Debit card processing can save your business hundreds of dollars every year. Currently, about 25% of all POS credit card transactions are actually made with a debit card.
Many processors, however, don't make merchants aware of the savings available by running these transactions as pin based debit transactions.
When processed as a pin based debit card, these transactions don't have as large of a discount fee or percentage rate charged to the merchant. There is only a small transaction fee and a reduced network fee percentage. This fee varies depending on the network parameters associated with a particular transaction.
Generally, transactions above $40.00 run with a pin based debit card will save you, the merchant, several cents per transaction. The amount saved depends on the transaction size. The larger the transaction is, the more you will save by running pin based debit transactions.
In addition, SBSC passes on to you, all of the savings available as a result of the Durbin Amendment. Many types of debit/check cards are now regulated by the Federal Government, and unlike some other processors, we pass these regulated savings directly to you.
With the banking industry promoting the use of debit cards, your customers are already expecting you to be able to accept them. With Stickman Business Services processing plans, we enable all debit card networks, even Armed Forces cards.
We can even add pin debit capability to many older terminals, and our new terminals have pin pads already built in.
In addition, we use the latest encryption standards to help insure the safety and integrity of your transmitted data, helping to prevent fraud.