PROCESSING
Conventional Processing
Typical Conventional Processing Expenses:
- Interchange Fee
- Discount Fee
- Transaction Fee
- APF
- NABU
- Dues
- Assessments
- Monthly Fee
- Annual Fee
- Terminal Fee
- PCI Fee
- PCI Non-compliance Fee
Do you know what all those fees are for? Which ones are negotiable and which are not? If you're promised a lower rate, but a higher terminal or annual fee, do you come out ahead?
What you really care about is your Effective Rate, which means at the end of the day, are you paying more for your credit card processing or less?
Next Day Funding?
An Intuit study released in February 2019 found that cash flow issues are the biggest concern for small businesses.
66% of small business owners reported that the time it takes the money to process after receiving a payment has the largest impact on their company’s cash flow, compared to 34% reporting not getting paid by customers or clients within the terms of payment.
If your business is struggling with cash flow, there are merchant account options that offer next day funding with a late batch cut off.
Free consultation:
Schedule a time with Robin Hood Business Services to sit down and go over your current statement. All the fees on your current statement will be explained. If possible, we will show you how you can come out ahead. If we cannot get you a lower effective rate than you currently have, we will tell you to stick with your current processor. No sales pitch. No BS. No contracts. No sneaky price increases. Guaranteed!
Easy Transition:
Typically, the transition to a new processor is easy. Robin Hood Business Services will be on-site to install and train, and we will assist in closing out the account with your current processor. If your current processor has a termination fee, let us know. We may be able to pay all or part of that fee. You receive a direct cell phone number for support. Does that sound better than what you have now? Schedule your appointment with Robin Hood Business Services today!
Robin Hood Business Services can set merchants up to accept all four major credit card types: Visa, Mastercard, Discover, and American Express. Additional brand resources for merchants are provided here:
Retail POS Systems
Our retail POS systems deliver high quality solutions that are unmatched in reliability and functionality
Brand Resources:
Zero-Cost Processing (Cash Discount)
Eliminate Credit Card Processing Fees
The Cash Discount Program is a way to offset some or all of your current merchant service fees without increasing your overall rates. Basically, you implement a service charge to all customers, except those who pay with cash.
How does it work?
- You buy a terminal for $200
- A 4% “non-cash fee” is charged to each customer when they use their card
- No contracts
- Only $25 per month
Contact Robin Hood Business Services at 218-688-2204 to get started today!
eCommerce
Customized eCommerce Solutions
Our Tools For Building Your Solution
- Payment Gateways
eCommerce becomes a snap when you’ve got a payment gateway managing your transactions. We offer multiple payment gateway options.
- Virtual Terminals
Robin Hood Business Services provides even more flexibility for your online shopping experience with our virtual terminals.
- Online Shopping Carts
Get expertise and support for your website’s online shopping cart. We’ll help you find the one that works the best with your payment processing setup, and help you keep it working smoothly.
- Mobile Payment Technologies
Stay on the cutting edge of mobile payment technology. We offer both iPhone and Android solutions for your business. Customers can seamlessly connect to your online shopping cart right from their phone.
Standard Features
- Lowest Rate Guarantee
If we can't save you money with our low rates, we’ll give you a $50 gift card.
- Great Service
We are available to help when you need us, providing 24 × 7 customer-focused support and service.
- No Hidden Fees
No annual fee, no application fee, no monthly minimums and low or no PCI fee. What you pay is transparent and clear. We don't hide any charges.
- Lifetime Rate
Lock in your rate for your customer lifetime.
- No Contracts
No contracts. No early termination fees. Cancel anytime free of charge.
Robin Hood Business Services offers the latest in payment gateway support and eCommerce technologies. We can assist you in implementing a complete eCommerce solution including security and PCI compliance. Our solutions support all major payment gateways and a virtual terminal is included for all eCommerce merchants.
ACH Processing
Why is ACH Processing a smart choice?
LOWER TRANSACTION COST
CONVENIENCE
FASTER PROCESSING TIME
SECURITY
RECURRING BILLING
Automated Clearing House Network (ACH) Processing is moving money from one checking account to another. The virtual solution offered by Robin Hood Business Services can be enabled to process via ACH in addition to processing by credit card.
Lower Transaction Costs
Credit cards processing typically costs about 3% per transaction; whereas, ACH can cost 1% or less. This reduced cost can result in a lot of savings for businesses with large transaction amounts or regularly recurring transactions.
Faster Processing
ACH settlement is faster than checks, but typically slower than credit cards. By comparison, a check can take five to six business days, a credit card can take two to three business days, and ACH can take three to four business days.
Security
Help remove some of the most common fears about checks by using ACH instead. Since ACH transfers are direct, they eliminate intermediaries and are not vulnerable to forgery or misplacement like checks can be.
Convenience
Using ACH makes money transfers simple by giving your customers the option of making a one-time payment or of setting up recurring payments. Since the transaction takes place between two bank accounts, ACH save your business the trouble of following up with customers about payment failure due to credit card expiration.
Recurring Billing
ACH is a great idea for businesses that run on a subscription model, since setting up recurring payments is easy and it is the most cost effective way for your business to save money on transaction fees. The more transactions a business makes, the more you can save on transaction fees.
Learn if ACH processing is right for your business by calling
Robin Hood Business Services at
218-688-2204 for a free account review.
Fleet Cards
Become a Fleet Card merchant and grow your customer base. Drive more revenue and growth through increased in-store traffic and repeat business from local, regional, and national fleets. Merchants that take Fleet Cards are paid quickly and securely, giving them more time to focus on their business. In addition to 24/7 customer service, you will receive:
- Listings in merchant locator tools
- Competitive fees through your approved merchant processor
- Flexible equipment options include point of sale (POS) devices, such as
the Ruby2 POS
The WEX fleet card network is used by more than 4 million commercial and government fleet drivers. We’d like to help you get more of their business. As a WEX fuel partner, you’ll attract more business vehicles to your pumps. Using the WEX custom fleet card program, you’ll build brand awareness and customer loyalty to grow your bottom line even more.
WEX cards are the most popular fleet cards on the market. When you partner with WEX, you become part of a huge network that helps local businesses find your locations. Join the 95% of U.S. fuel retailers that accept WEX cards.
Being part of the nationwide Voyager Network allows you to grow your business while serving the needs of fleet customers. Beyond those in your community, drivers and fleet managers from across the country actively seek Voyager Network locations along their routes to purchase fuel, maintenance and other fleet-related items and services. Voyager also offers custom discount programs that allow you to expand sales and build stronger relationships with specific fleets. There are two ways to accept payments:
- Voyager Fleet Card for card-based purchases
- Voyager Maintenance Solution to take advantage of the innovative and easy-to-use cardless technology available exclusively from Voyager.
Contact Robin Hood Business Services to sign up and start accepting Fleet Cards today!
EBT Cards
Expand Your Business by Taking EBT Cards!
What is an EBT Card?
EBT stands for "Electronic Benefit Transfer." EBT cards are the primary source for government-issued benefits. Government programs such as state issued food stamps - Supplemental Nutrition Assistance Program (SNAP) benefits, Women/ Infants/ Children (WIC), and Temporary Assistance to Needy Families (TANF), are all issued benefits via an EBT card.
How EBT Works
The card is similar to a debit card, as the cardholder has a specific personal identification number (PIN) that must be used when accessing their available funds. To process an EBT card, the card is run through an electronic payment system that authorizes the transfer of the card holder’s government benefits to the retailer.
EBT CardEBT systems use the same magnetic stripe electronic funds transfer technology for online authorizations that many grocery stores use for their debit card payment systems. EBT is a special application of electronic funds transfer (EFT) technology, which takes money directly from one account and transfers it to another.
EBT eliminates the cumbersome processes required by the paper food stamp system by eliminating much of the paper handling through automated accounting. By eliminating paper coupons that may be lost, sold, or stolen, EBT may help cut back on food stamp fraud. EBT creates an electronic record of each food stamp transaction, making it easier to identify and document instances where food stamps are exchanged for cash, drugs, or other illegal goods.
EBT recipients like the convenience and security. They can draw their benefits as needed instead of receiving a month’s allotment at one time. If the card is lost or stolen, it can’t be used by anyone who doesn’t know the PIN. It can easily be canceled and replaced. Many recipients have said that using EBT reduces the stigma associated with food stamp coupon use.
Banks and retailers like EBT because the automated accounting reduces labor costs. There are no coupons to sort, count, or bundle. The federal government saves time and money by moving to EBT since the process of printing, transporting, safeguarding, distributing, accounting, and destroying the printed food stamp coupons is eliminated.
Since July 2004, all 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and Guam were operating state, city, and territory-wide EBT systems to issue food stamp benefits. The EBT card is the only acceptable way to take food stamps in all United States.
How to Get Your Business Started
For retailers to accept food stamp as payment, they must be approved by the U.S. Department of Agriculture's (USDA) Food and Nutrition Service division. Your business must get at least 50% of its sales from food stamp eligible foods, or offer at least three different types of food daily in each of the four food staple groups (grains and bread; fruits and vegetables; dairy; and meat, poultry and fish). At least two of those categories must have perishable foods.
Retailers who wish to start accepting food stamps in their store can apply online by registering for a USDA eAuthentication account. After sending in all requested documentation, allow the USDA at least 45 days to notify you of its decision. Once you have your EBT number, contact Robin Hood Business Services to get your equipment programmed. To process a food stamp payment, you will need to have each customer swipe his EBT card at the terminal. If you change your store location, you will be required to apply again to accept food stamp benefits.
Gift Cards
Email Robin Hood Business Services to get started providing Gift Cards to your customers today!
GET YOUR COPY OF: Top 10 Tricks of Unscrupulous Credit Card Processors: CLICK HERE TO GET YOUR FREE REPORT