Tap into the Potential of Debit
Consumers themselves have created the growing demand
for on-line debit cards, which directly access deposit
accounts, by making them one of the fastest-growing
payment types at the point of sale.
With Paynet Systems, you'll be in an ideal position to profit from all the strengths of on-line debit processing:
A flat, low-cost tender fee structure makes Paynet Systems on-line debit processing the lowest-cost form of guaranteed payment available. Compare that with credit cards or off-line debit transactions through credit card issuers, which are usually based on a percentage of purchases, and your savings can be enormous.
Real-time payment, with authorization or denial just a few seconds after a shopper swipes a card and enters a PIN - but before he or she leaves with merchandise - eliminates the risk of accepting a bad card or check.
Since the cardholder's secret PIN replaces a signature, the possibility of fraud is reduced significantly.
Compared with cash, on-line debit purchases lead to higher average tickets and increased impulse buying.
When you think of the explosive increase in online debit card issuance, it's only natural to think of Concord - the largest debit processor in the U.S. - as our debit partner. As a pioneer in making on-line debit processing available to retailers, we can provide all the hardware, software, and other support you need to accept on-line debit payment, including the following:
Direct links are tied to virtually every debit card network in the nation, including STAR®, MAC®, Cash Station®, NYCE® and Pulse®.
BIN (bank identification number) technology identifies off-line debit card transactions and prompts the consumer to enter a PIN (personal identification number) converting the purchase to more profitable on-line debit processing on the spot.
BIN management automatically updates BINs and downloads files at the store-level to safeguard against invalid transactions, whether on-line or off-line.
Direct processing of adjustments are with each regional or national debit network.
Debit Network Sponsorship
The debit networks require that a member bank sponsor a retailer, which allows the retailer to accept each of the specific branded PIN-secured debit cards. As the sponsoring bank, Concord accepts certain obligations if the debit networks on the retailer's behalf, including:
Ensuring the retailer displays debit network brands correctly
Accepting liability in the event of fraud and/or disputes that cannot be reconciled.
Concord integrates sponsorship into our PIN-secured debit processing, providing the convenience and assurances of a single-source provider.
WHY
TAKE DEBIT/CHECK CARD PROPERLY?
Fact:
About 30-40% of credit cards used today to
pay for products/services are now debit/check
cards. This trend can result in a significant
volume of savings in monthly Visa/Mastercard
processing rates and fees.
Credit
Card Charge
Debit
Card Charge
If you process a $100
debit card order on your terminal,
and do not have a PinPad, this is
what it will cost you:
If you process a $100 debit card
order, and your customer enters their
PIN number on your Pin Pad, this is
what it will cost you:
Paynet Systems offers more than just Guaranteed Lowest Prices - WE OFFER SERVICE!
Read Our Customer Testimonials to see why more than 30,000 businesses trust Paynet Systems
to provide their merchant account and credit card services.
Credit Card Processing & Merchant Account Services and Solutions by Paynet Systems Contact us today to find how Paynet Systems can assist you with your credit card processing needs.
Paynet Systems specializes in providing merchant account services and credit card processing across the
full spectrum of business types and sizes. From start-up small businesses to Fortune 500 corporations,
Paynet Systems can provide the solutions and support your company requires.
Do you need a credit card machine? Click here to view our credit card processing equipment and solutions.
Do you already accept credit cards? Contact us so we can show you how switching your merchant account
service to
Paynet Systems will increase your profit margins without raising your prices!
Consumer Advisory!
If you are considering a “Free Equipment” offer, read this first.
