Merchant Services Explained
Our Role in Your Business
In addition to setting up these accounts, we also supply owners with software and equipment they need to do to business, both in-store and, when necessary, online. It’s not just about the setup though, we are here for the long haul. Ask anyone, we are on it!
Why Businesses Use Us
Sure, a business owner could find a merchant account on their own…but finding the right one involves a lot of work. We do this for you! We handle all of this by researching different providers, evaluating and analyzing them, comparing pricing, making a lot of phone calls, and sorting through a lot of paperwork.
Look…we are in the business. We have long-standing relationships with different providers and know what each has to offer inside and out. Just like most would struggle to rebuild their car engine, most would struggle to find the right merchant services provider.
Quasius vs Big Name Online Services
We find that when we work with businesses that originally set up with an online service, that setup was quick and easy. Beware though, businesses frequently say that customer service ends after setup. Plus, it might seem like a good deal at the time, but the credit card processing fees are high. Smart business owners switch right away after Quasius reviews their services with them. The service is better, the equipment is better and the cost for in-person services is less. Most importantly, with an online service, it can be difficult to get in touch with someone should problems arise. With Quasius, there’s always someone to call with questions.
How it Works
When a customer uses a credit or debit card, that information is sent through a credit card terminal to the bank where the merchant account is set up. The bank then goes through a card processor to contact the card issuer, whether it’s the customer’s bank or credit card company. The card issuer then approves the transaction by checking the customer’s available funds and uses security checks to protect against fraud.
Once the transaction is verified, the card processor sends the information from the card issuer back to the bank where the merchant account is set up. The credit or debit card purchase is approved, and the sale is complete. All of this happens in a matter of seconds.
There are credit card fees charged by all these entities for their services, partially a result of what the business pays for merchant services.