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For prices and ordering information click on the
appropriate link.
Cashless ATM Machines
Scrip Machines
ATM Machines
Credit Card Terminals
Credit Card Processing
Profit Example
Credit Card Processing through
Credit Card Terminals should be cost effective and affordable for
the merchant.
ACE's Credit
Card Processing service is the best in the industry. ACE's
Credit Card Processing rates and Credit Card Terminal pricing,
cash or lease, is very competitive.
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Do you
already own Cashless ATM Machines and you want different or better processing?
Have you lost your processing?
WE CAN HELP!
Just
Click Here and
complete the "I need processing application" and we
will contact you with pricing.
You are welcome
to call but please do so
after you have completed the application.
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ACE
has the best equipment with the lowest equipment cost,
GUARANTEED lowest processing fee, and the highest profit for
you.
For prices and ordering
information
click on the
appropriate link in the
left column.
Credit Card Terminal Lease
rates starting at $19.95 per month!
(Tranz 330 with printer)
For prices and ordering
information
click on the
appropriate link in the
left column.
Lease a CATM or CCT
and you can add in a Dell Computer System complete with
printer for an additional
$29.95 per month.
What is a
Cashless ATM/Scrip Machine?
Our
ever-changing world has been heading toward
electronic transactions for several years. This
transition will continue because of convenience and
acceptance by the general public and because
electronic transactions bring down operating costs
at every step.
Electronic
payments enable the public to buy more, which
increases their average purchase. This also
increases impulse buying, something every merchant
needs to increase their daily sales in order to see
bigger profits. Businesses are in business to make
money and accepting bank cards help them make more
by providing a method the public has grown to
expect.
Until
recently, a business that wanted to accept bank card
payments for their customer’s convenience had to
sign up for a costly merchant account through a
financial institution. Merchant accounts charge
businesses a percentage of the sale plus a per
transaction fee on each purchase made by
credit/debit card, and all processors charge a
monthly fee on top of that. Plus, the extra fees
that are charged to the merchant each month takes a
financial wizard to figure out. There are fees for
non standard purchases, extra fees for non
conforming credit cards (government cards for
example), extra fees for phone sales, extra fees if
they manually key in the credit card number, extra
fees if the merchant does not "batch out" the same
day the sale was made, and so on, and so on.
Cashless ATM Machines
/
Scrip Machines
are a much sought after option verses traditional
merchant accounts because they can be used as a POS
transaction tool, but with one major difference…it
pays for itself & makes money for the retailer
through the surcharge fee that all ATM machines
charge.
In
other words, the customer pays for the
convenience of using a bank card to make purchases,
instead of the merchant.
Cashless ATM Machines/Scrip
Machines will work with
bankcards & debit cards with a valid PIN number.
There are rarely any "charge backs" with
Cashless ATM Machines/Scrip
Machines,
like there are with credit card sales.
During the
first 6 months of 2002, according to a recent survey
by Visa, consumers made more purchases using their
debit cards than they did using credit cards!
And the numbers will continue to increase as more
and more people carry less cash and are realizing
the value of paying with their debit cards rather
than trying to pay by check (since more and more
businesses refuse to accept checks).
This is
where the ‘SCRIP’ part comes in. When a customer
uses a
Cashless ATM Machine/Scrip
Machine
they swipe their card & enter their PIN # as they
normally would, but the machine prints out a scrip
receipt of the transaction, instead of dispensing
cash. The customer then redeems the scrip receipt to
pay for whatever products or services that are being
rendered. The scrip can ONLY be used at that
particular place of business, therefore this results
in increased sales & profits.
The
merchant presets the amount of money a customer can
get through their
Cashless ATM Machines/Scrip
Machine. The cashier, in
return for the scrip receipt, issues change to the
customer just as though the customer is using cash.
Within 24-48 hours the merchant has all the money
taken in through their
Cashless ATM Machine/Scrip
Machine
electronically deposited into their bank account,
AT A PROFIT! Each transaction earns the merchant
a portion of the ‘user fee’ that is charged to the
customer’s card. This is how ATM machines make
money.
If the
business accepts cards in the traditional way, the
MERCHANT WOULD PAY for the customer’s
convenience to use their bankcard by being charged a
fee by the processor, INSTEAD OF MAKING MONEY
FOR THE CUSTOMER’S CONVENIENCE TO USE THEIR BANKCARD
THROUGH THE SCRIP MACHINE! This is the
reason the popularity of
Cashless ATM Machines/Scrip
Machines
is exploding across the country. Businesses are
looking for ways to increase their profits, while
still providing the convenience of card payment as
an option. The public has proven they will gladly
pay an access fee for the convenience of doing so.
Cashless ATM Machines/Scrip
Machines
can sit on the counter top right next to the cash
register. All that is needed is a place to plug the
machine into an electrical outlet, and a place to
plug into a phone line. THAT’S IT! No
complicated wiring is needed. The business does not
even need an extra phone line with the SCRIP
machine, they can use their existing phone line.
When a
customer is ready to make a transaction using the
Cashless ATM Machine/Scrip
Machines
all they do is swipe their card, enter their PIN
number, and choose an amount they want to withdraw
from their account, and hand the receipt to the
cashier, who treats the receipt the same as cash!
Merchants
can preset up to five different amounts to simplify
the transaction. The merchant does not have to keep
extra cash on hand in order to give cash back to the
customer. If the merchant has the ability of being
able to give change for $50 and $100 bills, like
most businesses, then they have no problem with a
Cashless ATM Machine/Scrip
Machines
in their place of business. After the customer has
made their dollar amount selection, the machine
validates the transaction within a few seconds. The
EFT network is the same as the major financial
institution use.
There are
several large corporations that manage nationwide
EFT debit networks (Cirrus, Pulse, Star, etc.).
These companies process transactions for sales
organizations like ours who go out into the business
community and obtain merchants, both large & small,
who are in need of offering the convenience of card
payment as an option for their customers at the
point of sale. There are certain rules & standards
set forth by the Federal Government, and state
agencies to protect the merchant by ensuring they
are treated fairly according to applicable laws &
regulation that govern the Electronic Funds Transfer
Industry. So any business can rest assured that ACE
is in compliance and is working within these
industry standards.
Retail
locations that accept card payments consistently
have a higher average purchase rate per customer
than locations that do not (statistics show that
introduction of acceptance of credit/debit cards
increase sales an average of 27%). This margin
usually means the difference between success and
failure of a small business. Providing bank cards as
a payment option also leverages impulse buying,
which is income that is generated when a customer
decides to go ahead and buy more than they normally
would because of the convenience of being able to
charge the sale. Tipping usually increases in
businesses that provide services, such as
restaurants. This will usually provide additional
income for them and their employees. Bankcard usage
is here to stay, and will continue to grow in the
years ahead. Businesses who rely solely on cash
transactions are losing too much business to expect
to survive in the long run. Nationwide, the average
card transaction is 16% higher than a cash
transaction for the same goods and services. Why
would any business through a 16% increase in
business out the door?
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