Welcome To
MSB Processing
In order to provide the customer with a complete solution, MSB, has formed a direct relationship with Swiped, in order to provide Interchange processing for all of our merchants. MSB Proccessing. was established in 2003 by founders with over 25 years of experience in the credit card processing industry.
MSB Processing LLC
About us
In order to provide the customer with a complete solution, MSB, has formed a direct relationship with Swiped, in order to provide fixed-rates for all of our merchants. Swiped. was established in 2017 by founders with over 35 years of experience in the credit card processing industry. MSB prides itself on having no signup, no application, or no set-up fees.
OUR SERVICES
Merchant Account Rates
MSB PROCESSING
Equipment Dejavoo QD4
Credit Card Processing, Gateway Processing, Software Packages, Check Truncat ions, and Gift Card Packages are just a few of the services we offer.
- Eliminates paper jams with revolutionary SureLoad printer
- Prints receipts in half the time of previous generation printers
- Supports longer paper rolls for fewer paper changes
- Reads driver's licenses for positive ID with triple track reader
- Operates quietly and quickly
MSB PROCESSING
Frequently Asked Qusetions
The short answer is Yes. All 50 states allow businesses to offer cash discounts because of the Durbin Amendment, which states that businesses may offer discounts to customers as a form of incentive for paying with cash. As long as the consumer is made aware of all aspects of the program clearly and visibly, the merchant can actually save on processing fees, which can add up over time.
This was pa rt of the 2010 Dodd-Frank law, which was a provision of United States Federal Law, 15 U.S.C. * 1693o-2, that limited the fees that retailers could charge for debit card transactions. As a result of the Durbin Amendment, Section 920 of the Electronic Fund Transfer Act was added regarding debit interchange fees and rules for debit card transactions. Merchants may offer an incentive or discount to their customers who pay through alternative methods besides credit/debit cards.
Cash Discount Program merchants must display signage by the entrance and in front of all point-of-sale locations in order to be compliant. Further, a clear display of the based cost, cash discount, and total of the sale must appear on the customer’s receipt.
Definitely not. You will be provided with signage that states, “All prices are cash prices.” This means your prices will not need to be adjusted. If they use a credit card, the service fee will be automatically added to the cash price.
Merchants who accept cash discounts offer a discount on credit card prices when consumers pay in cash.
A merchant may display cash prices for goods being sold and then charge an additional fee on top of those prices for customers who pay with a credit card.
Our example above shows a 5% processing fee, but most businesses pay between 2-4% for credit card processing. Each merchant account charges a different credit card rate for qualified cards, mid-qualified cards, and non-qualified cards. Most rates vary based on the type of card. Fees are determined by card types and any merchant fees added on top of the actual cost to process a credit card payment.
We will gladly switch you to a traditional processing rate if you are unhappy with the Cash Discount Program.
Cash discount programs that are legal in all 50 states can only be offered with the assistance of a credit card processor. Check to see if it’s capable of integrating a cash discount program with your current system. Hence, when it comes to recovering the 2-4% of all transaction revenue lost to processing fees, you have to be cautious. To stay compliant, you must have the best partners.
