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Save Hundreds with Discounted Credit Card Processing Rates - PPA Today

Save Hundreds with Discounted Credit Card Processing Rates

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By Sarah Ackerman

As a photographer and small business owner, you know the value of a dollar. But are you wasting your hard earned money on something as simple as credit card processing fees? As a PPA photographer, you can stop over spending! 

PPA has newly members-only discounted rates through Bank of America Merchant Services. Those who have already made the switch are reporting hundreds of dollars in savings!

Think of it this way: this benefit could pay for your PPA membership itself! 


The new and simplified rates for credit card processing are:

Mobile and Virtual Terminal:

Swiped: 2.31%

Non-Qualified (non-swiped): 2.91%

No per item, no set up fees

No monthly fees through Bank of America's virtual terminals.
Should you go through a third party such as PayPal, etc. additional fees may apply.

 

Terminal Pricing:

Swiped: 1.80%

Non-Qualified (non-swiped): 1.95%

No per item, no set up fees and no monthly fees.

 


That simple.

As a comparison, Square charges a flat 2.75% per transaction. So this is as simple as Square, but a lot more economical!

There are no (zip, zilch, nada) pesky monthly fees for the regular transaction processing and the table below should help you see the immediate savings:

Monthly Credit Card Transactions

PPA Members

Square Users

Monthly Savings

Annual Savings

$300

$5.40

$8.25

$2.85

$34.20

$1,000

$18

$27.50

$9.50

$114

$2,500

$45

$68.75

$23.75

$285

$5,000

$90

$137.50

$47.50

$570


Bigger and more savings are even possible with an interchange rate setup. It's more complicated, but if you process a lot of transactions each month, it will save you even more!

See for yourself! Bank of America Merchant Services is offering free statement comparisons - just call them at 888-317-5402 (7am-7pm CST) or email TellMeMore@BankofAmericaMerchant.com to see how much you could save. 

Make the switch to Be More Profitable.

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Sarah Ackerman manages all things social media for PPA and Imaging USA. When she's not living on the internet, she loves improv comedy, going on wilderness adventures, gallivanting around the globe, knitting, wood working and yoga. 



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About this Entry

This page contains a single entry by Professional Photographers of America (PPA) published on February 29, 2016 10:30 PM.

"Romantic Posing in an Architectural Setting" - FREE Video from PPAedu was the previous entry in this blog.

Copyright Small Claims White Paper Released by Visual Arts Associations is the next entry in this blog.

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