Posts Tagged ‘Mastercard’

This is a great video that explains Choosing the right terminal and why it’s important to know what terminal is best for your business.  VMS-Washington encourages all business owners to learn more about credit card processing so they can save more money on their processing, learn better ways to processing and to know right from wrong when talking to a potential credit card processor.

If you’re interested or want more information about interchange and better rates from an “A Rated” company contact us, VMS-Washington is giving businesses the Summer Deal of the Year.  For a limited time we are offering rock bottom rates for new and existing businesses.  The questions we always ask business owners are:

  • Have you checked out your current or potential merchant service company on the BBB?
  • Does your current provider or potential provider promote your business?
  • Does your current provider or potential provider send referrals your way?
  • Are you getting the best rates in town?
  • Has your current or potential merchant told you about the Durbin Amendment?

Wouldn’t you want an A rated company that and will promote your business though their social media and monthly newsletters.  For more information contact us.

Thank you,

VMS-Washington
washington@valuedmerchants.com
www.vms-washington.com
800.531.8575 ext.697

This is a great video that explains PCI Compliance.  VMS-Washington encourages all business owners to learn more about credit card processing so they can save more money on their processing, learn better ways to processing and to know right from wrong when talking to a potential credit card processor.

If you’re interested or want more information about interchange and better rates from an “A Rated” company contact us, VMS-Washington is giving businesses the Summer Deal of the Year.  For a limited time we are offering rock bottom rates for new and existing businesses.  The questions we always ask business owners are:

  • Have you checked out your current or potential merchant service company on the BBB?
  • Does your current provider or potential provider promote your business?
  • Does your current provider or potential provider send referrals your way?
  • Are you getting the best rates in town?
  • Has your current or potential merchant told you about the Durbin Amendment?

Wouldn’t you want an A rated company that and will promote your business though their social media and monthly newsletters.  For more information contact us.

Thank you,

VMS-Washington
washington@valuedmerchants.com
www.vms-washington.com
800.531.8575 ext.697

Business owners,

VMS-Washington is passionate about saving business owners money on their processing and cut their business costs.  How do we do it?  Simple, we provide you with A rated services, give you rock bottom rates,  help you with better business practices through our preferred partners and educate you on credit card processing.  How can we give you better rates than other merchant service providers?  We process over 100+ million a day in business which means we can ask for better rates and fees.  Due to the overwhelming replies we are eager to help business owners by giving you great rates and fees and with those great rates we also promote you business for free though our 44,000+ in our network.  What would you do with your extra savings?

  • Invest in your company?
  • Pay off some bills?
  • Buy more inventory?
  • Pay for lunch for your employees?
  • Do more advertising?

VMS-Washington helps all businesses, it doesn’t matter if you process $500 dollars a month or 500,000 a month, you’ll get great rates and fees from us.  We’ll help all types of businesses, non-profits and charities. For example:

  • Churches
  • Charities
  • Mom & Pop stores
  • Franchises
  • Grocery stores
  • Auto dealerships
  • Restaurants
  • Bars & pubs
  • Hotels
  • Web based companies
  • Any and all businesses

So why pay high rates when you can be with a company that will give you low rates and fees and promote your business for free.  We ask potential clients these questions:

  • Are you happy with your current provider?
  • Do they send you referrals?
  • Do they promote your business?
  • Have you checked them out on the BBB?
  • Do they give you $50.00 per referral?
  • How many referrals have you received from them?
  • Have they told you about the Durbin Amendment?

To sum it up.  VMS-Washington will beat every processor out there and give you the best rates and if we can’t we’ll give you $500.00 cash!  Contact us if you want to save money on your processing and help you save on other business costs.

Thank you,

Michael Roberts

VMS-Washington
www.vms-washington.com
800-531-8575 ext. 697

This is a great video that explains what’s behind credit card transactions.  VMS-Washington encourages all business owners to learn more about credit card processing so they can save more money on their processing, learn better ways to processing and to know right from wrong when talking to a potential credit card processor.

If you’re interested or want more information about interchange and better rates from an “A Rated” company contact us, VMS-Washington is giving businesses the Summer Deal of the Year.  For a limited time we are offering rock bottom rates for new and existing businesses.  The questions we always ask business owners are:

  • Have you checked out your current or potential merchant service company on the BBB?
  • Does your current provider or potential provider promote your business?
  • Does your current provider or potential provider send referrals your way?
  • Are you getting the best rates in town?
  • Has your current or potential merchant told you about the Durbin Amendment?

Wouldn’t you want an A rated company that and will promote your business though their social media and monthly newsletters.  For more information contact us.

Thank you,

VMS-Washington
washington@valuedmerchants.com
www.vms-washington.com
800.531.8575 ext.697

VMS-Washington – Behind Credit Card Transactions Video

This is a great video that explains Fraud.  VMS-Washington encourages all business owners to learn more about credit card processing so they can save more money on their processing, learn better ways to processing and to know right from wrong when talking to a potential credit card processor.

 

 

If you’re interested or want more information about interchange and better rates from an “A Rated” company contact us, VMS-Washington is giving businesses the Summer Deal of the Year.  For a limited time we are offering rock bottom rates for new and existing businesses.  The questions we always ask business owners are:

  • Have you checked out your current or potential merchant service company on the BBB?
  • Does your current provider or potential provider promote your business?
  • Does your current provider or potential provider send referrals your way?
  • Are you getting the best rates in town?
  • Has your current or potential merchant told you about the Durbin Amendment?

Wouldn’t you want an A rated company that and will promote your business though their social media and monthly newsletters.  For more information contact us.

Thank you,

VMS-Washington
washington@valuedmerchants.com
www.vms-washington.com
800.531.8575 ext.697

 

VMS-Washington – Savings of 29.82%

VMS-Washington saved WiPliance 29.82%, that’s $6471.15 a year and $25,884.58 for 5 years!  We can beat anyone out there 20-60% off their current provider with average savings of 47.01%. Valued Merchant Services offers a free cost analysis to compare your current provider to us. In addition, anyone that sends us business our way will get $50.00 when sign the client signs. We also challenge you to beat our rates, if we can’t we will pay you $500.00 Cash. Has your current processor told you about the Durbin Amendment and how it can save you money on your processing rates and fees?

Due to the overwhelming replies and inquiries VMS-Washington wants to help your business out by giving you rock bottom rates for your processing.  We also can help your business by giving you great rates for unsecured business loans with an 90% approval rate for start-ups and existing businesses.  Call or email us if you want to know more.

Michael Roberts

VMS-Washignton
www.vms-washington.com
washignton@valuedmerchants.com
(800) 531.8575 ext. 697

This is a great video that explains chargebacks.  VMS-Washington encourages all business owners to learn more about credit card processing so they can save more money on their processing, learn better ways to processing and to know right from wrong when talking to a potential credit card processor.

If you’re interested or want more information about interchange and better rates from an “A Rated” company contact us, VMS-Washington is giving businesses the Summer Deal of the Year.  For a limited time we are offering rock bottom rates for new and existing businesses.  The questions we always ask business owners are:

  • Have you checked out your current or potential merchant service company on the BBB?
  • Does your current provider or potential provider promote your business?
  • Does your current provider or potential provider send referrals your way?
  • Are you getting the best rates in town?
  • Has your current or potential merchant told you about the Durbin Amendment?

Wouldn’t you want an A rated company that and will promote your business though their social media and monthly newsletters.  For more information contact us.

Thank you,

VMS-Washington
washington@valuedmerchants.com
www.vms-washington.com
800.531.8575 ext.697

This is a great video that explains Interchange.  VMS-Washington encourages all business owners to be on a Interchange system instead of a Tier rate.

If you’re interested or want more information about interchange and better rates from an “A Rated” company contact us, VMS-Washington is giving businesses the Summer Deal of the Year.  For a limited time we are offering rock bottom rates for new and existing businesses.  The questions we always ask business owners are:

  • Have you checked out your current or potential merchant service company on the BBB?
  • Does your current provider or potential provider promote your business?
  • Does your current provider or potential provider send referrals your way?
  • Are you getting the best rates in town?
  • Has your current or potential merchant told you about the Durbin Amendment?

Wouldn’t you want an A rated company that and will promote your business though their social media and monthly newsletters.  For more information contact us.

Thank you,

VMS-Washington
washington@valuedmerchants.com
800.531.8575 ext.67

VMS-Washington – Visa, MasterCard to Swipe-Fee Settlement

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

Described as the “largest antitrust settlement in history” by plaintiffs’ attorneys , the agreement would require Visa, MasterCard several major banks, including JPMorgan Chase, Bank of America, Citibank and Wells Fargo , to establish a fund for $6.05 billion for roughly seven million merchants, who plaintiffs’ attorneys say have been adversely affected by the interchange fees the networks set. The case was due to go to trial in September.

“These are truly historic reforms that will help shift the competitive balance from what in the past has been dominated by the card companies and the banks over to the merchants and the consumers, by giving consumers both transparency and a choice for cheaper forms of payment ,” says Martin Lueck, a partner and chairman of the executive board at Robins, Kaplan, Miller & Ciresi, a plaintiffs’ firm involved in the lawsuit.

The settlement is in line with analysts’ previously estimates, which pegged a potential agreement at between $5 billion and $15 billion.

In addition to the fund, the networks have agreed to temporarily reduce for eight months the level of interchange fees by 10 basis points, a benefit estimated by plaintiffs’attorneys be worth $1.2 billion.

Visa and MasterCard will also drop so-called “no surcharge” rules, which previously prohibited retailers from tacking on additional fees to the consumer for using a credit card.

“Now me payment payment.”

In addition, the companies have agreed to negotiate with groups of merchants collectively over interchange rates going forward.

Visa says it will record a litigation of $4.1 billion for the quarter ended June 30, 2012, increasing its reserves from $285 million to approximately $4.4 billion, which it will fund through a preexisting litigation escrow account. The card network had previously put more than $4 billion in that account.

“We believe settling this case is in the best interests of all parties,” said Joseph W. Saunders, Chairman and Chief Executive Officer of Visa Inc., in a press release Friday. “We are comfortable with the terms, which we do not anticipate will impact our current guidance. Visa is well positioned to help drive the migration to electronic payments in the U.S. and globally.”

MasterCard previously agreed to pay 12% of any potential settlement involving Visa and the banks. The card network said on Friday that its share of the cash portion of thesettlements will total $790 million before taxes. It plans to add an extra $20 million pre-tax charge in its second quarter 2012 financial statements, as it had previously recorded a $770 million charge in its fourth quarter 2011 financial statements, the company said in a press release.

“Our decision to settle is based on our belief that MasterCard and our stakeholders are best served by an amicable resolution,” said Noah Hanft , MasterCard’s General Counsel and Chief Franchise Integrity Officer, in a press release Friday. “Although we have strong defenses to all claims, a settlement avoids years of litigation and uncertainties that are inherent in such cases. We believe that today’s settlements should resolve all issues with the merchant community.”

The settlement is pending before Judge John Gleeson and Magistrate Judge James Orenstein in the United States District Court for the Eastern District of New York.

Due to the overwhelming replies and inquiries VMS-Washington wants to help your business out by giving you rock bottom rates for your processing.  We also can help your business by giving you great rates for unsecured business loans with an 90% approval rate for start-ups and existing businesses.  Call or email us if you want to know more.

Michael Roberts

VMS-Washington
www.vms-washington.com
washignton@valuedmerchants.com
(800) 531.8575 ext. 697

VMS-Washington – Some Merchants Object to Visa/MC Swipe-Fee Settlement

Some merchants are already crying foul over a proposed $6 billion swipe-fee settlement, threatening the payments industry’s attempts to move past long-pending litigation.

The National Association of Convenience Stores, a trade group representing more than 3700 merchants and a plaintiff in the lawsuits, rejected a proposed settlement of those suits announced late Friday. Now the group has hired law firm Constantine Cannon, which negotiated a landmark $3 billion settlement Visa and MasterCard in 2003, to help hold out for a better deal.

“This is not a done deal,” Jeffrey I. Shinder, managing partner of Constantine Cannon, said in an interview on Sunday. “This structural relief is grossly inadequate. If Visa and MasterCard are going to continue to have the right to set interchange, which I don’t think they should have, you need much greater structural relief.”

Retailers have long protested the prices they have to pay for accepting credit debit cards, and the control Visa and MasterCard have over how those prices are set. The proposed deal announced Friday would settle price-fixing lawsuits that grocery stores and other retailers started filing in 2005. Under its terms, Visa, MasterCard several major banks, including JPMorgan Chase, Bank of America, Citibank and Wells Fargo, would establish a fund for $6.05 billion for roughly seven million merchants.

But Shinder says that if enough of the plaintiffs decline to sign onto the settlement, it could be over before a judge even gets to approve it. He pointed to the timing of the announcement – late afternoon Friday, on a day when many financial journalists had spent the day covering JPMorgan Chase earnings and their readers had already left for the Hamptons – as a strategic move to make the deal seem inevitable.

“The way it was done, Friday afternoon at 5:30, is a reflection of the fragility of the whole thing,” he says.

Any setback to the settlement would be a blow for Visa and MasterCard , which have faced mounting legal and regulatory challenges in recent years to how they set interchange fees.

The Durbin amendment to the Dodd-Frank Act fundamentally overhauled that system fordebit cards , but the proposed settlement does not go nearly as far for credit cards. Under its terms, the networks have agreed to temporarily reduce for eight months the level of interchange fees by 10 basis points, a benefit estimated by plaintiffs’ attorneysbe worth $1.2 billion.

Visa and MasterCard will also drop their “no surcharge” rules, which prohibited merchants from making customers pay extra to use their credit cards. Payments industry members and severalmedia stories have highlighted this portion of the proposed settlement, pointing out that it could translate into higher fees for consumers – much to Shinder’s dismay.

“What you would need to provide meaningful relief to the merchant community is something well beyond the anemic set of relief around surcharging. It’s a mirage and it’s a trap for the merchant community,” he says. “I think many merchants are going to be concerned about the PR ramifications.”

Shinder says that a more effective settlement preferably eliminate the card networks’ ability to “fix prices for their banks” and “failing that, the relief should include substantial interchange reductions and a meaningful ability to route to competing networks.”

The National Association of Convenience Stores hired Constantine Cannon late last week as supplementary counsel. The group said in a press release Friday that the proposed settlement fails “to introduce competition and transparency into a clearly broken market … [and] allows the card companies to continue to dictate the prices banks charge and the rules that constrain the market including for emerging payment methods, particularly mobile payments.”

Due to the overwhelming replies and inquiries VMS-Washington wants to help your business out by giving you rock bottom rates for your processing.  We also can help your business by giving you great rates for unsecured business loans with an 90% approval rate for start-ups and existing businesses.  Call or email us if you want to know more.

Michael Roberts

VMS-Washington
www.vms-washington.com
washignton@valuedmerchants.com
(800) 531.8575 ext. 697