The Business
Since 2003, Great Deals, Inc. has been a growing eCommerce merchant. They
offer one stop shopping for discount air, power, and cordless tools that
will help get any size job done. They operate five very successful online
stores that taps into a network of tool suppliers across the United States.
Their Website www.sjdiscounttools.com
sells millions of dollars of products per year.
The Challenge
Based on the fact that Great Deals, Inc. accepts many different types
of credit and debit cards, and has slim profit margins, they needed a
merchant processor that was able to provide the pricing they required
to allow them to compete with their largest competitors.
The Solution
Working with Established Merchants Only.com, Great Deals, Inc.
identified the types of credit and debit cards their customers used most
often, and selected an Interchange-Plus pricing program that worked best
for them.
" Established
Merchants Only analyzed our processing statements and showed us how
their program offered us savings on Debit Cards, Government Cards and
International Cards that no other processor could provide. We also really
liked the fact that they simplified their billing so we know exactly
how much we pay for each type of Visa and MasterCard we accept.
" said
Scott Selby, president of Great Deals Inc.
The pricing structure of Established Merchants Only.com is unique. There
are no monthly fees of any kind and merchants understand how much they
pay for the various types of credit and debit cards most frequently used
by their customers. This allows merchants to maximize revenue on sales
by lowering the costs they pay for credit card processing targeted to
their particular industries.
The Results
Mr. Selby continued
"Unlike our previous processor
who lumped our Visa MasterCard rates into three buckets, Established
Merchants Only gave us clarity in our processing fees. Not only are
we seeing considerable savings each month, now we understand why certain
cards cost more than others. We highly recommend letting them analyze
your processing. It worked for us."
|