Electric, Water, Sewer and Waste Disposal Services, are all considered to be public utilities by Visa, MasterCard and Discover. The reason that this is so important is because all 3 card companies have created special Utility interchange rates that are the lowest credit card processing rates offered to any industry or business type within the United States. The reason behind this reduced pricing is their desire to substantially grow within the utility payments marketplace.

Basically they want public utility companies to start pushing their customer base to pay their utility bills on credit cards more.  Whenever Visa and MasterCard want to grow in a particular industry segment, they offer reduced interchange fees in return for the hopes that those businesses will push for higher more credit card usage. They believe this to be a win-win situation for all parties involved. One thing is for sure, waste disposal, garbage disposal, and roll-off companies can now take advantage of extremely low processing rates, meaning minimal processing fees each month for their business.

Waste & Garbage Disposal Businesses Are Now Considered To Be A Public Utility

Waste Disposal and Garbage Disposal companies are now consider to be a public utility by Visa, MasterCard and Discover. This new classification allows your sanitation or roll-off business to receive the lowest credit card processing rates allowed to any industry within the United States. Y0u will need a merchant services provider who understands how to correctly register and setup your business with a Utility Merchant Account, so that you are able to take full advantage of these special reduced rates and fees. A Utility merchant is able to receive a processing fee of less than 1/2 percent. There is an additional registration process that is required during the process of approving your new Utility merchant account. These low utility rates are not just something that can simply be assign to your company, it requires special setup on the part of your processor.

How Do You Know If Your Business Qualifies As A Public Utility?

The criteria for your sanitation or roll-off company to be considered a Public Utility is that your business must meet just one of the following four guidelines:

• Scheduled Daily or Weekly Residential Trash Pickup
• Scheduled Daily or Weekly Rubbish Removal
• Scheduled Daily or Weekly Roll-Off service
• Scheduled Daily or Weekly Container Service (Removal is required within that same week)

If your business meets any one of the above criteria, you then qualify for a Utility merchant account and can receive this special preferred pricing.

Utility Pricing: All Your Business Pays Is A Set Transaction Fee, There Is No Fixed Percentage Rate!

The most important benefit to understand about this program is that there is NO FIXED percentage rate associated with utility credit card transactions. Your only processing cost is the transaction fees listed below for each card type. You only pay this fee regardless of the dollar amount of the sale.

Visa Debit – $0.75
Visa Credit – $0.75
Visa Commercial – $1.50

MC Debit – $0.45
MC Credit – $0.65
MC Commercial -$1.50

Discover Debit – $0.75
Discover Credit – $0.75
Discover Commercial – Normal Rate

These rates apply to both swiped and keyed-in transactions.

Example: If you were to accept a Visa consumer credit card payment in the amount of $1,000, all you pay is $0.75 cents in a processing fee. That’s it!

Tailored Transactions will provide your waste services business with our expert industry knowledge combined with the necessary tools to make accepting payments easier and more affordable. You will keep your incoming utility payments flowing smoothly by offering your customers multiple payment options, all the while guaranteeing that you are paying minimal processing costs. Our Waste Services Payment Solutions are built with the main objective of saving your business both time and money each month. Your success is our success!

Please visit Tailored Transactions online to learn more:  http://www.tailoredtransactions.com/waste_services

You can also call our office directly toll free at 888.669.1686 or send us an email at brohrer@tailoredtransactions.com

Tags: garbage disposal, garbage pickup, public utilities, utility credit card payments, utility interchange rates, utility merchant account, utility merchant services, utility online payments, waste disposal services, waste management merchant account, waste services

This entry was posted on April 21, 2011 at 11:24 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Posted in Utility Credit Card Payments Utility Interchange Rate Utility Merchant Account Utility Online Payments Utility Payment Solution Waste Disposal Services Waste Management Merchant Account by tailoredtrans No Comments Yet