Introducing Customized Orcatec Payment Processing
Payment processing can be very complicated for any business. Orcatec is willing and able to help you navigate this difficult path. Working with our payment partner, card connect. We provide a single source payment solution that will allow you to streamline the way you accept and manage payments, allowing you to spend less time reconciling transactions and more time growing your business. With additional features like next day funding and reduced processing fees, this is an offer you won’t want to miss out on.
Our technology leverages ways to reduce transaction costs, you can rest assured you are receiving the lowest possible rate each time you process a payment.
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Seamlessly manage your business and securely accept
payments, all directly within our Orcatec software
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Security features like fraud detection and
tokenization provide the ultimate data breach protection
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Personalized customer support ensures quick and easy
solutions to your questions and issues
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Payment Acceptance Anywhere: Utilize our small compact
EMV and NFC card reader in the field for secure in person payments
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Simplified Acceptance: Manage your business and
process payments within one platform
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Easy Reconciliation: Never enter a transaction twice
again
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Transparent Pricing: Save between 10 and 40% on your
monthly processing fees
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Next Day Funding: You’ll never wait to get paid
again
Transparent Pricing
Orcatec allows you to enjoy transparent and exclusive pricing. We are pleased to offer clients Interchange Plus pricing. This transparent pricing structure allows you to see exactly what you are charged each month and you only pay for what you use.
Getting started is quick and easy
What is Interchange Fees
Whenever you buy something with credit card, four parties are involved: You,
your bank, the retailer you buy from, and the retailer’s bank.
Both banks perform a series of
steps to ensure your payment is processed and transferred securely, and it reaches the retailer
promptly. When your bank sends your payment to the retailer’s bank (known as the acquiring bank), a
small fee is retained. This is called the
interchange fee. Payment processors (Visa, Mastercard, American Express, and Discover) set fees once
per year, usually, it is a percent together plus fixed amount. Fees depend on the type of card and
method of charge: POS terminal or keyed-in. Then, PCI compliant merchants like CardConnect have
their fees that are summed up with payment systems. For example, a card that is linked to fee
program "CPS/e-Commerce Preferred Retail, Prepaid" has a fee 1.75% + $0.20 from the transaction.
CardConnect's fee is 0.3%, so the total fee for the transaction for this type of card will be 2.05%
+ $0.20 in case of the swiped transaction from the total amount.
You can check actual
interchange fees on the official website of payment system:
Visa, Mastercard, American Express, Discover.
