About Zero Fees Processing

Zero Fees Processing is a payment processing service that does not charge businesses for processing credit card transactions. Instead of transferring the expense to the business owner, this service uses different revenue strategies, such as charging a small convenience fee to the customer or instituting a cash discount program and transfers the processing fee to the customer. This strategy enables businesses to accept credit card payments without incurring standard processing fees, providing a cost-effective payment acceptance option.

A payment processing system is a critical piece of technology that allows the transfer of online payments between buyers and sellers. This system enables the secure and fast processing of electronic payments made using credit cards, debit cards, and digital wallets. It ensures that payments are moved securely and accurately between buyers and sellers, making it indispensable for modern commerce and customer transactions.

Everytime a customer pays for a product or service with a credit card, the business is charged a network fee which goes to the credit card network provider. Traditionally this fee was charged to the business. This created a significant dent in their profits. With no processing fee services, this fee is charged to the customer. In this process the business adds a surcharge to the price of a product on credit card purchases. No fees doesn’t mean the processing fees have vanished. It simply means that there are zero costs for businesses when using credit cards.

A processing fee is a predetermined amount paid by the business everytime a customer uses a credit or debit card to make a payment. This fee is paid to the credit/debit card issuer and the network service provider. For example if a customer uses an American Express Visa card to make a payment, the processing fee will go to American Express (card issuer) and Visa (network service). This fee encompasses charges such as transaction processing, authorization, and settlement, which vary depending on the transaction type and negotiated terms.

Clover is a comprehensive POS system that comes with multiple customizable built-in features useful for small medium-sized businesses. It supports a user-friendly interface and the cloud based system allowing business owners to track their business transactions from anywhere. It provides a choice of hardware and software solutions that can be integrated with various accessories and third party apps improving efficiency and functionality. Clover POS comes with a few cons as it relies on internet access and users can face high cost of use compared to other POS. 

To connect the Dejavoo QD4 terminal to WiFi press the circle button located at the bottom of the Dejavoo device. This will take you to the settings tab where you will find the Wifi/WLAN option. Clicking on the WLAN tile will automatically show you the list of WiFi networks available near you. Select your network and enter the WiFi network password in the pop up box. Click on connect after you have entered the password. switch on the device and click on the settings option. From here click on the WiFi settings tab. Once connected, you will get a confirmation on the screen confirming that the connection was successful and will stay connected to the terminal. 

QuickBooks is a comprehensive accounting software used to track income and expenses, organize financial data, manage invoices and payments, and track tax payments. Popular with small and medium-sized businesses QuickBooks also includes payroll processing, inventory management, and financial reporting. Users also have the option of integrating QuickBooks with third-party apps making room for handling their financial operations effectively. 

QuickBooks is a paid program that offers a 30 days free trial to all new users. After the expiry of the free trial, users can choose from four different price plans. The plans have varying prices and features which are designed to meet different business needs. 

Biller Genie is an automated e-invoicing software that merges all your accounting processes in one place. All you have to do is generate your invoice once and Biller Genie will do the rest. The software gives you the option to send out your invoices on your chosen date on your company letterhead, schedule automatic late payment follow ups and reminders, collect subscription payments 24/7 by giving customers the option to autopay from anywhere. Biller Genie also allows integration saving you from duplicate work.  

SwipeSimple allows companies to take credit and debit card payments using a portable card reader that connects to a smartphone or tablet through the SwipeSimple app. To use SwipeSimple card reader make sure your Bluetooth and card reader are on. To connect, the app will show you a list of card readers, from that list choose the reader that matches the last four digits of your card reader serial number. Once the card reader is connected with the SwipeSimple app via Bluetooth, it will prompt you to “swipe, dip or tap” your card. Select the “receipt” option to enter a phone number or email address to send the receipt of the transaction.