SYNERGY BANKCARD GROUP LLC.
SYNERGY DEBIT & CHECK CARDS: WHAT YOU DON'T KNOW CAN HURT YOUR BUSINESS!
One way to help a merchant's business is with immediate savings. Most merchants process check cards just like credit cards. But over one-third of merchants "credit card" transactions may really be check card transactions. That is a big problem because they are paying a significantly higher processing fee than they should on those transactions. Properly processing a check card transaction can cut a merchant's processing fee in half. SBG will help merchants save that money.
MERCHANTS MAYBE MISSING SALES.
The second way to help a merchant's business is by expanding the number of payment options they can accept. With SBG a merchant will be able to accept debit card transactions. With over 8 billion transactions per year made using debit (ATM) cards, merchants need to accept this form of payment! Not only will merchants have the ability to accept all forms of payment, they will be able to accept debit cards so they can avoid excessive and unnecessary fees.
WHAT IS A PIN AND WHY SHOULD MERCHANTS CARE?
Debit and check cards are issued by financial institutions just like credit cards. But unlike credit cards, debit and check cards provide access to checking or savings accounts of the cardholder. The success of the transaction depends upon the availability of funds in the account being accessed, not the cardholder's credit worthiness. The funds for the transaction are drawn directly from the customer's bank account. The personal identification number (PIN) is the security measure used to prevent unauthorized access to the cardholders accounts. The PIN pad or the PIN enabled terminal contains a "key" used to encrypt the customers PIN during the transaction. This PIN encryption key is programmed by a processor on the POS equipment prior to its deployment.
The ability to enter a PIN is what allows the merchant to dramatically lower your processing fee for that transaction. At the same time once merchants have the ability to accept PINs, SBG will set them up to accept all regional and national debit cards.
SYNERGY DEBIT AND CHECK CARD SERVICE
IS A BASIC NECESSITY FOR A MERCHANT'S BUSINESS .
The use of debit cards and check cards are so widespread in retailing today that not processing those transactions properly is like burning money. SBG debit and check card service merchants will have complete coverage.