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Offer your customers more payment options. Erply supports a variety of modern, secure solutions.
Get up and running in moments with our easy plug-and-play setup. Erply supports Mac and Windows PCs, tablets, and mobile devices. Integrate your payments system for more ways to way.
We’ll work with our partners to ensure that your store setup is equipped with payment hardware that’s cost-effective, easy-to-use, and most importantly, secure. We offer the best rates for your business, starting at 2.2% + $0.10 per transaction.
Our Trusted Payment Solution Partners
Compare Your Payment Processing Rates
Bank of America
Starting at: 2.30% – 3.50% + $0.00 – $0.15 per transaction
Chase Bank
Starting at: 1.99% + $0.25 per transaction.
CitiBank
Rates are quoted specifically to each business based on volume, industry, and more.
US Bank
Starting at: 2.75% + $0.29 per transaction.
HSBC
Rates are quoted specifically to each business based on volume, industry, and more.
Well Fargo
Rates are quoted specifically to each business based on volume, industry, and more.
How Credit Card Processing Fees Affect Your Business
*Consider the entire package of rates and fees with your provider*
General rates and fees
Transactional Fees
Transaction fees are the biggest cost of operating a merchant account and come in two forms:
• Percentages (e.g., 2.19%, 0.25%)
• Per-item dollar amounts (e.g., $0.20, $0.0195).
Often, both forms are charged on a transaction.
Scheduled Fees
Scheduled fees vary by name, value, and applicability, some of them will show up on your monthly statements. Always charged on all transactions.
• Monthly fees usually range from $5 to $15. It may be higher if it includes PCI compliance and gateway fees.
• PCI compliance costs $100 per year, on average, though some companies may prorate it and charge it monthly, sometimes baked into the monthly fee.
• Gateway fees vary, depending on the payment gateway you use. Most are charged monthly, though some also charge a small per-transaction fee.
• Various network fees such as MasterCard’s Merchant Location Fee and Visa’s Fixed Acquirer Network Fee (FANF) that the processor passes on to you as either monthly or annual fees.
Incidental Fees
Incidental fees only appear per occurrence (when a chargeback occurs, for instance). Some months have not any chargebacks. Chargeback fees usually cost $15 or $20 per incident, but may be as much as $45.
Other common fees
• Batch fees are nominal, daily fees that you pay when you close out the day’s sales, costing 10 to 30 cents (usually the same amount as your per-transaction fee).
• Address Verification Service (AVS) fees usually cost a few cents per-transaction when you use this anti-fraud tool to verify the address and ZIP code of the cardholder.
• Voice authorization is another anti-fraud tool with a small per-use fee. It’s rarely required, but you’re charged for each occurrence.
• PCI non-compliance is an expensive monthly fee charged if you fail to establish and maintain your PCI compliance.
• Non-Sufficient Funds (NSF) fee is charged if you don’t have enough money in your business bank account to pay the fees you owe the processor.
Fees to avoid
• Cancellation fees
• Club or membership fees
• Fees to pay for what the contract vaguely defines as “additional services”
The financial “middlemen”
• Credit card associations: the companies that create the credit cards, like Visa, MasterCard, and American Express.
• Credit card issuing banks: the financial institutions that issue the credit cards, like Chase, Citi, and Wells Fargo. Some card associations take on the role of a bank as well, developing and issuing their own cards. Examples include Discover and American Express.
• Credit card processors: also known as acquiring banks or just acquirers. They pass batch information and authorization requests along so that merchants can complete transactions in their businesses. A merchant may encounter several acquirers for one transaction – one that creates monthly statements, one that handles technical support, and one that issues money to a bank account.
• Merchant account providers: the companies that manage credit card processing (e.g., sales, support, etc.), usually through the help of an acquirer. They could be financial institutions, independent sales organizations, or double-duty acquirers, depending on the situation.
• Payment gateways: special portals that route transactions to an acquirer, usually in the case of an online shopping cart.
Secure Payment Solutions
Payment technology is constantly updating to keep up with the latest security innovations.
The US marked the end of a 40-year era when it transitioned from magnetic stripe cards to EMV or chip cards. Past payment devices that utilized magnetic stripe technology were prone to attempts at card fraud.
The new EMV standard significantly reduces the risk of a consumer’s payment information becoming compromised. EMV chips are virtually impossible to copy when inserted into a payment machine, unlike the easy-to-copy layout of magnetic cards.
With EMV payments comes room for plenty of security innovations as retail evolves.
Don’t be held accountable for card payment fraud
When the EMV standard was upheld in October 2015, all merchants without an EMV-compatible POS system were declared responsible for any chargebacks and fraudulent card acceptances. If a customer’s card was compromised after it was swiped via magnetic stripe, the retailer would be held accountable.
It’s important to note that this responsibility only applies when an EMV card is presented at the point of sale.
Non-EMV cards are extremely rare — most banks automatically upgraded consumer’s cards to EMV cards once the standard was put in place. Businesses are not responsible for the security of non-EMV cards (think an old gift card).
If a merchant doesn’t own an EMV-enabled device, it’s impossible for their payments system to detect if any incoming card payments are from an EMV card. For this reason, upgrading all payment terminals to be EMV-enabled will ensure that your business is not responsible in the event that a non-EMV card receives a fraudulent charge.
How do I know if my terminal is EMV-enabled?
During checkout, an EMV-enabled terminal will signal that a card should be dipped.
A terminal that is not EMV-enabled will signal that a card should be swiped during checkout.
How EMV will benefit your business
Other than the security benefits mentioned above, EMV payments allow businesses to process payments faster and on a wider range of devices.
Mobile payments and contactless payments are two EMV-enabled options that are rapidly growing in popularity because they provide an easier customer checkout experience. Working with an EMV-ready solution enables your business to offer payment options that your customers prefer.
Security innovations
Hackers and x move at a fast pace, but security technology is faster. Keeping your business up-to-date with EMV devices opens the doors to the latest security innovations
• Data encryption
• Data tokenization
• Device management from anywhere
The latest technology doesn’t just keep you and your customer’s data secure — they also help you identify areas of improvement with real-time usage analytics.
Upgraded payments systems
The use of EMV-enabled devices gives you more ways to set up your payments internally. Fully integrated systems, such as digital wallets, makes it easier for you to manage transactions sen to and from your business.
A notable benefit here is that integrated payment systems often comes with additional third-party support. Partnering with trusted names in payments ensure that consistent security updates will be pushed to your payment devices, keeping your customer’s data safe from fraud.
What Do I Need to Accept Payments?
For equipment
• A payment terminal – the device to take customer card payments via swipe, dip, insert, tap, or manual entry of the card number. Point-of-sale (or POS) terminal, credit card machine, PDQ terminal, or EMV/chip-enabled terminal are also names used to describe these devices.
• An electronic cash register – or till. This register calculates transactions, and may print out receipts, but it does not accept customer card payments.
• An integrated payment terminal – a payment terminal and electronic cash register in one (it takes payments, registers and calculates transactions, and prints receipts).
• A merchant bank – financial institution that processes credit and/or debit card payments on behalf of merchants. Acquirer, acquiring bank, and card or payment processor are also terms for this entity.
For system
• The cardholder data environment (CDE) – the entire process for accepting card payments. Payment system may include a payment terminal, an electronic cash register, other devices or systems connected to a payment terminal, and the connections out to a merchant bank.
• Encryption or cryptography – this makes card data unreadable to people without special information.
When you sell products or services online, you need to understand eCommerce payment system. For this you must have:
• An eCommerce website – this houses and presents your business website and shopping pages to your customers. The website may be hosted and managed by you or by a third party hosting provider.
• Shopping pages – that shows your product or services to your customers, allowing them to browse and select their purchase, and provide you with their personal and delivery details. No payment card data is requested or captured on these pages.
• Payment page – this is the web page or form used to collect your customer’s payment card data after they have decided to purchase your product or services. Handling of card data may be managed exclusively by the merchant, partially managed by the merchant with the support of a third party using a variety of methods, or wholly outsourced to a third party. Using a wholly outsourced third party may be your safest option.
• Payment system – this includes a website with shopping pages and a payment page or form; connected devices or systems (for example Wi-Fi or a PC used for inventory) and connections to the merchant bank (also called a payment service provider or payment gateway). System is either wholly outsourced to a third party, partially managed by the merchant with support from a third party, or managed exclusively by the merchant.
Request a Free Demo
Erply is a modern, secure payments solution for retailers of any size.
We’ll work with your current store setup, or help upgrade you to the latest secure payment hardware. The best part? We offer payment processing at competitive rates, so you have more room to grow your retail business.
Erply helps you sell more, for less
• Device setup is quick and easy
• Streamline the payment process and reduce transaction errors
• The most payment options for your customers
• The highest level of security for all transactions
• Online sales, offline returns
• Integrated payments solutions at the best rates for your business
To learn how Erply’s payments can be customized to fit your growing business: