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Upgrade your Day-to-Day Cafe Operations with the Savor Live Payments Platform ft. Elavon
May 23, 2024
Savor Brands
It's time to take control of your bottom line!
- Elavon is a subsidiary of US Bank and utilizes state-of-the-art encryption technology, creating a secure digital wallet that safeguards your sensitive information.
- They handle all security measures around credit card processing, allowing you to focus on running your business and building loyal relationships with your customers.
- This is the base fee paid to credit card companies
- Traditional payment processors often bury interchange rates by charging a flat rate transaction fee, which generally mirrors the highest of rates, at times charging 2-3% higher than the true interchange rate plus an addition 10-30 cents per transaction! It shouldn’t be a one-size fits all model when it comes to transaction fees.
- With Interchange Plus pricing, you pay much closer to the true interchange rate plus + 10 cents. You will be able to see the exact interchange rate for each transaction (based on factors like card type and transaction method) along with our clearly defined margin for services.
- By working directly with Elavon, you'll obtain your own Merchant Identification Number (MID).
- This establishes your business as a legitimate entity with financial institutions, potentially improving your creditworthiness and opening doors to future loans for business growth. Over time, these advantages can translate into significant cost savings.
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