Sage Credit Card Processing

Offering your customers the opportunity to pay with a credit or debit card makes it easier for them to buy.

• Studies show that accepting credit cards increases sales by 15% to 50%.
• There are over 641 million credit cards in circulation.
• Credit card customers are impulse buyers – BE READY!
• Americans are expected to charge $3.9 trillion to credit cards and $1.4 trillion to debit cards a year by 2009.

Sage Payment Solutions provides complete credit card processing for Visa®, MasterCard®, American Express®, Discover®, Diners Club®, JCB, Debit/ATM, and private label cards for retail, mail order/telephone order and Internet businesses. With credit card processing, value added services include merchant account origination, 24 hr. customer service, equipment and supplies, voice authorization and both online and paper statements.

Features and Benefits

• Great low rates
• Prompt credit card processing of merchant funds
• No equipment purchase required
• Reliable 24/7 Customer Service - Free!
• Quick merchant account approvals
• Secure 24/7 on-line transaction reporting
• Loss prevention specialists protect your business
• Voice authorization services
• Retail, MO/TO, and Internet solutions

Debit Card Payment Processing

Debit card transactions have become overwhelmingly popular in the past few years.  There are two types of debit transactions, PIN (online) and signature (offline).  Both deduct funds from the consumer’s checking account.  It is beneficial for businesses who see customers in person to accept both debit types, whereas businesses who do not see their customers should accept signature debit.  The more payment options businesses provide their customers, the better.

PIN Debit

With PIN debit, the customer selects "Debit" as the payment method and then after the card is swiped must enter their Personal Identification Number (PIN) into an encrypted pin pad at the point-of-sale (POS) terminal to authenticate their identity.  The transaction is transmitted through the electronic funds transfer network and the funds are deducted from the consumer's checking account within seconds.

Benefits:

• Fast settlement of funds
• Reduced chargebacks
• Increased security with PIN debit rather than signature debit transactions
• Less expensive for merchants than signature debit (generally)
• More secure and fewer fraud losses as compared to signature debit transactions

Signature Debit

With signature debit, the customer selects "Credit" as a payment method because the transaction is transmitted through the Visa or MasterCard networks and provides a signature after the transaction goes through.  The funds are then deducted from the consumer's checking account.  The only authentication is if the consumer is asked for picture ID.  Signature debit is sometimes less expensive to consumers than PIN debit, as some banks charge users for PIN based purchases.

Benefits:

• Ability to make debit purchases over the Internet, phone, by mail or at the POS
• Fast settlement of funds - the same as credit cards