ForumsMerchant Services

Using Bank of America, Welcome

Tell us more about yourself and your business.

Thanks and good luck, LUCKIEST

Hi Cookiecrumbs, I just prepared a quote for a subway franchise that is using Bank of America and we are actually 11% less. Let me know if you would like to discuss.

Thank You,

Patrick Gray

HomeCoast Capital

Phone 302-565-4233

Email pgray@homecoastcapital.com

Cookie,

What you are asking is if your gateway store (Yahoo) is compatible with your credit card processor (Bank of America). The definitve answer to that is: Maybe. You need to find out from your credit card processor which 'front end network' platform.they utilize, which will be something like FDR, Vital, or whatever. . Then, you need to contact Yahoo tech support and find out if their system is compatible with that platform. It's as simple as that. The credit card processor possibly can set up your merchant account on a number of different front-end platforms, so if you find out which one(s) Yahoo works best with, then you can ask the merchant processor to please set up your account on that platform. If they can't, then you need to either select a different gateway or a different merchant account provider. What you absolutely do NOT want to do is paint yourself into a corner with some hokey 'bundled' solution in which you're locked in on both ends.

Now that we've answered the B of A/Yahoo question, lets move on to other issues; The 'next day deposit' issue isn't anything particularly special or unusual in the processing industry. If your business type, credit,
average ticket and volume numbers support it, any reputable processor should be able to provide that. If, on the other hand, it is not justified, no processor will provide it for long if at all, including B of A.

Be aware also that, while B of A is a very good processor, if you think you are getting bargain rates by processing with your bank, guess again because this is not necessarily the case at all. There are lots of good processors out there offering very good processing programs which your bank offered deal may or may not match up with. And don't let anybody tell you that you must process with a particular bank if your bank account is there, because that just is not so.

Moral of story: Do your due diligence and shop around a little before you bite on the first hook that drops in the water.

AMSPCS
www.MerchantServices-help.com