How to plug a pin pad into a Verifone VX510 credit card terminal

May 17th, 2011

Before you plug the pin pad in to the Verifone VX510 make sure that the power is unplugged.  If you do not unplug the terminal you risk blowing out the encryption on the pin pad.  You will then have to send it back to your merchant card service processor to have it re-encrypted.  This can take up to a month – so – make sure you unplug the terminal!

When you look at the bottom of the terminal you will see the power port and 3 other ports.  The pin pad plugs into the port on the far left of the terminal (see picture below for reference)  Plug it in securely and power the terminal back up!

If the pin pad is not working you may have the following issues:

- The pin pad is either not encrypted or is not encrypted for your credit card processor.

-Your credit card terminal is not programmed to have pin debit entry as an option.  Have your independent sales representative call in to support to add pin debit to the file and re-download the eVx510.

-You merchant card services account is not set up to accept pin debit.  Have your sales rep get an addendum to add pin debit card processing.

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Square Payments iphone credit card processing puts consumers and business owners at risk

May 17th, 2011

We get a lot of questions about  credit card processing through Iphones and Blackberries.  We do offer this service – but currently only with the option to key in the credit card number through a secure connection.  Multiple times a day we get requests for swipers that will plug directly into these devices.  More often than not we are being asked to sell a product similar to the  Square Payments credit card swiper.  Our fear has always been a lack of security involved with these types of  merchant card service transactions – and now it looks like we have been correct in not offering a product similar to Square’s.  Take a look at the link below  - From Verifone,  the largest credit card terminal manufacturer in the world, regarding security issues.

Square Payments security issues.

Are you sure you still want that cool new credit card skimmer – er – credit card swiper?

How to load paper into verifone VX510 / Omni 3730 credit card terminal

May 13th, 2011

If you are looking at the top of the Verifone vx510/ omni 3730 (Same instructions apply to the vx510le and omni 3730le)  you will see a blue paper cover.  Hit the button on the right hand side to release the cover and open up the lid.

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Then drop the roll of paper into the credit card terminal so the paper rolls out from the bottom towards the front of the machine.  Make sure you are using the correct size paper.  Most Verifone terminals us 2 and 1/4″ wide by 85′ long thermal paper.

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Then close the paper lid.  Mke sure to peel off about 10″ of the roll before you try processing credit cards.  The first part of the roll is usually not able to print well.

IMG_1127Now you are all set to run credit card transactions on your Verifone vx510 / omni 3730!  If you would like to learn more about merchant services or verifone credit card terminals follow the link!

How to plug in a Verifone VX510 / Omni 3730 credit card terminal

May 13th, 2011

This is the Verifone Vx510 / omni 3730.  (these instructions will be the same for the Vx510le and omni 3730le)

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In order to get this terminal working for your merchant card services the first thing you need to do is plug in the phone line.  If you look at the bottom of the terminal you will see  3 ports on the back.  You will want to plug the phone line into the far left port.

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Next you will plug the power cord into the bottom.  The power jack is on the bottom on the far right of the terminal.

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Thats all there is to it!  The VX510 should now be plugged in and ready to run cards!  If you would like to learn more about merchant services or Verifone terminals just follow the link!

What does it take to sell credit card processing?

January 16th, 2011

We get a lot of applications from independent sales reps who want to sell merchant services for us.  The one question these people always ask is:  ”what exactly will I be doing?”  The answer:  Saving business owners money on the monthly bill that they pay to Visa and Mastercard.

Whenever a business swipes a credit card as a payment for one of their products they must pay a percentage of that sale to Visa or Mastercard.  This fee typically runs anywhere from 1-3% depending on the card type.  Capital Bankcard has the ability to save anywhere from 10-50% off of the monthly fees that these merchants pay to process these credit cards.

Your job as a merchant account sales representative requires you to approach these businesses and get a copy of their monthly credit card processing bill.  You will then fax it directly to us so we can put together a cost comparison.  If we can save the business money ( which we can 95% of the time) then we will email the comparison back to you to present to the client.  Then all you have to do is sign them up to work with us.

We will be there to help you close the deal over the phone and answer any questions the client may have.  As the sales rep on the account you will earn an upfront bonus plus residual every month that the client accepts credit cards with us!  To find out more about how you can sell merchant services and help small businesses save money click here!

Why sell merchant services with Capital Bankcard?

January 15th, 2011

We often get asked why someone would want to sell credit card processing.  The short answer:  its all about the potential income.

There are very few sales jobs left in this country that not only have an unlimited earning potential – BUT – will also build up a residual in the process.  When you sell cars, software, or real estate you are only as good as your last sale.  You coule have a huge commission month and make more sales than you have ever made before but at the beginning of the next month you have to start from scratch again.

Selling merchant card services does not have this “what have you done for me lately” problem.  Every time you sign on a new client to process credit cards with us you are building your book of business.  Not only wil you receive an upfront bonus for signing on the new client you will also receive a share of the residual profit FOREVER!  As long as the client is working with us for their merchant services you will make a split of the profit.  This can build up to a huge residual income over a few years.  So really you are not just getting a job where you sell merchant services  - you are starting a career and building your own business.

Click here to find out more about how to get involved in this sales career!

Why have merchant card services at your business? Here are four reasons

July 27th, 2010

Numerous small business owners wonder if they should have merchant card services acceptance capabilities.   Accepting credit cards is not inexpensive, it can run over 2% of overall sales,  the benefits can easily outweigh the costs. The following are 4 reasons that your company should get set up to accept cards today:

1.  Consumer spending is higher with plastic. Clients who use credit cards normally spend 30-50% more per transaction than ones who use only cash.  So while it may cost you a few percent to run the transaction – the average sale is so much higher that it more than makes up for it.  The business will actually end up well ahead of where they were before the started accepting credit cards.

2.  You need good credit to have a credit card – therefore you have more spending power. It is pretty obvious when you consider who can get a credit card in todays economy.  People who have  a credit card are  going to be able to spend more money then cash only clients.  You, as a small business owner, need to cater to these clients – they are the ones who can afford your most expensive products and in turn can keep you in the black.  If you do not offer them the ability to spend their money, by having merchant card services available, then they will not shop with you.

3.  All transactions will be deposited by the next morning.  Nobody wants to wait for their money.  If you take a lot of checks you need to wait for them to clear the bank.  Offering your clients payment terms can help bring in more clients – but how do you know they will actually end up paying you.  The lowest risk payment for a small business owner is to process credit cards.  If the card holder cannot pay their bill the business owner will still get paid.  All you have to do is run your cards, close your batch, and the funds are there the next day – every day – reducing your risk and easing your financial burdens.

4.  No costs to start accepting cards. Small business owners no longer have to spend a ton of money to set up a merchant services account!  Many times there is going to be no cost out of your pocket – you can even get a free credit card terminal!  The only barrier to entry is now gone!

Lipman Nurit 2085 credit card terminal and quick reference guide

July 26th, 2010

Lipman Nurit 2085 credit card terminal

The Nurit 2085 credit card terminal is a compact and flexible credit card processing machine and one of the most reliable in the industry. Its menu driven display, combined with its 4 “soft keys” make using this unit fast, customized and efficient. The built-in thermal printer ejects highly legible receipts at a rapid pace of 12 lines per second. If you are looking for a terminal that can handle multiple payment options (credit, debit, EBT, check verification, pre-paid cards, etc.), the Nurit 2085 is perfect for your business.

We have the best price available on the Nurit 2085.  We also have the Nurit 2085 quick reference guide available to help you process credit cards.

Lipman Nurit 8000 wireless credit card terminal and quick reference guide

July 26th, 2010

The Nurit 8000 is the premier wireless credit card terminal on the market.

The Nurit 8000 operates on the reliable Cingular network allowing coverage throughout the country. More and more businesses are recognizing the opportunity presented by real time, mobile credit card processing. The advanced Nurit 8000 can help your business keep pace. With a built-in PIN pad and optional smart card reader, the Nurit 8000 protects both the merchant and the customer. The Nurit 8000 can handle multiple payment types, including credit, debit, T&E, EBT, check verification, guarantee and truncation, pre-paid cards, loyalty / gifts cards, and smart cards.

We have the best prices available on the Nurit 8000 wireless credit card terminal.  We also have the quick reference guide available here.

How much money can you make when you sell merchant services and credit card processing?

July 19th, 2010

We often get asked by new independent sales reps how much they can make when they sell merchant services.  Below is a breakdown of how they can make over six figures in their first year.  While not everyone does – the top performers and best  If you work hard only 4 hours a day, calling on 20 businesses a day, you WILL bring on 1 new client every day. Over the month you will average 20 deals per month….

So – if you write 20 deals a month for a year you will earn the following:

Monthly bonus: $22,000 Quarterly bonuses: $3,600 Upfront account bonuses: $14,400 (assuming all are paid at our lowest bonus level!)

This equates to an annual salary of $40,000 – BEFORE your monthly residuals on all of these accounts!

Now lets factor in your monthly residuals. If you average $25-$50 per account – which is very possible – you will build your residual by $500-$1000 per month. At the end of 12 months this will mean a recurring residual stream of between $38,500 and $75,000!

Your total compensation for your FIRST year will be between $78,500 and $115,000!

Now imagine if you worked 8 hours a day and brought in twice this number of accounts….You CAN do this job part time and make a very nice living!

So – what are you waiting for??? Get started now! Learn More!