Services
Payment Processing
IPS can provide nearly any merchant with a gateway to accept non-cash payments. We offer very competitive rates and adaptive technology to facilitate various business models with multiple payment options, including debit or online (PIN) debit at zero discount rate.
Internet Processing with Secured Gateway
Online shopping continues to be a huge source of revenue for many companies either as a sole means to conduct business or as a compliment their store front locations. IPS can help you find the right combination of processing capabilities, so you can remain focused on driving the business.
Check 21 and Electronic Check Payments (ACH)
IPS’s electronic check payments/ACH services gives online merchants the power to process checks securely with real time consumer authentication and checking account validation. We help make accepting e-checks easy and efficient, while streamlining back office accounting. Solutions are easy to set-up and easy to use, often requiring only a web-enabled PC and check scanner. Virtually any business can benefit, including those considered non-traditional or high-risk.
Check Conversion and Guarantee
Turn paper checks into electronic payments at the point of sale. This payment option is a great way for all types of businesses to reduce bank fees and check handling expenses, while increasing cash flow. Plus, utilizing Check Conversion and Guarantee helps minimize fraud risk, a big plus for merchants today.
Alternative and Mobile Payments
As more commerce moves into the global and mobile marketplace, merchants need informed, cutting-edge solutions to stay ahead of the market. IPS offers industry leading reach, with solutions for mobile customers and merchants located worldwide.
Cash Advance
We can help businesses who cannot, or do not wish to go through a bank, obtain loans based on their processing volume.
Online Viewing of Processing for Merchants
Monitor activity on your accounts or your individual locations’ accounts. This system gives you the power to track processing activity and maintain better control of your business.
Gift Card Programs
Gift Card programs can increase sales, as part of an incentive program, and provide a way to build brand presence. Implementing a gift card program though IPS can help you improve sales and direct customer cash to the bottom line, even before delivering the product or service.
MERCHANT ACCOUNT RATES AND FEES
To minimize costs, ensure that you and your employees follow the procedures in the guidance we provide. By doing this you can avoid small service fees and downgrade charges that can add up over time.
IPS has the most competitive rates in the industry. Our rates and fees depend on the type of business you have, the methods and technology you use to take payment data, which card and payment types you are accepting, and more.
It is important to understand that different rates will be applied to your processing activity as a function of the type of card, the manner in which the card is processed, and your adherence to required processing rules. To minimize your costs, it is in your best interests to ensure that you and your employees follow the guidance we provide at the time we activate your account.
The lowest rate, and the rate you should receive most frequently, is your Qualified Rate. To receive the Qualified Rate on a given transaction, certain criteria apply including, but not limited to, swiping the card if you are a swiped merchant, utilizing the Address Verification Service (AVS) and providing all available data elements as described in your boarding instructions or gateway integration materials.
The Mid-Qualified Rate will apply to certain card types and is a rate you should expect to be assessed with some regularity. Our Mid-Qualified Rate is extremely competitive, and in many cases, our Mid-Qualified Rate is lower than other processors’ Qualified Rates.
The Non-Qualified Rate is a premium priced rate assigned to certain card types, such as cards issued by non-U.S. banks. In addition, if the merchant fails to batch daily, all card activity will be downgraded to this rate. To minimize costs, always batch each and every day.
Specific criteria for the application of the above rates varies according to the rate plan assigned to your account. We always endeavor to assign a rate plan that best suits your processing profile, as you describe it to us. Plans may be revised as a merchant experiences normal processing activity and volume, or other business conditions change.
