QUICKBOOKS ® INTEGRATED ONLINE CREDIT CARD PROCESSING with NOVERA
Integration for QuickBooks® Credit Card Processing
Introducing the Novera Integration for QuickBooks® payment processing for credit and debit cards, ACH (Automated Clearing House), EFT (Electronic Funds Transfer), and Electronic Check conversion using a powerful and secure Payment Gateway and Secure Vault Software. Process credit cards and checks for invoices seamlessly in QuickBooks®.
NO NEED FOR “DOUBLE-ENTRY”
Process recurring credit card payments set on a monthly schedule. No more need to ever perform a “double entry”. Our solution also offers you the ability to choose any merchant account provider, however with our revolutionary FLAT FIXED FEE pricing model, were sure you’ll want to review the Novera Payment Solution for merchant services as well.
Our QuickBooks® online credit card processing is easy to use and is up and running within minutes. It is guaranteed compatibility for automated integration within QuickBooks®, so no longer is the need to ever use old outdated, unreliable, standalone credit card terminals. If your business has customers present to make a payment, then a simple USB mag-swipe reader can be attached in seconds for “card swiped” transactions.
Our solution is also 100% secure, and both PCI and PADSS certified. When transactions are sent from the software to the gateway it passes all data through a secure socket layer (SSL) which ensure all data is properly encrypted and that it cannot be compromised. Neither QuickBooks® nor Novera itself ever store any cardholder data; data is securely stored in a “Secure Vault”. This makes the software PCI and PADSS Compliant so you never have to worry about your payment processing being up to the standards of the cards brands MasterCard/Visa/Disc.
FLAT FIXED FEE PROCESSING
In addition to an easy to use turnkey solution for QuickBooks® users, Novera Payment Solutions has also developed a simple, transparent pricing model utilizing a “FLAT FIXED FEE” for merchant services.
WHAT YOU SHOULD KNOW ABOUT CREDIT CARD FEES
The first thing to know about pricing is that that MasterCard, Visa and Discover in conjunction with the banks that issue the credit and debit cards to the consumer actually set the underlying transactional cost of credit card processing (known as “Interchange”). They then pass along this transactional cost to the processor, who in-turn adds a profit before providing the retail rate and service to the merchant. The cost or “Interchange” is now public knowledge and posted on MC/Visa/Discover’s respective websites.
Currently tiered and / or a form of cost plus pricing is the methodology most processors still prefer to use in order to preserve the highest profit margins on merchant accounts. Understanding tiered and other forms of pricing is the key component to determine if your paying more than you should for your merchant account.
Tiered pricing utilizes the 160 +/- individual transactional costs (known as “Interchange”) with each transactional cost comprised of:
Both are dependent on the type of card used, (i.e. debit, credit, rewards, business etc..) and, how the purchase was made (in person, over the phone etc...). These transactional costs (which are the same for all merchants large and small) are categorized into either three or four tiers with each tier housing approx.40 of the 160 transactional costs (“Interchange”).
- Unique percent of the sale
- Transaction fee
5 Reasons Why Your Current Processor is More Expensive Than You Think!
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WE BRING VALUE TO OUR CLIENTS
The value lies in both our solutions and our pricing model. Novera delivers an integrated accounting solution for QuickBooks® that allows users to automatically have credit/debit card payments made on invoices post into their QuickBooks® accounting software.
Additionally, Novera Payment Solutions also offers a transparent “FLAT FIXED FEE” pricing model. Our “FLAT FIXED FEE” lets the business owner know exactly what they are paying for credit card services (merchant services) and is the most transparent pricing plan in the industry.
Many businesses struggle with getting essential data from manual processes, varied software programs, and remote employees. The result is lost data, poor customer service, and management decisions based upon inaccurate customer and financial data.
The solution is implementing an integrated accounting payment system from Novera Payment Solutions. By integrating your accounting system with your business processes and other programs, you can dramatically improve the effectiveness and profitability of your business. Eliminating manual processes, connecting remote employees and having accurate customer and financial information automatically updated within your accounting system will have a positive impact on your bottom line.
WHY UNDERSTANDING FEES IS IMPORTANT
Understanding the challenge with Tiered pricing is the next step in understanding merchant pricing. Twice a year MasterCard/Visa/Discover reviews and adjusts some of the 160 +/- transactional costs and passes this change along to the processor, who in-turn, usually seizes that as an opportunity to raise the tiered rates to the merchant and create additional profit made on each of its “tiers” (the difference between the underlying transactional cost and tiered retail rate) thus raising the entire expense for the merchant, even if the underlying transactional cost is never actually applied against the merchant for a transaction.
Ultimately this is what causes the merchants fee to creep upwards over time.
It’s not simple, it’s not transparent and it’s not fair pricing.
The Novera Payment Solutions Advantage
NPS Pricing Solution with Transparency
NPS (Novera) has developed a unique pricing format that passes along all the direct transactional costs; a) interchange, b) the processor fees, including mark-up, and in addition highlights a c) TRANSPARENT FLAT FIXED FEE per month depending upon the monthly merchant volume.
This pricing format delivers:
- Substantial savings based upon volume
- Transparency in pricing
- Detailed reporting on statement
- One of the best “cost plus formats” available
Ask for a detailed analysis and get an estimate of what your savings
YOUR SAVINGS CAN INCREASE OVER TIME
The savings can actually increase over time because unlike the “tiered” structure which raises the overall rate of the tiers when MasterCard/Visa/Discover change rates, our program only raises the one line item effected, this is the only true transparent way of offering merchant processing.
NEXT DAY FUNDING OR WEEKEND FUNDING FOR GROSS DEPOSITS
In addition, Novera Payment Solutions offers our merchants in most cases the option of either “Next Day” or “Weekend Funding”, and always with “Gross Deposits”. Unlike many processors who deduct their rates/fee’s daily from your deposits, fees for our services are not collected until the month AFTER the month you have been processing. This means your get your money faster and it’s easier to reconcile with your bank statements.
NOVERA PAYMENT SOLUTIONS IS A GREAT SOLUTION
In summary, our solution not only offers an integrated accounting solution, it also offers a unique transparent pricing model unparalleled in the merchant services industry.
To request more information please visit: http://info.noverapaymentsolutions.com/qbplugin