Small Ticket Programs

Host Merchant Services is committed to bringing its clients the lowest fees  in the industry. Our Small Ticket Program is a feature that helps us do that for those of you who process transactions at $15 or less.

While some processing companies hide added percentage points in the difference that exists between small ticket and large ticket processing, Host Merchant Services gives the savings directly to you. The Small Ticket Program gives you a lower interchange rate and that saves you more money in processing fees for all purchases $15 or less. Many Merchants have seen debit savings tied to the Durbin Amendment, which caps Interchange fees at $0.24 and 5 basis points. Smaller merchants, however, do not see much savings when running transactions under $15 because the capped post-Durbin rates take up a larger percentage of the total ticket — 2.1% of a $15 ticket — before any additional fees are incorporated.

Host Merchant Services’ Small Ticket Program allows qualifying merchants to pay a per item fee of only 5 cents, while paying an interchange rate of 1.6% — saving merchants money on lower transaction amounts since the per item fee is less of a burden on the overall effective rate.

Visa opened up the types of businesses that qualify for Small Ticket Processing in November, 2010. Now each of these industries qualify:

  • Local Commuter Transport
  • Limos & Taxis
  • Bus Lines
  • Bridge & Road Fees/Tolls
  • Grocery Stores/Supermarkets
  • Convenience Stores
  • Service Stations
  • Fast Food Restaurant
  • Drug Stores
  • Book Stores
  • News Dealers, Newsstands
  • Dry Cleaners
  • Quick Copy, Reproduction & Blueprint
  • Parking Lots & Garages
  • Car Washes
  • Motion Picture Theater
  • Video Tape Rental Stores
  • Post Stamps/Government Only

 

If you qualify for the program contact us today and let us know.

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