zero fees with a debit card is now legal in 45 states. The remainder of the 5 states will likely be joining the other 45 states in the near future as there are still ongoing court proceedings. The US is now following the Australian model which has been allowing merchants to surcharge since 2003. Currently, 42% of all merchants in Australia pass on a surcharge to customers who use a credit card. Here’s an option that you might not know about, until now: When your consumer decides to pay with a card, they have two options. If they use a credit card, a small fee will be charged to their card. If they use a debit card, there will be no fee to the consumer. Our software does all the work and explains to the customer of their choice prior to the charge being authorized. What exactly are the costs to the merchant and to the consumer? For credit cards: Merchant pays zero credit card fees, the consumer pays 3.5% of the transaction amount For debit cards: Merchant pays 1% + $0.25/authorization, the consumer pays Zero fees Facts: A card swiper is not needed: credit card information can be typed in a phone, computer over the phone and in-person. A 'brick' card swiper/dipper is available if needed. Works with online sales/invoices Simple application process, no upfront cost, no term contract, no cancellation fee and complies with all credit card rules and regulations If you auto batch by 8:00 PM EST, you get your money the next day Up-and-running within a week Benefits to the Merchant: Being fair to your consumer by offering them a choice to pay a fee or not, while eliminating your credit card fees, which can be up to 3% of your total credit card sales. Simple to use and all charges are viewable through real-time online portal. Support: our team is there when you need us, but it truly is very straight forward. We realize this solution is not for everyone. But, you now have the opportunity to no longer pay credit card fees, forever. Reach out through ASO or here if you are interested in discussing further: https://www.lomasolutions.com/contact
  2. Accepting Credit Cards at 0% cost Credit card fees for merchants have drastically gone up in recent years, especially for reward card purchases, making credit card fees one of businesses largest expenses. Interchange fees for reward cards have gone up by 24% in a recent 4-year period. The highest reward card fees to a merchant are now around 3% of the transaction total (not including what the markup from whomever sold you their credit card processing). Many people have probably seen Samuel L. Jackson TV commercials promoting Capital One’s Quick Silver credit card, paraquoting, “The Quick Silver credit card will give you 1.5% cash back on all of your purchases.” Who do you think is actually giving these customers 1.5% of their cash back on their credit card purchases? You guessed it- you, the merchant. What’s a business owner to do? Do nothing Raise the products or services prices to account for higher credit card fees Offer a cash discount Don’t accept credit cards Or, provide your customer a choice when they pay with a card to pay a surcharge or not- 0% credit card costs to the merchant All of these options have their pluses and minuses, but with the ever higher and higher fees credit cards are charging to merchants, there are other methods where technology and consumer choice can help mitigate these fees. 0% credit card cost is relatively new legal method of accepting card payments in the US. The credit card companies fought to not allow consumers a choice to pay a surcharge with credit card or zero fees with a debit card. The credit card companies make much less money with a debit card opposed to a credit card... This case went all the way to the US Supreme Court this decade. The credit card companies lost and consumers being able to choose to pay a surcharge with a credit card or zero fees with a debit card is now legal in 45 states. The remainder of the 5 states will likely be joining the other 45 states in the near future as there are still ongoing court proceedings. The US is now following the Australian model which has been allowing merchants to surcharge since 2003. Currently, 42% of all merchants in Australia pass on a surcharge to customers who use a credit card. Here’s an option that you might not know about, until now: When your consumer decides to pay with a card, they have two options. If they use a credit card, a small fee will be charged to their card. If they use a debit card, there will be no fee to the consumer. Our software does all the work and explains to the customer of their choice prior to the charge being authorized. What exactly are the costs to the merchant and to the consumer? For credit cards: Merchant pays zero credit card fees, the consumer pays 3.5% of the transaction amount For debit cards: Merchant pays 1% + $0.25/authorization, the consumer pays Zero fees Facts: A card swiper is not needed: credit card information can be typed in a phone, computer over the phone and in-person. A 'brick' card swiper/dipper is available if needed. Works with online sales/invoices Simple application process, no upfront cost, no term contract, no cancellation fee and complies with all credit card rules and regulations If you auto batch by 8:00 PM EST, you get your money the next day Up-and-running within a week Benefits to the Merchant: Being fair to your consumer by offering them a choice to pay a fee or not, while eliminating your credit card fees, which can be up to 3% of your total credit card sales. Simple to use and all charges are viewable through real-time online portal. Support: our team is there when you need us, but it truly is very straight forward. We realize this solution is not for everyone. But, you now have the opportunity to no longer pay credit card fees, forever. Reach out through ASO or here if you are interested in discussing further: https://www.lomasolutions.com/contact View full article
  3. If the 3.5% is too high for the consumer, then they can use their debit card for Zero fees. It's the consumer's choice.
  4. I understand your concern. This is the best legal way for a merchant to eliminate their credit card fees forever, while providing the consumer a choice whether they pay a surcharge (using a credit card) or not (using a debit card). I realize that this solution is not for everybody, but it does provide a way for the merchant to keep more money and provide the consumer a choice rather than a mandate.
  5. 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.
  6. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  7. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  8. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  9. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  10. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  11. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  12. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  13. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.
  14. Hi, My company just became a sponsor on AutoShopOwner. I just read your prior post and thought I'd reach out. My company, 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% 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 or 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. Is there a good time that you like to speak on a call? Please let me know when works best.


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