Non-profit Credit card processing rates

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Filed under: Finance 

Business video informs large non-profits how to validate they are getting the lowest interchange rates (credit card processing rates) for their organization.

www.elementps.com Credit card processing fees shouldn’t be a mystery. Watch to learn how actual Visa and MasterCard fees can clearly be identified. Then contact Element Payment Services, www.elementps.com, to set up a simple, easy to reconcile payment processing solution.
Video Rating: 5 / 5

Tags: Card, Credit, Nonprofit, Processing, Rates

Comments

7 Comments on Non-profit Credit card processing rates

  1. 3Dmerchant on Sun, 24th Oct 2010 6:43 am

    2. @Captmorgan4me
    You mention “emerging markets” which I clearly state merchants should look for on their statement. Want to guess how many non-profit merchant accounts I review that a) are not on a price plan that lets them take advantage of emerging market rates b) are not set up with the proper code to qualify as an emerging market? CPS/RETAIL2(EMERG MKTS) debit intechange is .80% and standard debit is .95%. Non-profits can and SHOULD qualify for this rate, but too many don’t .

  2. Captmorgan4me on Sun, 24th Oct 2010 7:13 am

    3. Are their special credit card processing rates for non-profits….? The answer to that is NO… NOT in any way…. This lady is full of it….. Visa / MC considers all markets by which they have limited presence in to be “emerging markets”. These markets are specifically; government, schools, utilities, insurance, cable / broadband, and pay television (OD); – nothing more…

    Lady remove your video or I will report YOU and your organization to the card associations.

    Troy

  3. 3Dmerchant on Sun, 24th Oct 2010 7:36 am

    4. @DAVD305
    Those are not my degrees, though I have a Bachelor of Science from Syracuse University. One is a certificate from non-proft as a founding member of group that raises money for them. Another is an Addy Award for awesome results in a direct mail campaign. Thanks for commenting though. ^Christine

  4. DAVD305 on Sun, 24th Oct 2010 8:13 am

    5. lol so many degree’s framed in background to bad its a unregulated business and there is no school or college, put those back in your kellogs box.

  5. bbqtom1400 on Sun, 24th Oct 2010 8:25 am

    6. The first question I have always asked is: What are your surcharge fees? It does not matter much what your rate is if your surcharges (example: fees for key-entered, not swiped credit cards) are high. Sales people might try to sell you on the processing rate alone but be wary of the surcharges. You may and likely will be charged an extra surcharge when “their network” is down because the cards have to be manually entered. You must request a fee adjustment even if it is their fault.

  6. ElementPS1 on Sun, 24th Oct 2010 8:45 am

    7. Thanks for viewing this video – what questions do you specifically have about credit card processing fees?

  7. delandplumber on Sun, 24th Oct 2010 9:00 am

    8. I understond this before now I am totally confused