Credit Card Processing Indiana

Accepting your customers credit cards is more complicated then it looks. With so many different banks around Indiana and third party merchant providers offering credit card processing solutions it helps to have a concise overview of the various transaction fees, discount rates and technologies to consider.


1 . Local Companies

Heartland Payment Systems
812-267-8013
One Heartland Way
Jeffersonville, IN
INDIANA PAYMENT SOLUTIONS
866-348-9777
1000 Merchant Ln.
Evansville, IN
Merchant Warehouse
866-599-3217
Fort Wayne, IN
Indiana Merchant Account - GBG
888-332-5749
P O BOX 17321
Greenwood, IN
Merchant Warehouse
866-599-3217
South Bend, IN
Merchant Warehouse
866-599-3217
Indianapolis, IN
Merchant Warehouse
866-599-3217
Evansville, IN
Sagamore Home Mortgage
(765) 482-4866
220 W Washington St
Lebanon, IN
American General Financial Services
(765) 825-1492
320 W 30th St
Connersville, IN
F B T Capital Corp
(219) 879-0691
1908 E US Highway 20
Michigan City, IN

2 . Credit Card Processing - Info


Whether you conduct business online, offline in Indiana or both you will at some point consider accepting credit card payments from your customers. The decision to allow credit card payments may be a simple one; however, selecting a merchant account provider is complicated and can have a real impact on your business not to mention your bottom line. Unfortunately, not all merchant accounts are alike. You’ll soon learn that providers have different approaches to rates, fees, limits, not to mention customer service – and finding the right match for your business is critical. The remainder of this guide will break down the process and key considerations to enable you to find the right solution.

3 . How Credit Card Processing Works

How Credit Card Processing Works
Without getting too detailed and caught up in all the possible exceptions, here’s what happens when a credit card is processed:

1. Merchant processes card with a point of sale unit or via software if online.

2. Data is transmitted (card info, sales amount) to the “acquiring” bank.

3. Acquiring bank requests authorization from the “card-issuing” bank.

4. If accepted, acquiring bank processes the transaction and sends approval back to the merchant.

5. The merchant reviews the transactions and transmits confirmation to acquiring bank for deposit.

6. Acquiring bank then requests and receives funds from the card-issuing bank.

7. Acquiring bank then deposits funds into the merchant’s account.

4 . Basic Fees


Needless to say, all parties involved in this process benefit (take a cut). Here are the primary fees to consider:

  • Set-up fee – one time fee for getting started
  • Transaction fee – merchant pays a fee for every transaction
  • Discount rate – flat % charged to merchant for every transaction
  • Chargeback rate – rate of monthly sales “held” in reserve to offset any fraudulent transactions
  • Chargeback fee – there is often a fee for charge-backs
  • 5 . Featured Local Company

    Heartland Payment Systems

    Heartland’s industry-specific products & services can help you improve and grow your business.

    812-267-8013
    One Heartland Way
    Jeffersonville, IN
    Heartlandd Payment Systems.com

    Are you making as much money as you can from every sale you ring up on a credit, debit and prepaid card? Or is your payments processor taking too big a cut … and slicing your revenue?

    In an industry fraught with processors looking out for themselves, Heartland Payment Systems watches out for you.

    Whether your customers use credit, debit or prepaid cards — including gift card and loyalty programs and Heartland’s Give Something Back NetworkSM OneCard — Heartland processes your transactions efficiently and cost-effectively.

    You can rest easy knowing your transactions are processed on the industry’s only end-to-end, state-of-the-art processing platform for brick and mortar companies. With built-in flexibility designed to keep pace with today’s shifting business needs, you have all the support you need.

    Both brick and mortar and e-commerce stores benefit from:

    * Fair pricing and full disclosure of fees and agreement terms
    * Clear statements that eliminate confusing or misleading fees
    * Fast access to funds through real-time processing and quick authorizations
    * Fully integrated terminals and software that work with your systems
    * Round-the-clock service through a dedicated field service team and toll-free live support 24/7/365
    * Easy account management through our Online Merchant Center
    * Industry-specific solutions to meet your unique business needs
    * One-stop payments processing that serves all your needs conveniently and efficiently


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