Dharma does not charge extra for PCI, but you are required to complete the Self-Assessment Questionnaire (SAQ) and web-scanning. Web scanning is required per PCI Compliance regulations for any merchant processing over an Internet (IP) connection – so this will impact online/virtual merchants, and any merchant who connects their credit [...]
Dharma has a $1.00/voice authorization fee. Most merchants will never utilize this service. A voice authorization is occasionally requested by Visa/Mastercard if there are potentially fraudulent indicators on a retail sale. For example, your customer may have recently placed a fraud alert on their credit card for large transactions, and [...]
This will not apply to most merchants. Dharma’s monthly wireless fee is $20, and is only assessed for merchants using wireless terminals like the PAX s90. Dharma operates on the T-Mobile networks, and does not require a contract directly with T-Mobile. We will setup all of the wireless services on [...]
Dharma’s chargeback fee is $25. A chargeback occurs when one of your customers disputes a sale with their credit card company. Visa/Mastercard have a specific process that both parties will follow during a dispute, called the chargeback process. When representing you in the chargeback dispute, we will communicate directly with the [...]
Address Verification Services are included free of charge at Dharma. For our Virtual accounts, this fee is included in our $0.11/transaction margin, since we feel that all merchants should be utilizing the Address Verification Services (AVS). AVS helps you protect against fraud by forcing your customers to input the address information associated [...]
Telecheck fees are very straight-forward, at 1.50% of check volume, and $0.20/check transaction. Telecheck does not have a monthly fee or monthly minimum processing requirement. To sign up with Telecheck, you’ll be required to utilize Clover POS. There are no hardware requirements as long as you use Clover Station, Mobile, or Mini – that [...]
Visa CPS (or Custom Payment Service) outlines the criteria your transactions need to meet in order to gain access to the lowest possible interchange rates. To help protect merchants and consumers, Visa has defined several criteria that merchants must meet when submitting transactions through the network. These criteria are designed to help [...]
Dharma’s statements are generated monthly, and are easy to read. You can also download past monthly statements through your free online portal! All statements will clearly show interchange fees along with Dharma margins. Easy to read, easy to understandDharma statements are easy to read, and will be mailed to you monthly, [...]
Where to begin?This seems like a basic question, but it’s often the most challenging part. One of the inherent problems when comparing costs in the merchant services industry is that providers use many different pricing models. Often times, it’s tough to compare different pricing models, since certain models intentionally exclude [...]
If you have an existing credit card terminal, it can sometimes be brought over to work on Dharma’s systems. There are several factors that determine if a terminal will be compatible or not, many of which are outside of Dharma’s control. So, know that we’ll do our best to bring [...]