Suggested Business Use: Seasonal and Low Volume Businesses, Mobile Merchants
Touch-tone processing allows you to process credit cards and check cards (debit cards with Visa or MasterCard logo on them) using a normal touch-tone phone or cellular phone. It is simple to use and a great alternative for seasonal and low volume merchants. There is no equipment or software to buy.
These types of merchants would benefit most from using touch-tone processing:
- Summer/Winter recreation rentals
- Firework stands
- Tradeshows/Expos/Conferences
- Christmas tree farms
- Craft vendors
- Mobile merchants
- Plumbers, electricians and other trades people
NOTE: Depending on the Merchant Account Provider they may or may not take year-round businesses, be sure to check with the provider for details.
How It Works
How touch-tone processing works is you dial an 800-number from your touch-tone phone, you are then connected to an interactive voice response unit. You will then enter in your merchant account number (which you will get when you first sign-up for touch-tone processing), the customer’s credit card number, expiration date and amount of the sale using the telephone keypad. Once the transaction is approved, the transaction is held for settlement which will automatically be completed every night. The funds are then electronically transmitted to your business checking account, at your local bank, anywhere within 48-72 hours.
That’s all there is to it, no sales slips to mail or depositing credit card drafts at your bank. Every month you’ll receive a statement in the mail outlining the details of your credit card processing activity. Anytime you want you can access batch totals and track your daily activity from any touch-tone phone.
Pricing Information
Here’s a look at the typical estimated rates and fees you will pay in order to use touch-tone credit card processing:
Discount Rate: 2.09 – 3.25%
Transaction Fee: $0.25 and up
Monthly Minimum: Up to $25
Monthly Statement Fee*: $0-$5.95
Annual Fee: $0 and up (sometimes waived)
Setup Fee: $0 – $99
Manual Imprinter: Optional; prices vary – inquire with the provider
* Those months when your business is inactive you can deactivate your account so you don’t incur the monthly statement fee, but rather just the annual fee instead. You can then reactivate once your seasonal work starts up again.
Touch-Tone Processing Resources
Most Merchant Account Providers can provide touch-tone credit card processing, most though never mention it on their website. If the provider tries to talk you into setting up a swipe terminal instead then you’ll need to look elsewhere. If you’re a seasonal merchant with low volume there’s no need to high cost software or equipment.
Touch-Pay/Thompson Merchant Services – *Highly Recommended* Offers the Touch-Pay touch-tone credit card processing services. It can be used with your office phone, portable phones and cell phones. The rates for their Touch-Pay touch-tone service are:
TOUCH-PAY OPTION #1: Free $0 setup, 2.09% per credit card transaction, $0.75 per transaction, $5.95/month, Optional Virtual Terminal for processing from your computer using this same account, free online reporting! you can processing credit cards wirelessly. That’s it! You’re in business to make money, TMS is in business to increase your overall sales and revenue, not steal it from under your nose.
TOUCH-PAY OPTION #2: Free $0 setup, 3.25% per credit card transaction, $0.25 per transaction, NO Monthly Fee, Optional Virtual Terminal for processing from your computer using this same account, free online reporting!
Use Touch-Pay while making small donations to charity using DonorCharge:
Businesses and Shoppers that are interested in easily supporting their favorite Non-Profits/Charities, and Non-Profits that would like to receive fund from their supporters easily and electronically are encouraged to signup for DonorCharge (www.donorcharge.com). DonorCharge is an electronic donation payments service that enables businesses and shoppers to allocate small portions of each credit card or debit card payment to non-profits or charities of their choice in a paper-free and environmentally friendly manner. Businesses and Shoppers use DonorCharge to contribute to their favorite Non-Profits and charities the stress free way – by giving a small amount of each sale! It’s easy and free to signup! Non-Profits, Shoppers and Merchants that are interested in giving donations to participating Non-Profits are encouraged to setup a free account.