MEET THE MEMBERS - Dat To of Canada Payment Processing
How Do I Get A Low Rate Credit
Card Merchant Account?
Hi, my name is Dat and I’ve been
in the Payment Solutions
Industry for over 5 yrs now-
MBN Member Dat To of
helping small business owners
Canada Payment Processing
across Canada either get new debit
& credit card processing or helping
them switch from the bank affiliates.
money on the long term. This is why new
businesses don’t get a fair shake- high risk.
I often get this question by many Merchants:
“How do I get a low rate credit card merchant
In order to get a low rate for your credit card
account?”
merchant account your business model has to be
‘less risky’. What does that mean?
In order to get a low rate for your credit card
Face to face with your retail customers is best.
merchant account your average sale amount has
Phone orders and taking orders by invoice from
to be low. The higher the average sale, then the
customers, and then punching in (’keying-in’)
higher the risk. When fraud occurs, the criminal
credit card transactions later at the office mean
does not shop at a business with a low average
‘more risk’.
ticket, they are going to get the ‘big ticket’ items!
Being completely online is risky in the eyes of the
The larger average sale amounts can also
credit card processors also. Cyber fraud is as
potentially add up to larger total business
rampant as the growth of e-commerce.
volume- faster, and with much fewer transactions
to get there. Which usually is a good thing, but
Dat To has helped hundreds of Canadian Business
not in employee or customer credit card fraud
situations.
Owners over the last 5 years make simple &
understandable what is intentionally made complex
In order to get a low rate for your credit card
by the Payment Processing/ Acceptance Industry in
merchant account your sales volume has to be
Canada.
high. A credit card processor would rather have a
few larger volume accounts, then a dozen small
Go online at www.CanadaPaymentProcessing.com to
volume accounts. As a business grows, learns
find unique and practical information for business
more about and services their customers better, owners plus detailed quotes from multiple suppliers.
the more stable and profitable it will become.
Dat can also connect business owners to the payment
processing program specific to their business
More businesses go out of business in their
model."
first year than in any other time. Merchant
accounts that go into default are not what the
You can network with Dat To on the MBN by Clicking
credit card processors want. They want to make
Here
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