Atlanta, GA, August 28, 2008 --(PR.com
)-- Payment Transaction Systems LLC, a leading personalized service provider of merchant accounts for small and medium sized businesses, announced the nationwide roll out of its’ Flat Rate processing program for new car dealerships. With the new Flat Rate program being offered by Payment Transaction Systems, New Car Dealerships nationwide will be charged a flat fee for all of their transactions with no corresponding transaction fee, per item fee, statement fee, batch fee or annual fee. The flat fee will be charged in the form of a discount rate and is guaranteed to be below 2%.
“With this new pricing structure, new car dealerships have the opportunity to greatly increase their profits by lowering their electronic payment acceptance fees. The savings incurred by the industry, and for individual dealerships will be substantial" said Gregory Cancryn, President of Payment Transaction Systems, LLC.
“However, fees aren’t everything, the simplified statements and robust reporting are invaluable to businesses who need to manage their accounts payable more efficiently,” added Mr. Cancryn.
The benefits of participation are many, including personalized service with assigned account managers, and on-line reporting capabilities. However, the program is highlighted by reduced processing costs, and simplified billing procedures, resulting in the reduction of man-hours or even the elimination of certain data entry bookkeeping procedures currently used to track individual card types, and costs.
The Flat Rate program was developed due to increased objections to the costs new car dealerships incur when accepting credit cards. “Business owners need a break,” said Gregory Cancryn “and this was a program we could implement that would simplify billing, save new car dealerships money while increasing our market share, it’s a win-win situation. The simplified discount rate with no transaction, authorization, statement, or any other fees, which covers all cards and card types, swiped or keyed in, coupled with personalized service, will truly revolutionize the way the new car dealership views their merchant service relationship. ”
Feedback from participants who where involved in the early implementation of the Flat Rate Program is positive. “I like that it is cost effective and simple. Our customers' prices were pretty low to begin with, but with Flat Rate Pricing our new car dealership customers are saving about $500.00 every month, plus it’s easy to read and understand the statements, so our customers are happy.” said Melissa Roberts Client Relations Manager, and a key implementation team member.
Mr Cancryn concluded, "Payment Transaction Systems, LLC is pleased to offer this product into the market at this time. We believe the Flat Rate Pricing, with’ its robust reporting, simplified statements and low price point will be a welcome addition to the product offerings available on the market today."
Payment Transaction Systems also recognizes that many dealerships have more than one location, and currently process with many processors. This program seeks to consolidate and simplify data for these dealerships; affording clients uniformity, convenience, increased dependability, and cost savings.
About Payment Transaction Systems, LLC
Payment Transaction Systems is a leading personalized Merchant Service provider, tailored to the discerning merchant. They focus on merchants who want great price without sacrificing exceptional service. Payment Transaction Systems was founded on the principles of Integrity, Outstanding Service and Low Cost.
For more information on Payment Transaction Systems, visit www.paymenttransactionsystems.com