SwiftPay Systems http://www.swiftpaysystems.com Advanced payment processing Tue, 11 Jul 2017 14:09:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.6.7 How to save on Credit Card Processing Fees http://www.swiftpaysystems.com/how-to-save-on-credit-card-processing-fees/ http://www.swiftpaysystems.com/how-to-save-on-credit-card-processing-fees/#respond Sat, 19 Nov 2016 18:42:12 +0000 http://www.swiftpaysystems.com/?p=91 It can be difficult as a business owner to decide on what payment solutions vendor you want to use. Often times there can be hidden fees, upcharges and unannounced rate changes to worry about. However, there are a few things that you can do to help you get the best rate for your credit card processing, saving you (potentially) thousands of dollars over the long period.  Here are a few tips to keep those transaction fees down.

Choosing an Integrated Payment Solution

Generally speaking; the number of steps that a transaction needs to go through before being processed usually directly affects the total amount that you pay in fees per transaction.  Depending on the circumstances, there may be several ‘hops’ between making the sale and getting paid.  By choosing an integrated payment solution, you can reduce the potential for duplicate entries, errors in the system and having to pay for multiple gateway providers.

Understanding the Fees Involved

Before signing with any provider, it’s important to have an understanding of all of the fees that could be associated.  You might have to go digging through the fine print in the contract a few times before you can catch them all, and knowing where your money is going will likely make a big difference in choosing who to process with.  Before signing any vendor contract you should be sure of what you’re getting into and how the competition compares to any one vendor.

Choose a provider that will work with you

This may sound strange but it’s true; not all credit card processing vendors are out to help you grow your business.  It’s important to find one that understands the state of the industry that you’re in as well as your plans to grow the business.  If they are only after making the sale and bringing you on as a customer they may not have your best interest at heart.  You should try to choose a vendor that knows your needs and can help you grow rather than hinder the progress that you’re making.

Learn about different types of Processing Rates

Rates depend on how the card is processed and the perks it offers its user.  For example; a credit card that offers rewards points to the holder will likely cost more to process than one that doesn’t.  These rates are called interchange rates, and it’s the raw cost to credit card processors. These fees will be passed on to you, the merchant. Credit card processing companies make their money in the amount they price you above interchange and their bank costs.  It’s something to keep in mind when considering who you want to use for your credit card transaction processing.

The Swiftpay Difference

When all’s said and done, there are quite a few variables that can determine the amount of money that you spend on paying credit card processing fees.  With Swiftpay; not only do you get great 24/7 tech support, but we also offer some of the lowest transaction fees in the industry.  Without any hidden fees, you can make sure that you know exactly where your money is going and how much you’re going to get paid, rather than playing the guessing game.  We also offer state of the art technology and a next day funding system, so you won’t have to wait around for your cards to be processed; everything that you sell for one day is paid in the next.  No hidden fees, no guesswork, and Swiftpay.  

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Why Swiftpay is the right CC Processor for Your Business http://www.swiftpaysystems.com/why-swiftpay-is-the-right-cc-processor-for-your-business/ http://www.swiftpaysystems.com/why-swiftpay-is-the-right-cc-processor-for-your-business/#respond Sat, 01 Oct 2016 11:37:45 +0000 http://www.swiftpaysystems.com/?p=53 Swiftpay Systems is the right Credit Card Processor for You

Swiftpay Systems is a cutting edge technology suite truly built for a modern world. Thousands of merchants have made the switch, and we’ve helped our customers save millions of dollars vs. traditional payment processing systems. Why are so many companies making the switch?


It starts with the simplicity; the peace of mind knowing that you have your finger on the pulse of exactly where your money goes and where it’s coming from. Some other credit card processing companies hide fees, leaving you, the business owner, potentially unaware that they are paying too much for these fees. With Swiftpay; your fees are transparent. There are also no extra account fees, surcharges, PCI fees (for those that are PCI compliant), service fees, statement fees or any other type of utterly unnecessary fees that can bleed you dry as a merchant and slowly eat into your profit margin. This translates into real savings for you and allows you to run your business more efficiently as a result.


What does all of that saving on fees add up to? Well, in the case of the average merchant; we typically save them thousands each year in processing fees. What’s even better is that the more you process, the more you save. It’s not uncommon for larger businesses to routinely hit a savings in excess of $10,000 per year with Swiftpay. As a matter of fact; one of our top merchant accounts is saving $1,000,000 per year!


We offer unmatched flexibility with your choice of hardware, too. Not only do we offer the latest terminals at a wholesale cost to our customers, but we can reprogram your current POS system to use Swiftpay free of charge. Not interested in buying new equipment from us? No worries! We offer virtual terminals as well; allowing you to process cards from a laptop, PC or from anywhere in the world you might happen to be.

The Total Package

All of this adds up to a compelling package that plenty of merchants are happy to make the switch to every year. With most approvals taking 24 hours, making the switch is dirt simple, fast, efficient, and will save you thousands of dollars on average every year. Starting to see why Swiftpay is the right system for you? Good! Join the Swiftpay revolution, and get started with us today.

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Why the US is Playing Catchup with EMV http://www.swiftpaysystems.com/why-the-us-is-playing-catchup-with-emv/ http://www.swiftpaysystems.com/why-the-us-is-playing-catchup-with-emv/#respond Sat, 01 Oct 2016 03:43:08 +0000 http://www.swiftpaysystems.com/?p=56 EMV Technology

If you live in the US, chances are you’ve probably gotten a new card in the mail recently by your credit card provider. While it can be a nuisance to switch your payments over to the new card, the move to EMV, or chip-and-pin, is an important one for security and fraud protection. But what you may not realize is that chip-and-pin technology has actually been around for several decades and is the de-facto standard across most of Europe. So why is the U.S. playing catchup?

Cost and Liability

The first major driving factor that caused the adoption of EMV technology to lag is the cost often associated with making the switch. If a merchant has to buy a new terminal; that cost may not be a small investment for them. This follows precipitously with consumers as well; if there are no EMV readers, there’s no demand to switch to the new cards. If there’s no demand to switch to the new cards, there’s no incentive for the merchant to switch, and so on.

The second reason for merchants not wanting to make the switch is the liability for fraud. When a fraudulent credit card transaction is completed and later refuted by the legitimate owner of the card, it triggers something called a chargeback. This is when the consumer gets their money back for a purchase that they never made. Typically, the responsibility would be on the bank, and NOT the merchant, to absorb the loss of the transaction. As a result of this; merchants were never on the hook if something happened with a transaction, so there was less of a concern about consumer protection knowing that they would never be responsible for what happened anyway. However; that all changed in the past year.

The Liability Switch

The United States is responsible for nearly half of the credit card fraud in the world, despite only processing about 25% of its payments. This, inevitably, became costly for the major credit card providers. So in October 2015 they had begun to put pressure on merchants to make the switch to EMV. They did this by abdicating responsibility for fraudulent transactions that took place on a traditional magnetic strip card. By doing this they acknowledge that the magnetic strip is far more susceptible to fraud, and EMV was the future for credit card transactions in the U.S.

This switch was crucial in the adoption of EMV technology, and the adoption rate exploded stateside. Now that the merchant was responsible for fraudulent transactions from a magnetic strip, they could no longer hide behind the protection of the bank taking the loss, driving up the demand for EMV adoption dramatically. This also sparked consumer demand, and the card providers were more than happy to follow suit.

The EMV switch is crucial in the battle against credit card fraud. Instead of a static, magnetic strip communicating with the terminal; the chip inside of an EMV card actually generates a unique, one-time code that’s accepted by the chip terminal. By moving to a dynamic code, the potential for the theft of the card number or data on the magnetic strip is drastically reduced.

The Swiftpay Difference

With Swiftpay; EMV technology is accepted as standard. All of our terminals process EMV-compatible cards at a lower cost than a majority of our competitors. Combine that with world-class customer service, chargeback protection and interchange plus processing, Swiftpay is your conduit to the future of payment processing. Get started with Swiftpay Systems today and protect yourself against fraudulent credit card transactions.

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