| Understanding the options: |
| eFaith Quick Appss :: Payment Processing Services |
| |
Custom Pay |
Value Pay |
Processing partner |
|
|
Restrictions |
- |
- |
Uses merchant account |
Yes (compatible with FDMS, Nova, Paymentech, Vital, EDS processors) |
No |
Uses std. checking or CMA account |
No |
Yes |
Name on customer credit card statement |
Your DBA name |
PAYPAL + transaction number |
Cards Accepted |
Visa, MasterCard, AMEX, Discover |
Visa, MasterCard, AMEX, Discover, eCheck |
Online Check Payment |
No |
Yes |
Auto Reoccuring Billing / Periodic Payments |
No |
No |
Transaction fees |
Negotiated with your merchant bank |
|
eFaith Service fee Setup: Monthly: |
$225* $60*
|
$79.95 $5.95
|
Advantages |
- Very quick processing system
- Merchant bank account provides a middle ground for funds
- Seamless look & feel with Quick Apps
- Transactions can be voided at no charge or credited for a nominal fee.
|
- LOW setup fee
- Very quick setup time
- Money available in account immediately
- NO merchant bank hassles
|
Disadvantages |
- Higher monthly fee
- Merchant bank account can add setup time
- Money settles to account in a 4-5 day process
- No online check processing
|
- PayPal displays on customer's credit card statement
- Customer briefly redirected to PayPal site
|