Credit Card Processing Kentucky

Accepting your customers credit cards is more complicated then it looks. With so many different banks around Kentucky 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

Complete Merchant Services
877-588-7507
108 Metcalfe Dr.
Hopkinsville, KY
Complete Merchant Services
877-588-7507
108 Metcalfe Dr.
Hopkinsville, KY
Complete Merchant Services
877-588-7507
108 Metcalfe Dr.
Hopkinsville, KY
Merchant Warehouse
866-599-3217
Lexington, KY
Merchant Warehouse
866-599-3217
Louisville, KY
Cozak Investments Inc
(502) 366-7376
Louisville, KY
Heights Finance Corp
(270) 247-0691
1267 Paris Rd
Mayfield, KY
Personal Finance
(502) 348-8119
970 Bloomfield Rd
Bardstown, KY
Champion Financial Services Inc
(502) 429-4949
9200 Shelbyville Rd
Louisville, KY
People's Security Finance
(270) 881-1122
1222 Skyline Dr Ste D
Hopkinsville, KY

2 . Credit Card Processing - Info


Whether you conduct business online, offline in Kentucky 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

    Complete Merchant Services

    Complete Merchant Services provides payment systyems to some of the largest companies in the world.

    877-588-7507
    108 Metcalfe Dr.
    Hopkinsville, KY
    http://www.merchantservicescomplete.com

    Complete Merchant Services offers the complete solution for retail, online/internet, mail, and phone processing merchants. We have state of the art ATM machines giving your customers flexibility and options when it comes to purchasing your products. Our ATM machines come with free shipping and installation as well as free training. We offer a standard 1 yr parts and 30 days labor warranty.

    We offer dynamic retail solutions for businesses including gift shops, bars, automotive, and restaurants. We also offer wireless solutions for those who travel into remote locations and can be used for any service industry.

    If you need to buy paper and supplies or a pin pad we have everything you can think of including cables. You can purchase our pin pads outright or choose from our flexible leasing options that are available.

    If you would like to accept checks we also have check acceptance machines for processing your checks faster then ever before.

    If you need a website or if you need to have your website redesigned we also offer a wide range of website design solutions. We will create a top quality custom made website with all the bells and whistles.

    We team up with the top banks in the world to give our customers the lowest possible rates available. You can also receive a free digital terminal for processing your credit cards with us. This is a savings of at least $500.00 or the high expense of leasing a terminal.

    We can also provide gift and loyalty card programs giving you even more options when it comes to attracting new customers to your business.

    We offer quality merchant services for a value price and our customers always come first. If you are looking for a company that takes the best care of its customers then Complete Merchant Services is a great choice.



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