Compare Costs at Go Texas Bankcard.com from The Texas Business Development Center (866) 258-7095

Toll Free:	(866) 258-7095
Fax:	(800) 796-7196

Compare the Costs That Most Banks Charge to What You Could NOT Be Paying

Below is a comparison of traditional Credit Card Services alongside the TBDC Program. Click on the Blue Words in the chart below to jump to the description. When you add up everything, equipment, monthly fees, transaction fees, hidden costs and qualifying fees you end up paying a total of 5-8% or more of the total sale amount for your credit card transactions. With the TBDC program you pay only 3/10ths of 1% over Interchange with no hidden fees or surprises.

	BANKS	TBDC
ACTIVATION FEE Cost to setup with Fed Clearing Center	$ 175.00	NONE
APPLICATION FEE Cost to complete bank paperwork + approval	$ 125.00	NONE
QUALIFIED PROCESSING RATE Rate for Trans swiped thru a POS Terminal	1.79 %	Cost + 3/10 of 1%
MID QUALIFIED RATE Added to the qualified rate (conditions)	+ 1.59 % = 3.38 %	NONE
NON QUALIFIED RATE Added to qualified rate (conditions)	+ 2.39 % = 4.18 %	NONE
TRANSACTION FEE All transactions / 100 trans = $25 mo = $300 yr	0.25 cents	0.00 - 0.20
ADDRESS VERIFICATION (AVS) All transactions / 300 trans = $90 mo = $1080 yr	0.30 cents	NONE
VOICE AUTHORIZATION All phone trans / 10 trans = $7.50 mo = $90 yr	0.75 cents	NONE
BATCH OUT FEE Every time performed / 30 days = $10.50 mo = $126	0.35 cents	NONE
STATEMENT/MAINTENANCE FEE Itemized statement ea month / $25 mo = $300 yr	$ 25.00	NONE
MONTHLY MINIMUM FEE Charged if bank profit not $25 / $25 mo = $300 yr	$ 25.00	NONE
EQUIPMENT COST Buy or Lease / Buy $900 or Lease 48 x $69 = $3312 yr	$ 900.00	NONE
ANNUAL FEE + OTHER HIDDEN FEES Per year cost / Up to $1250 per year	$ 1250.00	NONE

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ACTIVATION FEE

This is the cost to set your merchant number up with the Federal Clearing House so your credit transactions are sent to your bank

APPLICATION FEE

The cost that is charged to complete and submit all the paperwork to the bank

QUALIFIED PROCESSING / DISCOUNT RATE

A percentage of the sale Fee Charged by the Bank on every sale to process you CC transaction. Example: if at 1.59% there is a $1.5 charged for a $100 sale To be qualified transaction the card must be swiped through an electronic terminal, Address verification is performed and it is batched out with 24 hours after the transaction.

MID QUALIFIED RATE

This is added to your qualified Process Rate (Add 2.3% to the Qualified rate making these transactions 3.19%)

NON QUALIFIED RATE

This is added to your Qualified Process Rate (Add 2.3% to the Qualified rate making these transactions 3.89%)

TRANSACTION FEE

Charged to obtain the authorization number for a credit card transaction.

ADDRESS VERIFICATION (AVS)

Charged to perform an Address verification which verifies the address and zip code proved at the time of the sale matches the card issuing banks. With most banks and merchant providers, use of the AVS* system is required in order to avoid non-qualified transaction surcharges (typically an additional 2% added to the standard 1.59% making it 3.59%); accepting a transaction involving an AVS mismatch response or may not cause a non-qualified transaction surcharge to your merchant agreement with your bank or merchant provider.

VOICE AUTHORIZATION

Charged every time you call Visa + MasterCard to get a manual voice authorization code.

BATCH OUT FEE

A fee charged every time you "batch out" sending all your authorizations to the bank so you can get paid for the transactions, a daily function. You also need to close the batch each day (batch out) you have a transaction, if not batched out any transaction within 24 hours it falls into the Non-Qualified Transaction Rate for all that were not batched, and if batched after 2 days it becomes a Non Qualified.

STATEMENT FEE

Monthly fee charged to produce a monthly accounting of all credit card transactions. MONTHLY MINIMUM FEE This is a set monthly amount the banks need to collect from the processing fees. If it is $25 then at 1.69% you must do $1595.00 in credit card sales to avoid paying the fee.

MONTHLY MINIMUM

Monthly fee charged each month if a minimum of processing is not done by the merchant.

EQUIPMENT COST

Cost to buy or lease an electronic credit card terminal.

ANNUAL FEE

A yearly fee charged to maintain a merchant account, has also been called a Subscription fee, Postage Fee and Membership Fee.

OTHER FEES

Sometimes there are so many fees it is hard to keep track of them all, Click Here to see more "hidden" fees banks and processors charge for you to accept credit cards.

Texas Business Development Center's Business Bankcard Division

Pivotal Payments is a registered ISO/MSP of Merrick Bank and Bank of America

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The Texas Business Development Center working with Visa, MasterCard, American Express, Discover, and major International banks provide Texas State Registered Businesses Interchange plus pricing, like the big companies receive saving you hundreds if not thousands of dollars each month. We have already saved hundreds of millions of dollars for all size businesses in the great state of Texas .

We Guarantee to Reduce your costs, rates, transaction fees. Free setup for additional card services including - debit, gift/loyalty cards, check processing, Cash Advance to 1 million dollars. Free ecommerce gateway set up No hidden fees, no escalating rates, no exceptions. As a direct to bank processor, we can offer you the lowest in processing rates for your business type. We will consult with you to determine the most efficient and cost-effective way for you to manage your payment processing. If your business is paying for your ecommerce gateway we can remove these fees saving your business considerable money in fees. We offer the most competitive rates in the industry while offering complete service to your business as well as opportunities to save time and money by processing smartly. No hidden fees, no escalating rates, no exceptions. We will review your current processing costs and provide you a Free savings analysis! Save money on rates. Save money on equipment. We guarantee it in writing. Free Savings analysis. Receive the lowest credit card processing rates in the country! Discover how our credit card merchant account services can start saving you money now. See why 81.4% of our current customers have switched to us from another credit card merchant account provider. Whether you are a Fortune 500 retail chain or a home-based business, you'll enjoy outstanding benefits and incredibly low rates with our credit card processing merchant account services. We'll even meet or beat your current provider’s processing rates - guaranteed. Why not apply for your credit card merchant account services right now? Many accounts are approved in 24 hours – so you can be accepting all major credit cards including Visa, MasterCard, American Express and Discover within one business day! Discover how you could be paying less for your credit card merchant account services. Applying for your credit card processing merchant account is easy and risk-free! Want to save even more money with your credit card processing merchant account? We've eliminated application fees, set-up fees and annual fees, saving your business hundreds of dollars. Stress-free merchant account services make accepting credit cards a snap. Your business doesn't have time for downtime. If you have questions about your credit card merchant account, you need answers – fast. That's why our merchant account customer support team is available to you 24 hours a day, 7 days a week. Call (866) 258-7095 to speak to a representative.

BANKS

Cost to setup with Fed Clearing Center

$ 175.00

NONE

Cost to complete bank paperwork + approval

$ 125.00

NONE

Rate for Trans swiped thru a POS Terminal

1.79 %

Cost +

Added to the qualified rate (conditions)

+ 1.59 %

= 3.38 %

NONE

Added to qualified rate (conditions)

+ 2.39 %

= 4.18 %

NONE

All transactions / 100 trans = $25 mo = $300 yr

0.25 cents

0.00 - 0.20

All transactions / 300 trans = $90 mo = $1080 yr

0.30 cents

NONE

All phone trans / 10 trans = $7.50 mo = $90 yr

0.75 cents

NONE

Every time performed / 30 days = $10.50 mo = $126

0.35 cents

NONE

Itemized statement ea month / $25 mo = $300 yr

$ 25.00

NONE

Charged if bank profit not $25 / $25 mo = $300 yr

$ 25.00

NONE

Buy or Lease / Buy $900 or Lease 48 x $69 = $3312 yr

$ 900.00

NONE

ANNUAL FEE + OTHER HIDDEN FEES

Per year cost / Up to $1250 per year

$ 1250.00

NONE

This is the cost to set your merchant number up with the Federal Clearing House so your credit transactions are sent to your bank

The cost that is charged to complete and submit all the paperwork to the bank

QUALIFIED PROCESSING / DISCOUNT RATE

This is added to your qualified Process Rate (Add 2.3% to the Qualified rate making these transactions 3.19%)

This is added to your Qualified Process Rate (Add 2.3% to the Qualified rate making these transactions 3.89%)

Charged to obtain the authorization number for a credit card transaction.

Charged every time you call Visa + MasterCard to get a manual voice authorization code.

Monthly fee charged to produce a monthly accounting of all credit card transactions. MONTHLY MINIMUM FEE This is a set monthly amount the banks need to collect from the processing fees. If it is $25 then at 1.69% you must do $1595.00 in credit card sales to avoid paying the fee.

Monthly fee charged each month if a minimum of processing is not done by the merchant.

Cost to buy or lease an electronic credit card terminal.

A yearly fee charged to maintain a merchant account, has also been called a Subscription fee, Postage Fee and Membership Fee.

Sometimes there are so many fees it is hard to keep track of them all, Click Here to see more "hidden" fees banks and processors charge for you to accept credit cards.