Introducing Customized Orcatec Payment Processing
Payment processing can be very complicated in any business.
Orcatec is happy to help you to navigate this difficult path
and able to provide the best payment rates and structure by
working with Clover Connect as our payment partner. 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.
Even better, our technology leverages ways to reduce
transaction costs, so you can rest assured knowing 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
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.
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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
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
Clover Connect 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. Clover Connect's fee is 0.4%, 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.
