DATATrue Offers a Lower Option for Business Owners
DATATrue may be best known for its customer verification services, but it also offers a full line of electronic banking services such as debit/credit card processing, return check processing, electronic funds transfer, and automatic clearing house processing.
Credit card and debit card processing is usually an expensive proposition, but with DATATrue businesses have a significantly less expensive option. Businesses are sure to like that they charge a flat transaction fee on all debit card transactions, with no added on percentage rate – a hallmark of most processors. DATATrue’s percentage rates on credit card processing are typically 15-30% below other processors.
Customers interested in processing debit and credit cards via DATATrue should submit two months of recent bank statements to get a free comparative analysis showing what the store owner is currently paying in credit card fees versus what they would pay through DATATrue.
Businesses are also likely to reap the benefits of DATATrue’s recurring automatic debit, also known as automatic clearing house processing. This option is often a perfect remedy for customers who are repeatedly late with payments. As long as you have written permission from your customer beforehand you can log onto DATATrue’s secure banking server, enter the customers’ bank account information, payment details and payment cycle and then let the system do the work. The recurring payment will automatically be transferred into the business bank account from the customer’s bank account on schedule. One-time payments are also possible with this syste, by providing information over the phone and there is no long-term binding contract constricting your future options.
If a business wants to accept paper checks from their customers and then convert it for inexpensive electronic submission to a bank, they should look at DATATrue’s electronic funds transfer. This gives businesses the ability to electronically submit paper checks directly from their premises. This is a great way to prevent customers from turning away from a business who only accept cash or electronic payments. The funds from the converted electronic transfer usually arrive in the business bank account within 1 business day. Another benefit of using DATATrue’s electronic funds transfer is that when the unfortunate situation of non-sufficient funds arises, fees charged for the returned cheque are as low as $1.85. This is significantly lower than the typical dealer charge of between $7 and $15. No software or equipment is needed for Electronic Funds Transfer.
For more information on these electronic banking services available to RTO dealers or DATATrue’s customer verification data services, contact Steve Lenhart, DATATrue’s RTO Executive Account Manager at: 662-253-5014.
