COCARD – Finally, a credit card services company that understands and works with you. NATP has entered an agreement with COCARD which provides members incredibly low rates and special savings. Click here to read their latest release of savings deals just for NATP members. You can choose a four month seasonal account with no charges the rest of the year or, for only $5 per month, accept credit cards for those late filers or other bookkeeping services. NATP members may further benefit by introducing clients to this flexible, competitive service and receive a $50 referral fee. There is no contract involved for this service, you will not be "locked in" to any agreement!
For those members already accepting credit cards:
Take the COCARD challenge. Fax a recent complete statement from your current provider to 866.903.1046. It will be analyzed and the savings will be quoted in writing.
For those new to accepting credit cards:
- Low “members-only” rates of 1.85%, (check-debit cards are 1.55%), plus 25 cents per transaction. Half the transactions in the U.S. are check-debit cards; therefore, your average rate becomes 1.70%! Rates quoted are good until raised by Visa and MasterCard. Discover and American Express can also be set up at your request.
- Card not present (MOTO-mail order, telephone order) rates are 2.30%, plus 25 cents per transaction.
- Only a $5 per month statement fee – no minimums, application, batch or set up fees.
- COCARD is flexible. No lengthy contract with an early termination penalty is required.
- Next day funding is available on yearly contracts.
- No new equipment is necessary…your present terminal will be reprogrammed over the phone if you like. Should you need a terminal, a new up to date, fully compliant Omni Veriphone Vx510le (to see it click here) www.cocardanderson.com/VX510.pdf for $199 plus tax and freight. Payment will be deferred until January 2011. When your terminal arrives, plug it in and it is ready to use. COCARD will provide training at no cost. Support is available 7 days a week, 24 hours a day.
NEW feature - Check Warranty Verification - $0 monthly minimum, 1% rate, five cents per transaction and a one time set up fee of $50.
Fax your NATP/COCARD Confidential Information Sheet along with a “voided” check to 866.903.1046. The information will be used to complete an application and returned to you for signature.
NEW DEVELOPMENT - Our industry has been inundated with a number of compliance mandates from Visa/MasterCard/Amex/Discover (the “Card Brands”), and federal and state regulations. These mandates deal with a wide range of security and identity theft protection practices, the most visible of these being the Payment Card Industry Data Security Standards (“PCI DSS”). Other regulatory and Card Brand requirements include, among others, the Fair and Accurate Credit Transactions Act (“FACTA”), the Red Flag Rules contained in FACTA, PIN entry device (“PED”) compliance and AMEX CAPN.
The Card Brands have mandated and required that all merchants must “Comply with PCI DSS”. The Card Brands have enacted rules that require merchants to be compliant with the PCI DSS today. The rules do not extend any grace period or extended time frame for compliance. As a result, you will be billed $120 annually for compliance and protection provided by NPC, the company providing processing service to COCARD. NOTE: you may decline participation in this program. If you decline, however, you put yourself and your business at significant risk for fines, fees and other costs associated with a merchant’s failure to comply with PCI/DSS and/or the theft of card data in connection with your card processing services.
Call COCARD at 800.333.0826 with any questions and let them know you are an NATP member.
http://www.natptax.com/Member%20Only%20Documents/Affiliate%20Info/cocard.pdf