||Envoy sets up TRUE MERCHANT ACCOUNTS, we are not money movers.
||Money movers who combine their customers into “large-group” merchant accounts.
|UNDERWRITING & RISK
||Your merchant account is always underwritten ensuring your funds are delivered timely and holds/reserves are not established without justification.
||Accounts are not underwritten when they are signed up and can be shut down for no reason. Instead, of doing homework upfront, over-zealous risk departments can cause disruption to your business.
||Pricing structures are customized according to merchants processing needs resulting in overall lower costs. Flat rate and interchange plus pricing are both available.
||Rates plus fees make using Square generally more expensive (2.75% [swiped] 3.50% + $0.15 [keyed]. While the cost structure is simpler, it doesnt mean Square costs less.
|DURBIN AMENDMENT PRICING
||Durbin pricing is available whether keying or swiping cards. On a $100 ofﬂine debit transaction cost is 0.17% plus $0.25 ($0.42).
||No Durbin pricing. $100 keyed transaction at 3.50% plus $0.15 is $3.65! If swiped at 2.75% the cost only lowers to $2.75!
|PERSONALIZED CUSTOMER SERVICE
||Dedicated Certified Payments Professional Relationship Manager plus Award-winning 365/24/7 customer service via phone, email & livechat.
||Customer service available only via email, twitter or website.
||Low cost and high quality encrypted card readers.
||Their free card reader is now encrypted, but older card readers are not. Upgrading to process EMV chip cards is not free.
||Provide acceptance of any mobile wallet (QR code or NFC) that your customers choose to use.
||Square Wallet allows consumers to link a credit or debit cards to make payments at Square merchants.