Any business that wants to accept credit cards needs a payment processor. Even though the front-end process of paying with a credit card seems as simple and swiping or tapping your card, the back-end processing of the transaction is pretty complicated. This is handled by credit card processors like Unlock payment Services.
So, what exactly does a credit card processor do? Here is a step-by-step overview of how credit card processing works with:
The merchant (you) obtains the customer’s credit card information and submits it to Unlock Payment via a payment gateway. The payment gateway operates in the background and is just part of the complex setup that connects what happens at the POS with the actual transfer of funds.
Unlock Pays Services sends this information to the relevant credit card companies (such as Visa or MasterCard, American Express, and Discover) for approval. The credit card company either approves or denies the transaction and notifies Unlock Payment Services , finalizing the transaction with your customers.
Unlock Payment Services then sends a formal request to the customer’s card-issuing bank to send the funds to the merchant account (your bank account), also known as the acquiring bank.
There is no way for small businesses to coordinate all these parts of a transaction by themselves. Credit card processors like Unlock Pay Services can handle the complexity and process the transaction in seconds (although some may take longer) and charge a low fee for the service.
With Unlock Payment Services you can go from application to approval to saving within one business day. Please read the steps below, and let’s eliminate your business credit card processing fees forever:
1. As soon as we receive your online application, one of Unlock Payment Services small business processing experts will contact you for a quick call to guide you through the process. It is free and won’t take more than a few minutes. In addition to the application, all we need is a copy of your driver’s license and a voided check. A bank verification letter will work fine if you do not have a void business check. Once we receive that information, we will submit your file to underwriting.
2. Underwriting may ask for your last 3 months of business bank statements and merchant processing statements, but this is rare. Once approved, you will receive an email informing you of your approval. You will also be receiving a call from one of Unlock Payment Services US-based support representatives telling you about your acceptance.
3. If you require any equipment, it will be programmed and tested by Unlock Payment Services and shipped to your business location. A tracking number will be emailed to you upon shipment. Once you receive the equipment, please take it out of the box and set it up. It is designed to be plugged in and ready to use, but instructions and a support number are included if you need any help along the way.
Our Technology Calculates the Fee Multiple Terminal Choices With integrated reporting tools Next-Day Funding Available 24/7/365 Service and Support Compliant in All 50 StatesUpload Your Merchant Statements
In the last few years, the federal government ruled that merchants can recover payment processing fees by offering a cash discount. The Durbin Amendment, part of the Dodd-Frank Law opened the door for merchants to pass the processing fee to the customer. The secret is, that this is not a surcharge. Zero Cost Processing offers those who pay by cash, a discount.
Gas stations and governmental agencies have been using Zero Cost Processing for many years. Now, with Unlock Pays, it is available for all business types.
Zero Cost Processing is forever the future of accepting payments. For decades, processing companies have offered you a way to reduce your fees. Benchmark offers a solution to completely eliminate your fees.
We offer a complete line of contemporary products that fits today's business environments. We understand the products we sell, and know why and how each product works better for one merchant versus another. We'll help you choose the best product for your particular needs, at the best price.
Get the best payment processing solution for your business. It doesn’t matter if you are just getting started or already processing millions with credit cards. We provide Zero-Fee Merchant Processing for all businesses that want to accept credit cards as a form of payment.
Unlock Pays teamed up with the best payment processors in the USA to offer zero-fee merchant processing for all businesses. Stop paying credit card processing fees and get 100% of your revenues the next business day. Apply now for the cheapest credit card processing in America.
Here at Unlock Pays Services we have helped restaurant owners to eliminate credit card processing fees. Here’s what we’ve learned: There are four factors that have had a significant negative impact on restaurant profitability:
Processing fees: On average, restaurants pay 3.5% on each transaction for credit card processing.
Delivery fees: Delivery and carry out services, which have been growing in popularity, take around 20% of the revenue for the sales they handle.
Staffing pain: Worker shortages mean having to pay higher wages to recruit and retain employees.
Supply problems: Even as the supply chain has started to return to normal, inflation has been driving up the cost of ingredients sharply, especially for meat.
Out of the these four factors, processing fees is the easiest one to address. The average profit margin for restaurants is about 5%. If you’re a restaurant owner, eliminating processing fees with unlock Pay Services, this allows you to grow your profit margin by 70% over night. By the next business day, you can be receiving 100% of your revenue.
With mobile, portable, and desktop options seamlessly communicating through all channels saves you time and effort.
Turn site visits into sales with a complete solution from one-click checkouts, recurring billing, mobile ordering, and more.
Keep your team efficient and reduce long queues in busy stores with mobile payment solutions.
Our team is a team you can trust. Our experts are standing by to help you right now!
Unlock Pays helps a wide range of industries nationwide with a Merchant Processing. Don't let your business die out, contact us and we will help! Broswe some of the popular industries we work with.
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Unlock Pays offers a complete line of contemporary products that fit today's business environments. We understand the products we sell, and know why and how each product works better for one merchant versus another. We'll help you choose the best product for your particular needs, at the best price.
Our industry experts help merchants navigate the complicated matrix of ever growing and dynamic world of high risk processing.
With UnlockPay's multi-processor relationships we are able to place your high risk business with the merchant account that best suits your business.
• Industry known for having a high instance of chargebacks or fraud.
• Previously being declined, or shut down, by a merchant processor.
• Offshore operations – international merchants doing business in countries where they are not primarily based.
• High number of chargebacks.
• Industry classification – merchant category code (MCC).
• Questionable products and/or sales and marketing tactics.
• Non-compliance with card brands
Our business experts work with you to make sure you have all the help and support you need. We have worked with over 986 businesses nationwide. Call us today and get the help you deserve.
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Ft. Lauderdale, Florida 33311
