You can have it all

Debit Only

This is a special program which is being used in places where the merchant feels the customer will be willing to pay a fee for the convenience of using their debit card. There is no credit card processing with this system. You do not have a typical merchant account, although you will still use a Point of Sale (POS) system.

The biggest user of this concept so far has been the fast food industry. The advantage obviously is that you make money on the transaction instead of paying a fee per transaction.

Here's how it works. It is only applicable if you are taking debit cards and not credit cards, otherwise a customer would say that they want to run a debit card like a credit card transaction. You cannot surcharge a credit card transaction, but you can a debit card transaction.

What a business does is to put up a sign that says they have for example a 90 cent convenience fee for using a debit card to pay. The customer is then forewarned and if they still want to use their debit card, which oddly enough, they often do, then the business owner will receive a part of that transaction fee back as a payment. One advantage is that the these purchases are typically higher than your average transaction.

This sounds good, but the drawback is that customers can be unhappy with this. Still, they do get use to this and of course it is only offering them a choice. Many customers appreciate the option and actually come just to be able to use their debit card. They do not have to use their debit card, and often they appreciate the opportunity over the cost.

Debit card transactions are quick transactions. Even without the benefit of the money the merchant receives from the transaction, these transactions are often less expensive than even cash or check. Cash has to be counted and disappears, and checks need to be counted and cashed and some bounce. Debit transactions never bounce.

You can offer cash back which is appreciated by the customer. You will get a signage kit to advertise the program. You will need one dedicated phone line for each two terminals you are using.

We have excellent credit card machines and credit card terminals for you to choose from. You deserve an economical credit card processing account for your POS circumstances, which we would be able to help you with. Acceptance Services is a merchant account provider with extensive experience in helping businesses open their merchant accounts.

Call us and we can help: 888-737-8433 .

A.C.C.S. Corporation, Fairfield, IA 52556

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Spectrum Merchant Services is a registered ISO/MSP of JPMorgan Chase Bank, Hicksville, NY and of BancorpSouth Bank, Tupelo, MS.
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