Welcome to Radiant Payment Systems
Cutting edge technology for credit card processing
Our clients save up to 40% on average
Do you want to know how much you can save?
HOW PROCESSOR PRICING FUNCTIONS
You are paying to:
- Credit or debit card issuer. This is termed as Interchange. Usually you pay the largest amount here.
- Visa, Mastercard, American Express or other card brands.
- Creators of the technology platforms.
- The Pin Debit networks like Interlink and Maestro that process pin debit transactions.
- Credit Card Processing company also known as Merchant Service Provider.
- Other third party players like virtual terminal, gateways (like Authorize.net), PCI compliance, etc.
You are paying because:
- You have taken a loan. Processor’s sponsor bank provides the deposits for your batches in the form of a loan.
- Technology is secure but expensive. You pay for the million dollar secure technology that informs you about the approved or declined status whenever you swipe any card.
- Bank account deposits happen somewhere between 24-72 hours.
- Point of Sale systems, gateways and other third party technologies help in making payments easier to process.
- Round the clock customer service from Credit Card Processor
You are paying this:
- A complex set of percentages and transactional fees based on card type, industry and methods used for acceptance. This is termed as Bank Card Interchange.
- Card brands like Visa, MasterCard, etc typically charge anywhere between .22% to .28%.
- Merchant Services Provider also known as your Credit Card Processor usually charges a certain percentage rate and transaction fee in the form of Service fees.
- Miscellaneous third party fees such as Pin Debit Network fees for pin number processed cards, PCI compliance fees and gateways, etc.
Step 1:
Compile your last month’s processing statement
Step 2:
Upload your statement securely by clicking below
Step 3:
We will get back to you with our analysis within 48 hours
Radiant Pricing
Completely transparent, deception free pricing; no hidden fees. We don’t play tricks like Tiered Pricing, Qualified, Mid Qualified, Non-Qualified, Surcharges, Bill Backs.
Pricing options available
Every Merchant must know about these three most common pricing patterns.
Interchange Plus
Simply the best one out there. Reason? Transparency: It empowers the Merchant to know exactly how much their processor makes each month. The processors might use various tricks to persuade you to opt for any other type of pricing, but there is no better alternative than this one.
Words like Qualified, Mid Qualified, Non Qualified, and Surcharges are the red flags that you must look out for. If these exist on your statement, you don’t have Interchange-Plus. Immediately contact us for a review.
If you do have Interchange-Plus pricing, your Processor might still be wasting thousands of your dollars by not monitoring your interchange diligently. To know the way out, contact us immediately.
Tiered Pricing
Perennially bad for merchants. This pricing in not transparent. The statement this pricing includes blurs the line between what Mastercard, Discover, Visa and American Express charge. Also, what goes to the Credit Card Processor is not clear. The sole purpose of this pricing is to perplex the merchants and increase costs by any means like surcharges, etc. Merchants should keep a distance from processors who sell this type of pricing.
Always be on the lookout for red flags like Qualified, Mid Qualified, Non Qualified or Surcharges. If you find any of these in your statement, you are on Tiered pricing.
You are potentially wasting thousands of dollars with this pricing. Immediately contact us so that we can help you upgrade to Interchange-Plus
Flat Rate Pricing
One of the most liberating things in this world are details. The truth resides in the details. And the truth about Flat Rate pricing is never in the favour of merchants. This pricing is potentially dangerous and can be draining thousands of dollars from you. Your processor might persuade you with compelling reasons to opt for Flat rate pricing. They would even say that some months, they may actually lose money. But, this is not necessarily true.
Flat rate statements conceal crucial information that you must know about your Interchange. This information is very important to check whether your interchange is correct. Also there is an added risk of set up being incorrectly done. This can and will expose you to fines from Mastercard, Visa, Discover, and American Express.
Red flags that you should look out for in this case are “Lack of detail”, and/or ”Flat percentage rate”. If you happen to find any of these in your statement, contact us immediately to set you up for Interchange-Plus
Interchange-Plus Pricing not making sense to you?
Even after having Interchange-Plus, your Interchange is very high? Well, let’s work it out then!
A Credit card processing statement is full of various fees and charges. It’s really hard to decipher even for financial experts. So, merchants not being able to understand it is actually quite common. But, that does not mean that you are not entitled to know what you really should be paying. Allow us to make it simple for you.
Just gather up your statement and send it to us. Within 48 hours, you will hear from us with an analysis and way better option that you should allow you to save your hard earned money.
Why Review Your Statement
Trusting your processor is one of the most important foundations for your business. But, are they really trustworthy? Well, many of them are not. Especially after merchants are taught to fully understand their statements by us. Sneaking in cost increments every month is their modus operandi and hence having a recent analysis may not really help.
Just in case you don’t have time to upload your statement? Call us at +1-713-981-6610
Testimonials
Thought about us from our esteemed clients.
- 8313 Southwest Fwy, Suite # 215, Houston TX 77074, USA
- info@radiantpsi.com
- +1 713-981-6610
About Radiant PSI
Looking for an honest answer to your questions? Looking for answers related to the PCI, PCI fee or more information about the PCI? Want to know why your total cost is high even when your rate is low? Get in touch with Radiant Payment System Inc and get all your queries resolved
RADIANT PSI Is A Registered Independent Sales Organization Of Wells Fargo Bank, N.A., Concord, CA
The Clover® Name And Logo Are Owned By Clover® Network, Inc. A Wholly Owned Subsidiary Of First Data Corporation, And Are Registered Or Used In The U.S. And Many Foreign Countries