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Retex Services’ Credit Card Processing Program Includes Guaranteed Savings and Free Equipment

The price for retailers accepting major Credit Cards from customers has changed dramatically over the past three years. Retex has just concluded negotiations with a consolidator for credit card processing services that has guaranteed all Retex Members receive a 50% reduction in all profit centers compared to your current providers fee, no matter what profit they currently are being charged. Moreover, in order to ensure that all Retex Members are getting a great deal, in terms of their own personal situation, no Retex Member will be charged more than a 20 basis profit (the National average is 60 basis points, which is .6%), which will help mid-size and smaller Retex Members, as well.

This breakthrough program is unique to the Retex Member base. There is no longer one company that can accommodate all of the solutions necessary to the Retex membership. Here are two examples of why it is important to have many options available: First, a new program allows the following vocations of Retex Members to actually pay less money on items less than $15, and to actually not have to obtain a customer signature on transactions up to $25. In turn, speeding up the customer check-out process by 8 seconds per transaction! The vocational SIC Codes that are eligible for this program include:

Vocation
                                                             SIC Code

Artists Supply and Craft Shops                               5970
Bakeries                                                               5411
Beauty and Barber Shops                                      7230
Bookstores                                                           5942
Campgrounds                                                       7033
Candy, Nut, and Confectionary Stores                    5933
Car Washes                                                         7542
Convenience Stores                                              5499
Drug Stores and Pharmacies                                 5912
Dry Cleaners                                                        7216
Eating Places                                                      5812
Fast Food Restaurants                                         5814
Gift, Card, and Novelty Shops                               5947
Grocery Stores                                                    5411
Hardware Stores                                                  5251
Hobby, Toy, and Game Shops                              5945
Laundry, Cleaning and Garment                            7210
Laundries – Family and Commercial                      7211
Miscellaneous Food Stores                                  5499
Motion Picture Theaters                                       7832
News Dealers – News Stands                              5994
Parking Lots and Garages                                   7523
Photofinishing Labs                                             7394
Public Golf Courses                                            7992
Quick Copy – Reproductions                               7338
Restaurants                                                       5812
Tailors – Seamstresses                                      5697

The second example is a Retex Member who would like free credit card equipment. Credit card processing equipment is just like a small computer. They break down and need to be replaced. Whether you are an existing Retex Member who doesn’t want to have to pay $1,000 to have your credit card equipment replaced when it breaks down, or a Retex Member who is just applying to accept credit cards for the first time, the consolidator that Retex uses for credit card processing has a program available to save you the substantial outlay of funds, whether it is one credit card terminal, a dozen, or more.

There is no problem whatsoever for Retex Members who have Internet point-of-sale credit card processing, or are using their own industry point-of-sale system, and/or electronic cash register. Cutting credit card processing costs is guaranteed, no matter how you are currently accepting credit cards. On the other end of the spectrum, your company has never accepted credit cards, the Application Fee will be waived (approximate savings of $125).

A free, no-risk analysis of your credit card processing costs is available to all Retex Members. Simply submit two month’s worth of credit card statements along with your contact information to our toll free fax number, 800-308-3204. Or, call the “Business Services” hotline of Retex Services at 800-892-0879. (Members in Alaska and/or Hawaii call 800-517-0158), and provide your name, company name, title, phone number and email. Retex Services will contact you directly and provide the information you need to help cut your credit card processing costs, while maintaining your existing depository bank.

For additional information please contact Member Care.











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