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I already
have a merchant account. Can I
use it for my mobile transactions?
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No. In order to
achieve all of the functionality
within our PC and mobile solutions,
specialized programs and servers
have been implemented at our processor.
Without the support of these servers
and programs, our system could
not offer all the features and
functionality that it does. |
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Who can use this
service? |
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This product is
perfect for any U.S. business
that performs sales or service
away from the office. From the
gardener who mows your lawn, to
the nationwide chain that delivers
your pizza, Our mobile and PC
technologies allow individuals
and corporations to deploy inexpensive
devices that multiply their sales,
and increase their cash flow.
From now on, whenever you take
a taxi, call a locksmith, have
your broken window repaired, or
have your drains unclogged, you
will see the opportunity this
product represents. |
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What is the Swiped
Rate? |
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When you use a card
reader, the bank knows that you
have the credit card in your hand,
have checked the cardholder's
identification (you are required
to do this), and the cardholder
is present to give you a signature
(you need to do this too). This
makes for a much safer transaction,
for both you and the bank. In
return they offer a much better
discount rate on your transaction,
1.69% instead of the standard
2.2%. This is called the Swiped
Rate. You are probably asking
why you cannot get this better
rate if you enter the data yourself.
The bank will not allow this.
The reason is that unless the
data encoded on the magnetic stripe
is transmitted to the bank at
the time of the transaction (information
that does not appear on the face
of the card), they cannot be absolutely
certain that you have the card
in hand. |
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Will I be approved? |
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Merchants have the
ability to enter numbers on a
PC, PDA, or terminal, and MONEY
will appear in their account.
This represents a potential loss
to the bank in the case of a dishonest
merchant, Therefore, accounts
are approved based on reasonable
credit qualifications. Higher
volume applicants may be asked
to provide additional information,
but we will TRY to approve everyone.
If your credit is marginal, they
may approve you for a lower volume,
request a co-signer, or use other
means to get you approved. WE
DO NOT CHARGE HIGHER RATES FOR
MARGINAL CREDIT, the underwriters
will either accept or decline
an application based on credit
and business type.
In addition, it is against VISA
regulations to issue an account
to anyone on the MATCH List (formerly
known as the TMF, or Terminated
Merchants File). |
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What about high-risk
businesses? |
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We can accept some
high-risk businesses, however
gambling and pornographic sites
need not apply. Websites that
display any nudity or contain
links to sites that do will not
be accepted by the bank. |
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Can I sign up without
a business checking account? |
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Yes. The processor
has agreed to allow MerchantAnywhere.com
members to process with a personal
bank account and can change the
bank account at any time by simply
faxing a voided check to MerchantAnywhere.com
from the new bank account. This
is for sole proprietors and partnerships
only. Corporations
must have a business account. |
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Can I sign up without
a business name? |
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Yes. Your registered
Legal business name will be your
name as it appears on your social
security card, but you can have
your merchant account set up as
"Your Name Enterprises"
or "Your Name and Associates."
Whatever name you use as your
DBA name, corporate or otherwise,
make sure that your customers
know that your DBA name, will appear
on their credit card billing statements |
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I just opened (or
am going to open) a checking account.
Can I use my temporary checks? |
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No! However, when
you go to the bank to open your
account (and many businesses open
an account just for their credit
card processing), just get a letter
from the bank manager, stating
the account name, account number,
and the bank's transit (ABA or
Bank Routing) number on the Bank's
letterhead. You can include that
in your application instead of
waiting for your imprinted checks. |
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What credit cards
can I accept with this system? |
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Visa and MasterCard
are automatically approved. MerchantAnywhere.com
will also apply for (at no additional
cost), American Express, and Discover
merchant accounts, although everyone
is not automatically approved.
Amex and Discover will set their
own rates with you directly, and
we have no influence or control
over these. In addition, Discover
has recently begun to charge its
new merchants $25 upon acceptance.
This is a direct charge from Discover
over which we have no control. |
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When do I receive
my funds? |
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In most cases, funds
are available in the checking
account you specified within two
to three business days after your
transactions are batched (reconciled).
We will automatically process
your batch for you every business
banking day, so you can't forget
This can save you time and help
you get your funds faster |
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Why would I want
to accept credit cards? |
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For any business,
credit cards give your customers
time to pay, and funds to pay
with. They allow impulse purchasing,
and credit customers tend to purchase
more premium items/brands and
larger quantities. In all respects,
the ability to accept credit cards
increases the ability of businesspeople
to make sales and profits.
By enabling businesses to accept
credit cards not only in their
office, but anywhere their business
takes them, and at a fraction
of the traditional entry cost
for terminal equipment, nSwipe
is primed to work in not only
into the small / home/ mobile
business market, but can be implemented
by large organizations with mobile
sales forces, such as taxi/limousine
services, pizza/food delivery,
towing/roadside assistance and
messenger/delivery services. |
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| MOG
Swipe for Nextel |
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What is MOG Swipe
for Nextel? |
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MOG Swipe is a Merchant
Terminal Program that uses your
Nextel phone's Internet connection
to authorize and transfer funds.
MOG Swipe is fully compatible
with any Condor series Nextel
phone (i30 - i90), or Falcon series
phone (i205 - i830) with an Nextel
Online service. Available with
a flat-rate merchant account,
with a lower price than most wireless
plans, and with no setup, application,
cancellation fees, this package
is truly a complete solution for
the businessperson in the field
who wants to increase their business
by accepting credit cards. |
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What is a Magnetic
Card Reader, and why would I want
to use one? |
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A Magnetic Card
Reader is a device that attaches
to a PDA or cell phone and actually
'reads' the information off the
magnetic strip on the back of
all credit cards. When you use
a Card Reader, all of the cardholder
information is entered for you,
making the transaction much, much
faster. (T9 is nice, but it can
be slow). Best of all, when you
use a Card Reader, the bank gives
you a better discount rate. This
is called the Swiped Rate. |
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