Not always, we have several options available, please inquire.
Depending on account placement, merchants are paid deposits daily, weekly & bi-weekly.
Contact AMP and one of our representatives will explain in detail how every solution works and what the benefits are.
Yes! Our acquirers approve companies on a case-by-case basis. What’s important to us is your business plan or model and how you intend to ramp up the volume.
Yes. Each company is reviewed on a case-by-case basis.
The gateway is easy to use and easy to integrate. The technicians will walk you through the whole process. The gateway comes with all of the scrubbing parameters (fraud prevention measures and databases) included and may be used in combination or separately as a real-time Internet solution or a virtual terminal. This of course depends on what business category you are in.
Depending on account placement, we do not have monthly fees, but we do have a monthly minimum for processing volume. Most companies charge statement fees, monthly maintenance fees, monthly access fees, gateway fees and huge application fees.
We have 3 basic fees: the transaction fee, discount fee which varies according to business; (reserve usually 5% to 10%); charge back fee. We keep it simple by providing no hidden charges, NO garbage fees and NO application fees “for direct accounts.”
The transaction fee, the gateway and the scrubbing are all bundled into one fee.
Discount rates are quoted by analyzing your past processing statements, company financial strength, credit ratings, business category, amount of time in business and other information you provide.
The reserve, if any, is usually 5% to 10% . Reserves are held by banks to ensure against losses due to uncollected fees, merchant fines, excessive charge backs, etc. The reserves are held on a 6-month rolling basis in which the held funds from the 1st month will be released to the merchant on the 7th month and so forth.
YES, absolutely! Having your own merchant account and descriptor can save you a lot of money and headaches. Your descriptor will show up on your credit card statement as: (your company name or your choice of a name and an 800 number or whatever your customer service number is).
NO, security for accounts is built by the rolling reserve.
Multiple currency settlements available. “USD and Euro are most common.”
The length of time will vary on how quickly the paperwork and documentation is received by AMP. Once we have all the requested documentation, you’re about 72 hours from being fully integrated and processing.
Get Started Today
Establishing a merchant account is easy! The entire process will take just minutes of your time and you’ll be up and running in a matter of days.