Let Paynet Systems help your business process credit card transactions

By Jeremy M. Simon

Paynet Systems provides the credit card processing and merchant account services your business needs to compete in today's marketplace -- regardless of whether you run a retail store, wholesale, mail/phone order or e-commerce operation.

For retail merchant accounts and wireless merchant accounts, Paynet Systems charges a Visa/MasterCard qualified rate of 1.59 percent. Additionally, the cost per transaction is 25 cents, while the monthly service fee totals just $10. Meanwhile, there are no cancellation fees, monthly minimum requirements, annual membership fees or daily batch fees.

Mail/phone order and home-based businesses, as well as e-commerce and Internet merchant accounts, pay a Visa/MasterCard qualified rate of 2.19 percent. These businesses are charged a 25 cent fee per transaction and a monthly service fee of $5, without any cancellation or annual membership fees.

Meanwhile, if your business requires a customer merchant service solution, Paynet Systems will build it for you. More than 95 percent of new merchant accounts are accepted, and approval generally takes place in less than 24 hours.

Published: March 13, 2007

	Three most recent Merchant accounts stories: Merchant debit card swipe fees rise for small dollar purchases – Merchants that accept debit cards for purchases under $15 are learning of one fallout from the new federal cap on debit card swipe fees: Their costs will rise because the card networks have dropped the small-ticket-item discount ... How credit card transactions work – This interactive graphic shows what happens when you swipe a credit card, from the merchant to the processing network to the issuing and acquiring banks ... 5 steps to avoid ID theft at the register – Here are some steps you can take to make sure that you aren't victimized by credit card fraud when using your card in person at a retailer ...

	CreditCards.com's newsletter Did you like this story? Then sign up for CreditCards.com’s weekly e-newsletter for the latest news, advice, articles and tips. It's FREE. Once a week you will receive the top credit card industry news in your inbox. Sign up now!