New Year? New Goals? New Capital?

December 12, 2017

What’s in store for your business in 2018? Expansion plans? Smooth out cash flow? Take the pain out of that tax payment? OMEGA Processing’s short-term capital funding program can help.

With our funding program, you essentially enter into a purchase agreement with OMEGA Processing Solutions. In exchange for a designated amount of funding, you contract to sell a set amount of future credit card receipts back to OMEGA Processing every month. The specified percentage of the receipts and the term of the payback agreement are agreed upon when signing the agreement.

Advantages to you?

  • No collateral, hidden fees or closing costs
  • No hassle — we deduct the payment automatically from your credit card receipts
  • No need to worry about making a set monthly payment amount during down times because the payment percentage is tied to your credit card sales.

For more information about Business Funding Solutions from OMEGA Processing, visit our website or call 866.888.9724 Ext. 7.

working-capital-funding

 


Process with the Best

December 6, 2017

As a business owner, you probably get inundated with cold calls, emails and drop-in visits about credit card processing. Everybody promises the lowest rates.

Low rates_2                      low rates_1

 

At OMEGA Processing Solutions, we want to provide you with the very best value possible but encourage you to look at the entire picture. Here are some pretty compelling reasons as to why OMEGA is a cut above the rest.

Pricing Model

OMEGA’s “interchange-plus” or “pass-through” pricing model is generally noted as the most transparent and fair pricing method within the industry. In this method, the charges going to the issuing bank and credit card associations are broken out on the statement.

Traditional “tiered” pricing hides the interchange costs and allows processing companies to charge more of a mark-up. Flat-rate pricing models don’t allow merchants to benefit from the lower interchange fees on debit cards.

NO Contract, Early Termination Fees or Equipment Leases

We want to earn your business at OMEGA. That’s why there’s never a lengthy contract term or early termination fee for our merchants. Also, there are no expensive equipment leases that tie you into a processor for three – four years.

Customer Service

When there’s an issue with your credit card processing, it’s essential to have help readily available. OMEGA’s U.S.-based 24/7 customer service team is always just a toll-free call away. In addition to transaction and terminal issues, our team of knowledgeable professionals are available to assist with PCI compliance, equipment installation and any other needs that arise.

Fund Holding and Risk Policies

Many companies receive complaints about their unclear transaction limits and fund-holding policies.  At OMEGA, our service associates proactively reach out to merchants when there’s a potential issue and work with each account on an individual basis to help ensure a positive outcome.

Don’t Just Take Our Word For It

OMEGA has an A+ rating from the Better Business Bureau and has been BBB accredited since 2005. In addition, we have an “A” grade from cardpaymentoptions.com, an independent organization dedicated to ethics in the credit card processing industry.

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Not all credit card processing companies are alike. Give us the opportunity to show you the “Unsurpassed Value and Unmatched Support” of OMEGA Processing Solutions. Contact us at www.omegap.com to learn about our products and services and even request a price quote.


What’s New With OptBlue?

November 20, 2017

OptBlue, the small business card acceptance solution from American Express, has undergone some recent enhancements. Here’s a look at why there’s never been a better time for your business to accept American Express.

  • New pricing and policy changes have been made to Government, Education and Hospital industries so it’s easier to enable more merchants on OptBlue.
  • Disputes policies were updated to maintain fairness and transparency. In the first three months the new policies were in effect, disputes were down 11%, and merchants saved over $5MM in chargebacks.
  • OptBlue wholesale fees for small restaurants transactions were reduced

Want to know more about OptBlue and its rates and fees? This short video provides an excellent overview.

 


OMEGAlife Online Proposal and Application Solution Released

November 14, 2017

‘Game changing’ app to establish  OMEGA as the company others strive to become

[FORT THOMAS, Kentucky – November 14, 2017] To say that a significant milestone was reached this month at OMEGA Processing Solutions would be an understatement.

“It is with a great deal of pride, humility and thankfulness to all involved that I announce that the first-ever merchant application using the OMEGAlife online, electronic signature application was submitted,” announced OMEGA President, Todd McHugh.

In development for just five short months, OMEGAlife is a URL-based, tablet-enabled solution for OMEGA Account Executives to create real-time pricing proposals and deliver electronically signed merchant applications without paper, faxing, scanning or email. OMEGA partnered with Gaslight, a Cincinnati-based, experienced and agile software development firm, in the development and production of the application.

In addition to reducing errors and approval time, the OMEGAlife app also provides enhanced security features. Merchant application information is entered into the tablet device, encrypted and securely transmitted to servers protected by the industry’s most current data encryption software. The Payment Card Industry Data Security Standard (PCI/DSS), which governs the handling of data by all entities within the payment processing industry, is followed throughout the entire process. The result is a faster, more accurate and more secure merchant application process.

“Over the coming weeks and months, we will continue to refine and enhance this ‘game- changing’ application in order to cement OMEGA’s status at the forefront of the payments industry and as a company that others strive to become,” continued Mr. McHugh.

For more information and a demonstration of the OMEGAlife application, please contact OMEGA Processing Solutions.

About OMEGA Processing Solutions

Founded in 2003, OMEGA Processing Solutions is a premium provider of electronic transaction processing and data delivery. The company offers electronic payments processing, B2B and e-commerce solutions, mobile payments, point-of-sale system integration, short-term capital funding and gift card programs to thousands of businesses across the United States. OMEGA has an A+ rating from the Better Business Bureau and is a member of the BBB Center for Marketplace Ethics. Based in Greater Cincinnati, OMEGA also has regional offices in the Cedar Rapids, Iowa, Columbus, Ohio, and Louisville, Kentucky, markets. For more information, please visit www.omegap.com or call 866.888.9724.


Mobile Made Easy with OMEGA

November 8, 2017

Now you’ll never miss a sales opportunity with OMEGA’s mobile payment solutions. Every business is different, and OMEGA has different mobile payment options to suit various operational needs. Here’s a breakdown of our mobile offerings. Which one works best for you?

SwipeSimple Mobile Reader

EMV mobile payment solution using the free SwipeSimple app for iOS and Android devices. Online merchant dashboard provides inventory, product and account management capabilities.

Mobile Swipe Reader with VT

Non-EMV mobile swipe reader using the free iProcess app for iOS and Android devices. This option includes all standard features of OMEGA VT, our virtual terminal product, including e-commerce, invoicing, billing, as well as upgraded security and fraud-protection options.

Mobile-Only Swipe Reader

Non-EMV mobile reader without the full virtual terminal services. The reader uses the iProcess app for iOS And Android devices and has limited reporting and administrative virtual terminal functions.

USB Reader

This Ingenico brand card reader connects to a computer and OMEGA’s VT product for card-present transactions. EMV and non-EMV options are available. This includes all standard virtual terminal features, including e-commerce, invoicing, billing, as well as upgraded security and fraud-protection options.

Check out these videos for more info on our mobile products, then contact OMEGA’s customer service department at 866.888.9724 Ext. 7 for product and pricing details.

 


Saving on B2B Interchange

October 13, 2017

Did you know that by providing just a few extra fields of information on B2B transactions using corporate and purchasing cards, your business can qualify for lower interchange rates? This is often referred to Level 2 and Level 3 data and can result in a significant interchange savings over a typical consumer transaction.

Background

Level 1: This level of processing refers to business-to-consumer (B2C) transactions, during which consumers use their personal credit cards. The data required to process a Level I transaction is small, but the interchange rates are higher.

Level 2: Level 2 credit card processing refers to a more detailed transaction designed to support business-to-business (B2B) payment processing. Commercial accounts often require the ability to monitor and control credit card spending, and Level II processing simplifies these transactions.

Level II transactions can qualify for lower interchange rates. Basically, Visa/MasterCard recognize that if you, as a business, are providing all of this extra information, the sale is more likely to be legitimate. As such, they are willing to provide a lower cost for the sale.

Level 3: This B2B processing takes everything one step further. Most merchants will never have the opportunity to accept Level 3 cards, but if you’re processing a B2B-heavy industry or accept a lot of Government cards, having Level 3 data acceptance may help reduce your interchange costs even further.

How You Can Save

If you regularly process B2B transactions, utilizing Level 2 data will help you achieve savings on interchange rates, typically around 0.50% lower. To accept these transactions, you will either need to have a standalone terminal or processing gateway that allows you to input the extra fields. OMEGA VT, our virtual terminal, can be set up to do this. In addition to information collected in a Level 1 transaction, you will also need to input tax amount, Merchant State and Postal Code, Tax ID information and Merchant Category or SIC code. This can result in a significant annual savings for just a little extra effort — time is money in this case!

To learn more about how Level 2 processing can help your business, contact OMEGA Processing today.

866.888.9724

http://www.omegap.com

 

 

 


NO Contract. NO ETF. NO Long-Term Leases

October 11, 2017

Are you tired of long-term contracts with high termination fees? What about multi-year  leases costing you thousands of dollars for a terminal that you could have bought for a few hundred?

Talk to us. At OMEGA we want to earn your loyalty. That’s why we have NO merchant contract or termination fee. Also, we provide you with multiple, affordable ways to purchase or rent-to-own your terminal. After you finish paying for it, the equipment is yours.

Call us at 866.888.9724 or visit our website at www.omegap.com for more information. You can even request a price quote from our online tool, just click HERE.

We look forward to doing business with you.

No contract