Archive for the ‘Uncategorized’ Category

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

Tuesday, 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.




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

Tuesday, 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

Friday, 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.


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.


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

Friday, May 13th, 2011

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


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.


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


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?

Sunday, 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!

Lipman Nurit 2085 credit card terminal and quick reference guide

Monday, 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.

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

Monday, 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!

Verifone Omni vx510 LE information and Quick Reference Guide

Thursday, July 15th, 2010

The VeriFone Vx510LE Credit Card Terminal will cover most merchants’ needs, including high-speed transaction processing and reliable security protections. The Vx510LE is a hard-working device that will handle all of your processing needs without exceeding your budget.

The VeriFone Vx510LE offers a wide range of payment capabilities, saves counter space with its compact design, and minimizes clerk and customer entry errors with its familiar ATM-style interface, large backlit display, ergonomic keys, and bold menu prompts.

We have the guaranteed lowest price on this terminal. (Verifone VX510 quick reference guide can also be found here) For more information please call or email us:


We have the most lucrative merchant service sales positions available in the country.  Selling credit card processing is one of the best sales opportunities in the country with which to achieve financial success.  Learn more

How will the new financial overhaul bill affect credit card processing?

Thursday, July 15th, 2010
6. Lower minimums for credit card purchases at stores
Say you walk into a gas station and pick up some soda, candy, and gum. The total is $11, but there’s a sign at the register saying you can only pay by credit card if the purchase is $20 or more. Under the new legislation, the minimum can be no more than $10, and only the Federal Reserve can raise it.
As many of you may have heard – the senate and congress have finally come to agreement on a financial regulation bill.  When the bill was initially drafted there was much concern in our industry that we would be fully regulated.  After they have chopped up their bill this fear has waned and at the end of the day we will see the following changes:
1.  Lower minimums for credit card purchases at stores
After years of not being allowed to do so – it will be legal for businesses to have a minimum charge amount  on a credit card. Under the new legislation, the minimum can be no more than $10, and only the Federal Reserve can raise it.
Many businesses with a lower average ticket have been enforcing minimums for years – now they will be able to do it legally – and for now, it can be no lower than $10.
2.  Limits on debit card fees
The Federal Reserve will have the power to limit the fees that card issuers can collect on debit-card transactions.   ( The interchange portion of the transaction that is kept by the issuing bank – NOT the transaction fee charged by the ISO)   Stores and restaurants say lower fees would allow them to cut prices, and to hire more people. But even if prices do fall at the store, banks might raise fees and rates for their customers. They could also scale back “reward” cards or free checking to make up for the money they’ll lose from stores and restaurants.
At the end of the day our industry will not see any massive changes in the pricing of accounts.  We will see a reduction in debit card interchange – which will be positive for businesses and for those clients still on a tiered rate structure , will create a great opportunity for savings by switching to interchange plus pricing,