Credit card companies are notorious for ripping off both retailers and consumers. Between rising interest rates, hidden fees, and sudden rate changes without notice, acceptance of credit cards can be an annoying, dizzying and costly process. But the reality is that many shoppers still pay with credit cards, so retailers have to offer that payment option or risk losing their customers.
National Retail Solutions (NRS) is warning customers to check their services carefully and to not get ripped off by credit card companies. Elie Y. Katz, founder, president and CEO of NRS offers some valuable advice to retailers on how to choose the right credit card processing company:
- Use an honest company, ideally backed by a reputable parent company, that is transparent and offers live, accessible customer support.
- Check statements regularly and carefully to ensure accuracy and adherence to contractual terms. Look for unknown fees and fluctuations to standard patterns. Money in and money out should be consistent with sales data and if an unknown debit to a bank account is detected, investigate it right away.
- Consider reducing processing fees with a surcharge program that offsets the fees to customers. These programs are often bundled with or promoted as a cash discount program.
NRS PAY is a service of National Retail Solutions, a division of IDT corporation, which has provided products and services to over 40,000 retailers nationwide. Since the founding of National Retail Solutions in 2015, over 10,000 NRS point-of-sale systems have been deployed across the United States. NRS PAY was founded to provide credit card processing that optionally, seamlessly integrates with the POS.
The recently launched FeeBU$TER credit card processing solution can help retailers eliminate up to 100 percent of their credit card processing fees. The merchant simply pays $49.95 per month and 3.95 percent per transaction (that monthly fee is waived with $18,000+ per month processing volume). The customer pays the merchant 3.95 percent on credit transactions, therefore offsetting the fee. This simple and clean exchange can help make both you and the customer happier.
NRS PAY is a trustworthy, honest, and transparent credit card processing company that cares very much about the retailers they serve. The card reader is free, and there’s no long-term contract or early termination fees. When integrated with the NRS POS system, customers can enjoy a “one-stop-shop” with seamless customer support. For more information and free quotes, visit nrsplus.com/nrspay or call 833-289-2767.
National Retail Solutions
520 Broad Street
Newark, NJ 07102