| [College of ACES] | [University of Illinois] | [Illinois CES] |
CardService International is the company we use.
800-456-5989
It is expensive for a small company, they charge
you to receive payment, it costs for the equipment,
and, of course, it costs the customer to use the cards. I
figure they make about 25% on each purchase. Not to mention
the fact that it takes up to 3 days before the $$ hits your
account. That's 3 days they have the $$ when neither you or
your customer has it. That adds up to billions per year,
at least millions, for them.
We got signed up to use them because a company we work for
wants to pay using a corporate card. The maintenance
superintendant authorized the initial payment to sign up,
about $ 400. The equipment costs about $3,500 in payments
of $ 75 per month. (that's throught the finance co.
to which we make payment for the equipment.) The monthly
service to the cardservice co is $ 35 + what they call
a "discount" ( if that's not Orwellian double speak, I don't
know what is) of .029% which is what they charge me from
each transaction (example $ 950. sale they charge me 28.41)
it is a tax deduction and not a significant amount of money.
We average about $ 2000 worth of sales each month by credit.
We only run 1 full time crew. A lot of customers find it
convenient and since we needed it for this situation it has
been an over all good thing.