COVID-19 BUSINESS RELIEF PROGRAM
If you are a business owner then you understand the implications the COVID-19 Virus is having on your bottom line. Businesses all over the United States are being forced to shut down and even if you can stay open the implications of a state wide lockdown can be devastating to a business.
Swipe 4 Veterans and Wholesale Processing Systems has created a Merchant Processing stimulus program to help take some of the financial pressure off your businesses overhead during the COVID-19 Pandemic This program can help your business save hundreds or even thousand a month.
MERCHANT PROCESSING ONLY $30 A MONTH WITH THE TERMINAL INCLUDED.
Who can use the program?
The program is designed to help businesses who may not be able to afford traditional credit card processing to have alternative choices and still have the advantages of accepting credit cards through their business. The original program was created for payments made to the state, government or utility companies. They still use this method today. This program is now being utilized to help bring relief to businesses during the COVID-19 Pandemic.
How does the program work?
The program works by taking the Interchange fees associated with accepting credit cards and placing the fee back onto the card holder. Whether you use a Visa, Mastercard, AMEX or Discover, all Credit cards have fees you receive for using them. Those fees have been absorbed by you the merchant and business owner for years. You see these fees every month on your processing statement. You will also know these fees vary in price depending on what kind of card the customer carries, For example, a credit card that has free hotel rooms as a perk has higher fees to cover those free rooms. You the merchant and business owner are paying for your customers free hotel rooms. This program simply puts the fees back onto the cardholder so you are no longer responsible.
What will my total monthly fees be?
Once you are accepted to the program your monthly fees will be $30 a month to service your account no matter how large your fees were before. There are no other fees associated with this plan.
How will this effect my customers?
Any one that chooses to use a credit card to pay for your products or services will receive an additional added on fee of 3.99%. This fee will cover all the interchange fees initially placed on you the merchant as described earlier in "How does the program work?" Example: The total for your product comes to $10.00 after tax. The terminal will automatically add on the interchange fee and the customer will pay $10.35 total to cover your fees.
What do I need to do to be on the program?
To be approved for the program the following must be achieved.