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Credit Card Processing Maine

Accepting your customers credit cards is more complicated then it looks. With so many different banks around Maine 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 & National Companies
2. Credit Card Processing - Info
3. How Credit Card Processing Works
4. Basic Fees
5. Featured Local Company

1. Local & National Companies

QuoteSignal
207.504.1977
193 Gun Point Road
Harpswell, ME
Msn Merchant Marketing
(954) 255-5993
9690 W Sample Rd
Coral Springs, FL
Nxgen Payment Services
(609) 924-1249
Princeton, NJ
National Bank Card Systems
(317) 859-9484
1345 W Southport Rd
Greenwood, IN
Card Establishment Services Inc
(586) 773-0895
21625 E 9 Mile Rd
Saint Clair Shores, MI
Ctgy
(323) 933-1590
4601 Wilshire Blvd
Los Angeles, CA
Adaptive Marketing Llc
(402) 661-2000
9500 W Dodge Rd
Omaha, NE
Beacon Marine Credit
(954) 522-7104
1300 SE 17th St Ste D
Fort Lauderdale, FL
Federated Payment Services
(303) 781-3311
3600 S Logan St
Englewood, CO
Nova Information Systems Inc
(303) 421-6363
5310 Ward Rd
Arvada, CO


2. Credit Card Processing - Info


Whether you conduct business online, offline in Maine 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

    QuoteSignal

    207.504.1977
    193 Gun Point Road
    Harpswell, ME
    http://www.quotesignal.com

    Read more about Credit Card Processing

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