Local Calgary based Company Can Actually Do That For You

Running a business successfully and profitably is not an easy thing. You work very hard to make the money and cover your cost of wages, goods, store rent, taxes and of course payment processing fees. 

This article is about how to decrease your merchant fees from payment processing and how to find the best provider for payment solutions. This is an area where you can save a significant amount of money.

How much does payment processing cost?

To create a better customer’ experience you enable all types of cards, Tap option, POS systems, POS, and integrated solutions.  Do you even know how much all these are costing you? Is it clear how merchant processing fees are being calculated and in which way they can be reduced?

These 3 facts affect your payment processing fees:

• Whether customers use credit or debit card

 Merchant fees for credit cards payment processing are generally higher than for processing debit cards.

 Based on the sample of our customers – Canadian merchants – here is a percentage of   different cards used:

The fact is VISA and MasterCard combined is number one payment method in Canada and it is also the most expensive one for the merchant!

• Who your payment processing provider is

There are big differences between the pricing of the providers. It’s worth asking for a quote from several of them and compare.

•  How did you sign up with payment provider

Most business owners select payment processor based on a recommendation from their bank or they call some of the major payment providers they find online.  It is comfortable but neither option is going to get you the most affordable rates on your transaction processing.

How Blueline Point can help 

Business owners are usually not aware of the fact that a smaller but highly experienced company like Blueline Point can help them. We operate in the payment industry for over 18 years. We can supply solutions from several major processors in Canadian market to meet your specific technology needs.

Then there is a personalized service and accountability. We can get to know each other personally and you can call account managers directly when needed.

We also operate at a lower cost and can survive on lower profit margins and pass savings to you.

So instead of calling around, make one phone call and call us. We will take it from there and suggest the most suitable solution for your business at the price that makes you smile.

Understand Your Statements

Statements are confusing and it is an intentional strategy used by most providers because the truth is – they don’t really want you to know how much it costs.

Your statements come in multiple pages every month. The amount you pay seems to be changing, and when you do call to get it explained, it still doesn’t really make sense to you.

As a business owner, isn’t it important for you to understand exactly what your credit cards processing is costing you and why? Don’t you need confidence that your rates aren’t rising behind your back?

Blueline Point Corporation has been working with business owners for over 15 years answering these questions and providing affordable alternatives.

We at Blueline Point can review the billing and break down the often-confusing pricing structure. We can explain our pricing in greater detail and solve any technological solution you might have.

How do you search for the best payment solutions provider?

Look for someone like Blueline Point who has strong partnership with leading payment providers. Our connections and expertise can help us to design solution tailored to your specific needs.

As business owners ourselves, our goal is not only to provide more affordable merchant services for business owners, but to work with those same business owners to help improve their bottom line.

Our goal is to offer something extra; Something that is uniquely “ours”.

We offer resources, networking opportunities, discounts from our partners within our network, even loyalty programs and other opportunities to help our customers increase their revenue and improve productivity.

Blueline Point provide that personal touch that the big banks lack.

We believe our uniqueness lies in our local presence in Alberta, British Colombia, and Ontario. Due to face-to-face contact, we’re able to analyze your situation efficiently and provide the best solution.

Don’t let others take one more dime from you than necessary. Understand your merchant account statements, have hands on support whenever you need it and save the money you earn for more pleasant things.

Blueline Point as your payment processing advisor, would like to highlight what is available these days in terms of modern payment devices and POS systems.

(1) Clover Capital – Quick Funds Available for You

Do you want to expand? Make renovations? Upgrade your equipment? Purchase Inventory? or, even improve cash flow? With Clover Capital, it’s easier than ever to save the funds you need to turn your future credit and debit card sales into working capital.

How Does It Work?

1. Apply. To start, just tell us a bit about you and your business. It’s quick. Besides, you’ve got other things on your plate today.
2. Get Qualified. Approved applicants get their working capital advance amount based on their average monthly Visa, Mastercard, and Interac Debit processing volume. Brilliant, right?
3. Repay Based on Your Sales. You won’t get stuck with a fixed payment that your current sales can’t support. Repayment is made using a small percentage to your daily sales. When sales are strong, you pay more whereas when sales are slow, you pay less. Unlike a loan, Clover Capital has:
   • No fixed term
   • No fixed payment amount
   • No interest rate

(2) Clover Status Page

Save Clover status page to your browser or subscribe to updates so you will be informed about occasional system disruption, status updates and potential action to be taken to resolve the issue.

https://status.clover.com/

(3) New Generation of Clover Devices

New Clover Flex 3rd Gen

• Improved wireless charging
• Sleek looking 6″ large screen with disappearing borders
• Faster processor, more memory

New Clover Mini 3rd Gen

• Bright, durable 8-inch screen
• Light displays to indicate where to insert the credit card

Clover Kitchen Display

• 14″ screen protects from water and dust, heat resistant up to 122 F
• Supports high volume kitchens and multiple stations
• Replace kitchen printer, no need to order paper

Blueline Point as your payment processing advisor, would like to make sure you are taking advantage of available government programs to help your business financially during this time.  We have prepared  a brief recap of the 5 main Government Programs to assist your business during COVID-19. 

(1) Canadian Emergency Business Relief

Apply before the deadline until March 31, 2021

• Interest free loan of up to $60,000 to fund operating costs during decreased revenue periods
• If the loan is repaid prior to the end of December 31st, 2022, 33% of the loan (up to $20,000) will be forgiven
• Requires 2019 payroll of between $20,000 and $1,500,000
• More details https://ceba-cuec.ca/

(2) Temporary 10% Wage Subsidy

• Three-month measure that will allow eligible employers to reduce the amount of payroll deduction required to be remitted to the Canada Revenue Agency (CRA) (taxable benefit) up to a maximum of $9,625
• You can start reducing payroll remittances of federal, provincial, or territorial income tax in the first remittance period that includes remuneration paid from March 18, 2020 to June 19, 2020.

Eligibility:

• individual (excluding trusts),
• partnership,
• non-profit organization,
• registered charity, or
• Canadian-controlled private corporation (including a cooperative corporation) eligible for the small business deduction;
• have an existing business number and payroll program account with the CRA on March 18, 2020; and
• pay salary, wages, bonuses, or other remuneration to an eligible employee.

(3) Canadian Emergency Wage Subsidy

• Covers 75% of an employees wages (capped at $847/week) for employers who have suffered a drop in gross revenues of at least 15% in March and 30% in April and May
• 12 week program (applies from March 15th, 2020 to June 6th, 2020 initially but now extended beyond June 6th 2020)
• The baseline is either the same months in 2019 or the average of January and February of 2020
• Employees are eligible if they are employed by eligible employers during the qualifying periods and did not miss a period of 14 consecutive days in the period
• Employees can be retroactively rehired, providing that eligible employers rehire and retroactively pay according to the claim
• More details https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html

(4) Canadian Emergency Commercial Rent Assistance

• Qualifying commercial owners can apply for loans of 50% of the rent charged to eligible small businesses for April, May and June
• The loans will be forgiven if the owners agree to reduce rent by 75% for those periods and agree not to evict
• Small businesses would cover the remaining 25% for those months
• This may not apply to GHS or its landlords, but more details to come on this in the next few weeks

(5) Deferral of Income Taxes & GST

• Income Tax amounts owing between March 18th, 2020 and before September 2020 can be deferred interest free until after August 31st, 2020
• GST/HST amounts owing from March 27th, 2020 until the end of May 2020 can be deferred until the end of June
• All info can be found at https://www.canada.ca/en/department-finance/economic-response-plan.html#businesses

We’ve never experienced a time like this and the world is looking like a much different place than it did a couple months ago. We are keen for business to get back to “normal”, although we’re also realizing that normal may look a little different. At Blueline Point we are committed to providing the latest payment processing technology and POS solutions with a focus on mobility, e-commerce and safety.

CLOVER MINI SPECIAL OFFER

As you might be trying to figure out how to operate safely amongst social distancing and COVID-19 concerns, we want to be there to assist.

Get 2 Clover Minis for the Price of 1

Cleaning and Disinfecting Surfaces

TAP feature plus Apple Pay and Google Pay

The limit for TAP has been raised to $250 per transaction on Clover, although some banks may still restrict it to $100. Apple-Pay & Google-Pay allows customers pay with their smart phones or smart watches. They are gaining popularity along with TAP feature as they are touch-less. TAP feature is easy and intuitive to use on Clover.

Selling Online with Clover is Easy

With Clover it is now easier than ever to start selling online through Ecwid, which is Shopify-like alternative integrated with Clover.

Advantages and Features of Ecwid:

• 3 months FREE for our customers (then plans starting from $39 per month), unsubscribe anytime
• No additional paperwork required, start selling online within minutes
• Add the online order to your Website or we can create a new one for you
• Get your restaurant menu online and save by not paying third party delivery companies
• Mobile app and email notifications available to alert you when online orders have been received
• Customers can pay online or pay at pickup

Here are two examples of online ordering stores with Ecwid:
https://tacoshop.ecwid.com/
https://ecwidsurfshop.ecwid.com/

Delivery with Clover