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Frequently Asked Questions
Why should I accept credit cards? How do I apply for a merchant account? What credit cards can I accept? What costs do merchants incur to be able to accept credit cards? When do credit card sales transactions get funded? If I have bad credit or no credit, can I be approved for a merchant account? Do I need a shopping cart to be an internet merchant? What types of merchants does GET-Merchant Services approve? What is the time frame for being able to begin accepting credit cards? How do I determine what terminal, equipment and/or software is best for my business? What kind of training is required for using a credit card terminal? Can I order supplies for my terminal and printer through GET? What if I need help with my merchant account? How do I request more information?
Why should I accept credit cards? Did you know studies have shown that credit card customers spend 2 1/2 times more than customers who only carry cash! And that accepting credit cards can increase sales by an astounding 40% - 100%! Accepting credit cards contributes to the following: Creates customer loyalty, increases sales and encourages larger sales. Accepting credit cards will keep you competitive with other merchants, and offer customers a convenience they have come to expect. What is a merchant account? A merchant account is a service account between a merchant and a merchant bank through which you can settle your credit card transactions. GET facilitates your access to such payment settlements. This allows merchants to accept credit card and debit card payments from customers. How do I apply for a merchant account? Apply for a GET merchant account.
What credit cards can I accept? GET makes it possible for you to offer your clients the choice to pay with Visa, MasterCard, American Express, Discover, JCB, Debit Cards, Gift Cards, Loyalty Cards and Electronic Benefits Transfer (EBT) transactions. Can I accept debit cards? Absolutely. Debit card usage has been increasing exponentially while check usage has been slowly declining. You can accept debit cards at a flat rate per transaction if the customer uses their secure pin number. Otherwise, a debit card run through as a credit card is called a “checkcard” transaction and may qualify for check card rates, which are normally lower than regular credit card rates. How are my monthly fees paid? Monthly fees are automatically debited from your business checking account the first week of each month for the previous month's fees. There is no need to send in a check to pay fees. What are my monthly fees? Monthly fees vary based on the type of your account. All merchants pay one or more of the following fees depending on the type of merchant account: 1. a monthly minimum, 2. a statement fee, 3. a Discount Rate and Authorization fee. Speak to our relationship managers to find out about your specific fees. Call or inquire online. What costs do merchants incur to be able to accept credit cards? A discount rate (percentage discounted from sales amount) is applied to each credit card sales transaction as regulated by Visa & MasterCard Associations. GET has unbeatably low rates for all types of transactions. When do credit card sales transactions get funded? In most cases, within two business days after you close your batches (transmit and settle your day’s sales transactions). If I have bad credit or no credit, can I be approved for a merchant account? GET’s approval rate for merchant applications is 98% regardless of credit or business type (excluding prohibited merchant types). What is an internet merchant? An internet merchant is a term used for merchants who conduct business on the Internet. What is a shopping cart? A shopping cart is a method for collecting the items chosen by a consumer for purchase from an on-line catalog. It is literally, the “shopping cart” in which your online customer has placed his selected items. Call us to learn more at 800-406-8979 or learn more here. Do I need a shopping cart to be an internet merchant? No. Our GET virtual terminal will work just as well. With GET's Bill Payment System - SafeGuard Payment Gateway - merchants that have a large number of products may find it easier to use a shopping cart. What types of merchants does GET-Merchant Services approve? All types of merchants meeting GET’s underwriting standards. We have a very high approval rate. What is the time frame for being able to begin accepting credit cards? Once your merchant account is approved, you will be able to accept cards upon receipt of your terminal or e-commerce password. Usually within 1-3 business days of your account approval. How do I determine what terminal, equipment and/or software is best for my business? GET- Merchant Services will work with you to determine what best fits your needs. A Professional Relationship Manager will discuss with you options and available programs for your business needs. We have programs and equipment for virtually all businesses including – Internet / E-Commerce – Retail – Mail Order / Telephone Order (MOTO) – Restaurant – Mobile/Wireless – Business to business, and more. What kind of training is required for using a credit card terminal? With the simplicity of our advanced technology, merchants will generally require little actual training, just intuitive guidance. A technical services department representative will train merchants to use terminals supplied by GET-Merchant Services. Also, a toll-free customer service number is provided and representatives are available 24/7/365. Can I order supplies for my terminal and printer through GET? Yes, you can! As part of our Merchant Club, you can order your supplies from GET on a monthly basis. What if I need help with my merchant account? GET-Merchant Services Professional Customer Relationship Managers are available 24/7/365, toll free at . Contact Us. What is a privacy policy? A privacy policy states what information may or may not be released to outside sources. GET’s privacy policy prevents us from sharing your information. View GET’s privacy policy. How do I request more information? Contact us for more information about a GET merchant account. |
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We’ve developed our Free Terminal Placement Program to offer you the benefits of the most current, top-of-the-line terminal - FREE!
This $500 value is yours when you open a merchant account with GET. Simply give us a call or fill out our short inquiry form below to get started. We will get back to you the same business day. |
Global Electronic Technology, Inc. meets all BBBOnLine Reliability participation and Better Business Bureau membership standards and is Proud to display the BBBOnLine Reliability seal. |
