Retail Merchant Account (USA)
A retail merchant account is required in order for a merchant to accept credit cards at the point of sale ("Card Present Transactions"). The Retail Merchant Agreement is not applicable for "Card Not Present" merchants, such as Internet, Mail Order and Telephone Order Merchants.
The following is for merchants processing up to $50,000 per month in retail card transactions. If you are currently processing $50,000 or more per month in retail card transactions, please Fax Us your last three months of "complete" merchant card statements, for a personal quote.
Features Included:
• Funds Electronically Deposited within 2 Business Days of Sale.
• All Charges Paid in Gross. Fees Electronically Debited at Month End.
• Online Merchant Viewing - Down to the Transaction Level.
| Check Cards: |
Discount Rate: |
Transaction Fee: |
| MasterCard Qualified: |
1.25% |
$0.22 |
| MasterCard Mid-Qualified: |
1.80% |
$0.28 |
| MasterCard Non-Qualified: |
2.18% |
$0.28 |
| VISA Qualified: |
1.23% |
$0.22 |
| VISA Mid-Qualified: |
1.80% |
$0.28 |
| VISA Non-Qualified: |
2.18% |
$0.28 |
| Credit Cards: |
Discount Rate: |
Transaction Fee: |
| MasterCard Qualified: |
1.82% |
$0.22 |
| MasterCard Mid-Qualified: |
2.18% |
$0.22 |
| MasterCard Non-Qualified: |
3.35% |
$0.22 |
| VISA Qualified: |
1.72% |
$0.22 |
| VISA Mid-Qualified: |
2.18% |
$0.22 |
| VISA Non-Qualified: |
3.35% |
$0.22 |
| Other Fees: |
Amount: |
Frequency: |
| Activation: |
$40.00 |
One Time Fee |
| Membership: |
$75.00 |
Annually |
| Statement: |
$7.00 |
per Month |
| Address Verification: |
$0.02 |
per Electronic Transaction |
| Connect Authorization: |
$0.01 |
per Transaction |
| MasterCard D & A: |
0.095% |
per MasterCard Transaction |
| Visa D & A: |
0.0925% |
per Visa Transaction |
| Batch Settlement: |
$0.03 |
per Batch Settlement |
| ACH Reject: |
$10.00 |
per Reject |
| Retrieval Request: |
$10.00 |
per Request |
| Charge Back: |
$25.00 |
per Transaction |
| T & E Transaction: |
$0.16 |
i.e. American Express & Discover |
| Pin-Based Debit: |
$0.08 |
per Transaction |
| Discount is Subject to a $25 Monthly Minimum |
| Please refer to the Merchant Processing Agreement, for Full Details. |
| Internet Gateways and Terminals are Optional, and Priced Separately |
The above applies to Visa and MasterCard. T & E cards, such as American Express and Discover, independently assign their rates. We will automatically assist in securing an an American Express and Discover account for you.
To get started, download the Merchant Application and related documents below. These documents require the Free Adobe Acrobat Reader, which you can also download below. You may need to right click on the links, in order to save the documents to your computer.
Instructions & Checklist
Example Retail Merchant Application
Retail Merchant Application
Retail Merchant Schedule A
Merchant Acknowledgment
** All of the Above in a Zip File **
Free Adobe Acrobat Reader
Internet Concepts is an Agent Office with MCI a registered ISO/MSP of Chase Payment Solutions LLC.
American Express and Discover require separate approval. |
