Rates and Fees page

Merchant Account,card acceptance,credit card services,e-commerceCredit Card Processing and Merchant Account 
Services for Retail and Online Merchants

(802) 660-3980

 

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Rates & Fees

What is a Discount Rate?
A discount rate is the amount that you as a merchant will have deducted from each purchase.

Discount rates are calculated in two manners:   

  Net Deposits & Gross Deposits.
The difference being the manner in which your money from your daily sales are deposited.

Example:  

Gross Deposits Method:  If you do $100.00 worth of sales, the full $100.00  dollars will be deposited in your account.

The Net Method: The $100.00 minus your discount rate, would be deposited into your account.

I.E.: If you have a 3% discount rate, $100.00 minus 3%=$97.00 deposited into your account.
NMS uses gross deposits* and never charges 3%!

Compare our rates and you will find NMS to be extremely competitive and on top of this we utilize NOVA information System's unsurpassed operating platform.

The rates listed below are guaranteed to you in writing.
Incremental increases are passed to you only if Visa and Master Card increases interchange levels.

 

NMS offers two (2) Programs

Program I (standard)

Program II (for special risk or those of you with less than adequate credit)

Fee Item Program I Program II
Discount Rate Retail (swiped) 1.69% 1.89%
Discount Rate Mail Order/Phone Order 2.14% 2.69%
Discount Rate Internet Only 2.25% 2.72%
Transaction Fee (retail) $.25 $.25
Transaction Fee Internet $.35 $.35
Transaction Fee MO/TO $.30 $.35
Monthly Statement Fee $10.00 $15.00
Monthly Minimum Fee $12.50 $15.00
Application Fee $75.00 $95.00
Annual Fee $0.00 $0.00
 

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Northern Merchant Services: 
Phone: (802) 660-3980 
E-mail Address:  Northern Merchant Services
Member Service Provider, Regions Bank, Montgomery, AL.
Nova Information System

Send mail to webmaster@northernmerchant.com  with questions or comments about this web site.
Copyright © 1999 Northern Merchant Services. Last modified:Monday, March 05, 2001