PIN DEBIT PAYMENT PROCESSING
Compliant PIN Debit merchant accounts dramatically increase sales. Your customers can now pay just like they do at any other store with their bank debit card. WITH NO ROUNDING UP and fast daily funding.
PIN Debit Program Features:
- Exact dollar amount (Not attached to a cashless ATM so no rounding)
- Daily funding two days in arrears (next day funding available)
- Customer does NOT pay out of network fees
- Sales are proven to increase versus cash or ATMs
- Convenience fee option to offset costs
- Fully transparent bank approved program
- Merchant ID is correctly coded
- Statement, receipts, descriptors all show as store name
- Strong chance we can re-purpose your existing hardware if you already have a debit card system
PIN Debit is NOT the same as a Cashless ATM
With Cashless ATM:
- Sales must be rounded up to the nearest $5 or even $20
- Customer Pays “convenience fee” and usually an out of network fee
- Acquiring bank usually not aware of High-Risk transactions
- Budtender must provide change
- Checkout requires explanation
- Long 3 to 5 year contracts
- Large early termination fees
- Store name not on descriptor but rather the ATM network.
Using a Cashless ATM system or workaround PIN Debit “solution”?
We will match or beat the rates you currently have. Contact us today to talk over your specific scenario and we’ll make sure to put you into a better situation.