MerchantOnline, a Florida based real-time credit card service provider, has just revolutionized buying and selling on the Internet. They have made the transaction processing virtually free, and it may be a great gimmick that will appeal to you as a regional bank or ISO.
They have become the first company to offer free processing on credit card purchases handled through E-Commerce. This program will allow banks/ISOs to offer their customers free processing. Whether their clients have one transaction or one hundred thousand transactions per month, with the basic MerchantOnline processing program the banks/ISOs will pay not one penny in processing fees! (Note: This is NOT talking about the discount rate, but rather the "gateway" or transaction costs.)
Banks and ISOs will have an initial one-time setup fee of $69.00 per client. Afterward, through the life of the agreement, they can set their own rates for their customers. Optional programs are available for advertising, marketing, fraud protection, and other services.
The basic MerchantOnline processing package includes: virtual terminal to process phone/fax/mail orders; system generated e-mail to merchant for all approved sales; e-mail receipt sent to each customer upon approval of the transaction; automated monthly re-billing feature; automatic password generation for sites with private access; automatic batch closing at specific times merchant selects; address verification service (AVS); back office to access account history; and remote mode ñ with no complicated installation required.
MerchantOnline is located in Boca Raton, Florida. For more information, check out their Web site at www.merchantonline.com or call (561)395-3585 or e-mail sales@merchantonline.com.
