Auto-Debit System® - Merchant Fee Disclosures

In order to process auto-debits with the Auto-Debit System®, our internet merchant account is required. In order to process card-present-swiped transactions, our retail merchant account is required. A Cash Practice® representative will call you within 24 to 48 business hours after you join Cash Practice® Systems in order to complete the merchant account bank application. You will have an opportunity to read the application prior to signing it. This application is then submitted to our partner company, Processing Point Inc (ISO), who works with the bank. Approval generally takes 5-7 business days.

Below are the merchant account fees charged for processing payments. In summary, the internet merchant account has NO monthly fees of any kind (unlike other merchant accounts) and you are only charged the discount rate and a per transaction fee (like every other merchant account). The retail merchant account has a $9.95 monthly retail access fee. The merchant accounts also have NO contract period (unlike other merchant accounts). You can cancel at any time with no penalty. For Credit/Debit Card Processing, there is a monthy minimum of $25 and for Direct Debit EFT there is a monthly minimum of $15, however these are NOT additional fees - Just monthly minimums.

In accordance with PCI DSS regulations, merchants are required to have an Approved Scanning Vendor (ASV) scan their computer system. Cash Practice® Systems has teamed with Trustwave, an industry leading ASV, to provide this service for only $148 per year (for both merchant accounts). See PCI.CashPractice.com for details.

Merchant Account Fees
Why Our Merchant Accounts?	- Accept All major Credit Cards - Works with Bank Account EFT - We Complete Application For You - 99% Approval Rate - No Cancelletion Fees! - No Long Term Contracts - Lowest Prices on the Internet - Integrates with Auto-Debit System®
Why Internet & Retail Merchant Accounts?	The Auto-Debit System® uses both Internet & Retail Merchant Accounts so you are always paying the lowest processing fees. Any transaction that is key-entered or auto-debited automatically gets processed with the internet account, whereas any card-present swiped transaction automatically uses the retail merchant account. You never have to worry about which merchant account to use. The Auto-Debit System® chooses the right one for you.
USA Internet/MOTO Acct	Credit/Debit Cards	Bank EFT
Why Use an Internet/MOTO Merchant Account	The internet (MOTO) merchant account is used for all card-not-present transactions. This includes any key-entered or auto-debit transactions. We use this instead of a traditional retail merchant account because the rates for card-not-present transactions are lower with an internet merchant account.
Internet VS. Your Current Retail Merchant Account	Our Internet/MOTO Qualified Discount Rate is LOWER than most Retail Card-Not-Present (key-entered) - including our own!	Can't process Bank EFT with Retail Merchant Accounts.
Very Low Internet Qualified^ Discount Rate	2.39% Visa® & Mastercard® Discover® & Amex® set their own rate	1.79%
Very Low Internet Transaction Fee	$0.31 Per Transaction	$0.50 Per Transaction
Discount & Transaction Fees Monthly Minimum	$25	$15
Monthly Statement Fee*	$0.00
USA Retail Acct	Credit/Debit Cards
Why Use our Retail Merchant Account?	The retail merchant account is used for all card-present transactions. By using a card-swiper you will get the lowest processing rates possible. The benefit of using the Auto-Debit System™ Retail Merchant Account vs. an ordinary credit card terminal are many. Benefits include: Cash Practice® USB Card Swiper can be used with any computer Cash Practice® USB Card Swipers are inexpensive so you can easily have one on every one of your computers for very little cost And of course all the transactions are reported on using the incredible CashPractice.com reports & stats
Retail Equipment (USB Card Swiper)	Retail merchant account requires the use of the Cash Practice® USB Card Swiper. Order them HERE
Very Low Retail Qualified^ Discount Rate	1.79% Visa®, Mastercard® Discover® & Amex® set their own rate 1.59% Visa® & Mastercard® Debit Cards
Very Low Retail Transaction Fee	$0.19 Per Transaction
Monthly Retail Access Fee*	$9.95
Monthly Statement Fee*	$0.00
Merchant Security Fees
Annual TrustWave PCI DSS Analysis Fee	$99 for 1 Merchant Account (Retail or Internet) $148 for 2 Merchant Accounts (Retail & Internet)
AVS (Address Verification Service)	$0.00
Monthly Access Fee*	$0.00
Monthly Gateway Fee*	$0.00
*For U.S. Accounts, Zero monthly fees for internet merchant account, however Credit/Debit Discount & Transaction fees have a $25 monthly minimum and Direct Debit EFT has a $15 monthly minimum. Retail merchant account has a $9.95 monthly access fee. ^Credit card mid & non-qualified rates are higher. Auto-Debit System Lite memberships with only a Retail account have $25 monthly minimum and 1.79% debit card rate. Each merchant account has an Annual $99 PCI DSS Compliance Fee collected by Processing Point in two payments on behalf of TrustWave, the Approved Scanning Vendor. The first $50 by the third month after merchant account approval and the remaining $49 several months later. Memberships with both a MOTO & Retail Merchant account have an annual PCI DSS Compliance Fee of $148 for both accounts ($50 Savings). Failure to compy with PCI will result in $15 per month fee for each merchant account. See PCI.CashPractice.com for details. Canadian Accounts have an additional $100 Setup Fee, $15 Monthly Fee, 2.55% Qualified Discount Rate and $0.15 Transaction Fee. Visa & MasterCard each have a $15 Monthly Minimum in fees. Canadian accounts also have a $300 Early termination fee if account is closed within first thirty-six months. Merchant accounts are provided by Processing Point Inc. Processing Point Inc. is a registered ISO/MSP of Merrick Bank and Harris Bank.