Apr 11
16
Property Management Merchant Accounts
As a real estate professional in today’s struggling housing market, you find yourself trying to formulate new strategies and ideas in order to stay ahead and thrive. More than ever the old adage of “every dollar counts” rings truer and truer.
One of the major monthly expenses that many property management companies find themselves having, is their processing fees from the credit card and check payments they accept from their tenants. Fortunately, this is one expense that can be dramatically reduced while not sacrificing quality of service.
Tailored Transactions has specialized in processing credit card and check payments for the Property Management industry for more than 11 years. We have the industry knowledge and experience to ensure that your company’s merchant account is properly setup to take advantage of the preferred programs that are available to you. Below we explain some of those programs and how they can help reduce your monthly credit card processing fees by up to 50% each month.
MasterCard Now Offers A Special Processing Rate Of Only 1.1% On All Rent & Lease Credit Card Payments
Back in the Spring of 2008, MasterCard created a special interchange category for the Property Management industry called the Real Estate Credit Classification. This new program offers property managerment companies a special low processing rate of only 1.1%, on all consumer debit and credit card transactions for both short-term and long-term rent and lease payments. This new low rate also applies to all application or security credit card payments.
Cost-Plus Pricing Is A Must For Property Managers
Cost-Plus Pricing will give your company the ability to process ALL credit card and transaction types at their actual preset interchange rates. Interchange is the preset base rate (cost) by Visa, MasterCard and Discover for each card and transaction type. There are currently over 195+ interchange rates between Visa, MC and Discover.
Our processing rate is then applied as a flat fee on top across the board. So we will charge you the same processing rate regardless of the card or transaction type. Thus the reason this program is called Cost-Plus Pricing. When you combine Cost-Plus with the Real Estate Credit Classification, you are guaranteed to receive the absolute lowest processing fees possible!
Convenience Fees Will Help Offset A Majority Of Your Processing Costs
The Property Management industry is only one of a select few industry’s that is allowed by Visa and MasterCard to charge a convenience fee on credit card transactions. By properly setting up and charging this fee, you can offset roughly 80-85% of your overall monthly processing costs, tremendously reducing your out-of-pocket expense.
There are some specific guidelines that you must adhere to in order to stay in compliance. Tailored Transactions will work with your company to help properly setup and implement this convenience fee, and ensure that it is set for the right dollar amount to offset as much of your processing costs as possible each month.
Free Credit Card Terminal Packages & Multiple Payment Gateway Options From Which You Can Choose
Your property management company will have it’s choice from our multiple processing equipment and software packages.
Free Terminal Package # 1 – Hypercom T4210 High Speed Terminal Click Here
Free Terminal Package # 2 -Hypercom T7 Plus Click Here
Available Payment Gateway / Virtual Terminal Options:
- Authorize.net (Free Setup – $99.00 Value)
- Revolution Payment Gateway (All-In-One Payment Solution)
- eProcessing Network
- IC Verify
- Skipjack
- PC Charge
- Virtual Merchant
If you are interested in using a different type of payment gateway, simply let us know. We are compatible with most all mainstream payment gateway companies.
We Can Offer Your Property Management Company The Keys To Lower Fees And More Convenience!
With our customized property management payment solutions, you will be able to accept application and rent payments from your tenants in person, online and over the phone, with ease. You will have the peace of mind of knowing that your monthly processing costs are minimal, with the convenience and time savings benefits that our processing equipment packages offer. We want your main concern to be managing your properties, not your payments.
You can visit Tailored Transactions online to view all of our Property Management solutions here: www.tailoredtransactions.com/property_management.html
You can also contact our office directly and speak with one of our Merchant Business Consultants by calling toll free (888)-669-1686
We look forward to speaking with you and Earning your business!
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