Meritus Mobile
We want you to have ALL of the information up front!  This is called “Full Disclosure”, and allows you to see exactly what you are paying for!  Our competition rarely publishes all their fees..  Until you are stuck in their long term contract!  Don’t get tricked!

  • Application Fee: We have NO application or setup fees, this entry will be $0 ZERO. 
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  • Service and statement fee: We have NO Customer service or statement fees, they are covered by your $24.95 FLAT rate! This entry will be  $0 ZERO.
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  • Monthly minimum fee: There are NO monthly minimum fees at all with us!
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  • Qualified discount rate: If you are a merchant swiping your transactions, you will see youe 1.69% swiped rate.  If you are a keyed Merchant, you will see this as 2.20%.
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  • Authorization fee: This is our advertised 30 cent “per transaction” charge.
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  • Voice Authorization (ARO & VRU): Most companies will just tell you “It’s an 800 number”, and let you assume that its free. Actually, the company behind the “800 number” charges  75 cents or $1.50 against your merchant account whenever you call them. Since you have internet access and with our wireless Meritus Mobile technology, you can accept credit cards anywhere without having to use this “feature”.
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  • ACH / Batch Settlement:  At the end of any day where you HAVE transactions, a single additional transaction is required to bundle them up, and send them off to get your funds. This transaction is known as a “settlement” or “batch closure” transaction, and the standard 30 cent transaction fee applies here. Obviously, on days where you have no transactions, batch closure is not performed. Batch closure is automatic, and occurs between 10:00pm and 12:00am Pacific, only when you have transactions. Additionally, there is no batch closure on Saturdays, Sundays, and Bank holidays. Weekend transactions are batched out Monday night with the Monday transactions.
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  • Mid & Non Qualified Transactions: Visa operating regulations specify higher transaction fees for transactions they consider to be of a higher risk. These include primarily, International and Corporate cards, as the AVS (Address Verification System) does not operate outside the United States, and a holder of a corporate card may not be authorized for a particular purchase. Also, “Rewards” cards fall into this category as of August 2005. When you buy a product on your rewards card and get miles, points or dollars, Your rewards get charged to the merchant in this category. As a merchant, the “shoe” is now on the other foot, as the card issuing companies will reflect the cost of the rewards in the Non Qualified Transactions category. Some companies will charge you the MAXIMUM possible rate for all cards, we assess each card INDIVIDUALLY to charge you the lowest rate possible for each rewards card you process.
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  • Chargeback fee: A chargeback is when the cardholder is forced to contact his bank to recover his funds when he either did not receive the product or service promised, he returned it and was not refunded, or was the victim of fraud. Careful adherence to our guidelines, and use of AVS and CVV2 technologies can prevent this from ever happening to you. This is as much a fine as a fee, and you can avoid it entirely.
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  • Retrieval Request: This relates to merchants requesting documentation they have already received (last six months worth of statements), either via Welcome Package or monthly mailing. Good filing practice will prevent the need for this. This charge also applies when the processor must request a copy of your proof of delivery or signature if a customer initiates a chargeback.
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  • ACH Return Fee: An ACH returned item happens under two conditions. Either you issue a credit to a customer, without enough funds to cover it, or the bank tries to collect its fees, and again, you have insufficient funds to cover the transaction. In effect, you have ‘bounced a check’ on your merchant bank, and this fee is standard.
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  • FLAT MONTHLY RATE: This is your FLAT MONTHLY RATE, and is $24.95. This replaces statement fees, monthly minimums, gateway fees, maintenance fees, and prevents these individual parties from sending you a letter stating “your (statement/gateway/maintenance ) fees are going up AGAIN!”
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  • Annual Fee: There is NO annual Fee.