Dharma is proud to report that our merchant accounts have no long-term commitments. When you sign up for a new account with Dharma, you’re free to exit our relationship at...
View FAQIs there a long-term contract?
Search Results for: mx merchant
Will I need to provide my Social Security Number?
Yes, you will. As a financial institution, we’re required per the Patriot Act to verify the identity of any individual opening a new merchant account. You can read through the...
View FAQChargeback Ratios
...be considered an acceptable chargeback ratio, per Visa/MC standards. Dharma is able to board merchants with chargeback ratios up to 0.50% by count. So, for a merchant processing 1000 sales...
View FAQRefund Ratio
...be considered an acceptable refund ratio, per Visa/MC standards. Dharma is able to board high-risk merchants with refund ratios up to 12.00% by count. So, for a merchant processing 500...
View FAQWhat is NFC (Near Field Communication) and what is Apple Pay?
...industry, NFC is used to securely transfer sensitive credit card data in a wireless format, quickly and easily. That’s NFC’s job! As a merchant, it’s important that your equipment is...
View FAQClover Returns
...another Clover restriction is that devices are non-transferable between merchant service providers. So Clover equipment purchased from Dharma can only be used with a Dharma account, it cannot be repurposed...
View FAQWill my terminal become outdated?
...that are set by Visa/Mastercard. For example – all merchants will be required to have EMV-equipped terminals by 2015. (You can learn more about EMV here.) Since this requirement was...
View FAQWhat makes a POS different from a credit card terminal?
...is simply to process credit cards. Point-of-Sale systems are different. The job of the POS isn’t just to process credit cards, but helps the merchant manage their business by providing many...
View FAQAm I required to complete PCI Compliance?
Yes. All merchants who accept credit cards are required to become PCI compliant by the card associations. If your organization chooses not to become compliant, the organization will be subject...
View FAQMastercard Restaurant
This category of interchange rates is specifically for restaurant merchants To qualify for the below restaurant rates, merchants must be classified as a restaurant or quick-service merchant (MCC of 5812...
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