THE STONE GROUP
1981 MEMORIAL DRIVE
Suite #223
CHICOPEE, MA 01020
Michael J. Stone
phone(413) 726-9095
toll free: (866)615-6698 Mike@BuildaBetterWorkforce.com
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| | Credit Card Processing Vendor Application
Making an informed decision can only happen with the right information. In an industry so dominated by unregulated and unsanctioned resellers the right information has been nearly impossible to uncover.
The entire Merchant Services Business Model has been so designed to benefit the resellers at the Merchants Expense.
With less than 20 companies that actually process Credit Card transactions and more than 16,000 reselling the services any chance of finding accurate information is dilluted by the incessant parade of Merchant Service resellers promoting some new bogus rate plan or equipment promotion.
By downloading this Credit Card Processing Vendor Application you will now be armed with the right questions to ask.
Did you know "What's Your Rate?" is the Number One Worst Question you can ask of a Merchant Services Reseller?
By asking this one question you present the one opportunity to hide the lies while maintaining the appearance of telling the truth.
You will here some ridiculous low rate, often followed by the phrase, "this is the lowest rate I am allowed to offer you." What that translates to is "According to my agreement with the MasterCard and Visa Association, that is as far as I am allowed to stretch the truth."
If you were to perform a full assessment on that "Great Rate" you would likely discover that great rate only applies to 10% of your volume while the other 90% is being surcharged by as much as 2% higher. So while you are receiving that 1.59% discount rate on 10% of your volume, 60% is being billed at 3.59% or even higher.
Here is How this Works...
The next time someone comes in to ask about your Merchant Services simply smile and hand them a copy of the attached Application.
Let them know that the application must be completed prior to setting an appointment.
If you get phone calls:
Simply ask them for their fax number and fax them the attached application.
Again, remind them that you would consider scheduling an appointment only after they completed and returned the attached application.
I Guarantee you that more than 50% of the people that receive this application will never contact you again.
Make several copies and keep them by your terminal. Make your employees aware of your new policy.
No longer will you be interrupted by a Merchant Services Salesperson.
If, on the rare occasion that someone does answer all of the questions, you will have the opportunity to make a quality decision because you will have all of the neccessary information.
Feel free to share this with your friends, or better yet send them to this site to download there own copy.
Remember; I am your advocate and I can help you make an informed decision when it comes to Merchant Services, Payroll, and Check Management.
If you have questions regarding the Credit Card Processing Vendor Application feel free to contact me. I would be happy to assist you.
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