Helpful tips

What is Quantum payment?

What is Quantum payment?

Quantum Electronic Payments is a credit card processing company that offers an automatic cash discount program in addition to other pricing options. The company is headquartered in California and serves businesses in a variety of industries across the United States.

What is a good effective rate for merchant services?

Effective rates for most merchants should average between 1.70% and 2.1%; depending upon your average ticket, card mix, and monthly volume. If your effective rate exceeds 2% ( or . 02 based on the calculation above) you are likely paying too much!

What does quantum mean in business?

Any number of companies have “quantum” in their names as well. It’s a “theory of matter and energy based on the concept of quanta,” or the idea that light contains many small but measurable bits of energy. (Though Einstein used “quanta” as the plural in his theories, a more commercial plural is “quantums.”)

How much should merchant services cost?

A flat-rate pricing model is when the merchant account provider charges you either a flat rate fee for each transaction, a fixed percentage on each transaction, or a mixture of the two each time a card is swiped. The fixed percentage is usually between 1.75% – 3% and includes a per transaction fee.

How do I choose a merchant service?

How to Choose a Merchant Service Provider

  1. There are two types of providers: processors and ISO’s.
  2. First, don’t let price be your primary decision making factor.
  3. Not all providers are made equal.
  4. Try not to piecemeal solutions together – find one provider that can meet all your needs.

How much money can you make selling merchant services?

Statistically, an average merchant account will give a sales agent about $30 per month in residual income. If that sales agent can sign 10 accounts per month, they will be making $3600 per month at the end of the first year, or $36,000 per year.