Yahoo Store Merchant Account Questions

  1. What is a CMS "Free Placement"?
  2. Can I really take cards on my iPhone?
  3. How long does it take to get setup?
  4. What is a Wireless Service Fee?
  5. What cards will I be able to take?
  6. Do I need great credit to get approved?
  7. Which "Free Terminal" will I get?
  8. How long has CMS been around?
  9. What is the fastest way to sign up?
  10. Do you offer any credit card processing service other than mobile processing devices?
What is a CMS "Free Placement"?

The CMS Free Terminal Placement program is a program in which we give you a wireless terminal to use in your business. This terminal may only be used when you process your transactions through a CMS approved merchant account provider. There are no upfront equipment costs for this, and normal rates and fees do apply.

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Can I really take cards on my iPhone?

Yes. We have a PCI certified swipe device available that attaches to your iPhone or iPod touch. It basically turns your iPhone or iPod touch into a wireless credit card terminal. You will even qualify for the much lower swiped / card present discount rate of 1.69%.

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How long does it take to get setup?

If we receive your completed and signed application along with any requested supporting documents (voided check, etc) we can have your account approved the same day in most circumstances.

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What is a Wireless Service Fee?

The Wireless Service Fee is a fee, much like the cell phone companies charge you for wireless services. As we don’t “own” the mobile networks, we need to “buy” their service in order to give your wireless terminal the ability to communicate with the card networks (Mastercard, Visa, American Express, Discover). The wireless fee will only be applicable when you are using a stand alone wireless device such as the WaySystems 1581, or a Verifone wireless terminal. When using our iPhone swiper, your communication will be through your existing cell phone’s data plan.

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What cards will I be able to take?

Our standard account includes MasterCard, Visa, and Discover. Additional fees may apply to American Express transactions. Please contact a merchant account advisor for further details.

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Do I need great credit to get approved?

No. We work with multiple banks, and multiple payment processors. Some require good personal credit, others do not. If you have deeply blemished personal credit please advise of prior to submitting your application and we can make sure that we provide with the appropriate application from the start.

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Which "Free Terminal" will I get?

We will assess your account and advise you of what Free Terminal you qualify for. Currently our most popular “Free Terminal” is the WaySystems 1581. If you have a specific preference, please discuss this with your merchant account advisor. In most circumstances we should be able to accommodate you.

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How long has CMS been around?

Capital Merchant was originally formed in 1997 as a Sole Proprietorship, and Incorporated in April of 2000. We have helped tens of thousands of merchants with their payment processing needs over the years. We are an accredited member of the Better Business Bureau with an outstanding track record, and have been awarded their highest member rating of "A+".

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What is the fastest way to sign up?

You can sign up for your mobile merchant account by either giving us a call at 1-877-495-2419, or by submitting our Pre-Application… click here.

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Do you offer any credit card processing service other than mobile processing devices?

Absolutely! We have a full line of dialup and IP terminals point of sale terminals available such at the Nurit 2085, Verifone VX510le, Verifone VX570, Hypercom T4205, Hypercom T4220, Hypercom T7plus, as well as many others. We also have options available for internet and home based merchant such as our FreeAuthNet - Authorize.net Payment Gateway and Free Merchant Account offer, Yahoo Store Merchant Account, as well as the DowCommerce Internet Payment Gateway with Recurring Billing.

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