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Payment Service Options

Accept Debit Cards for your Business

Velocity Payment Services can provide your business with the ability to accept Debit Card payments, while providing you with superior service, and the best processing rates available to your business.

Why accept Debit Cards?

How many people do you know "without" a checking account?  I think most of us can say none.  And the majority of banks today issue their clients Debit Cards - also commonly known as Checkcards or ATM cards.

Debit Card Processing Options

Signature-Based Debit Cards:  Signature-Based Debit Cards are known as Offline Debit Cards in the processing industry.  This processing can be used for debit cards that bear the VISA or MasterCard logo.  This is the most common way of accepting debit payments.

Pin-Based Debit Cards:  Pin-Based Debit Cards are known as Online Debit Cards in the processing industry.  These types of debit payments require the customer to enter a PIN number.  You can also offer "Cash Back".

Benefits of accepting Debit Cards

  • Debit Cards cost less to process than Credit Cards.
  • More people have access to Debit Cards than Credit Cards.
  • Quickly becoming the preferred method of payment.
  • Rising debt rates make Debit Cards preferred over Credit Cards.
  • Attract and retain new customers who use Debit Cards as their preferred method of payment.
  • Fast deposits - 24-72 hours.

Additional Benefits of accepting Pin-Based Debit Cards

  • Pin-Based Debit cost even less to process.
  • Becoming more widely used because of Pin-Based security.
  • Fast, convenient because they don't require a signature.
  • Ability to offer customers "Cash Back".
  • Transactions cannot be downgraded to Mid or Non Qualified rates.
  • Virtually eliminates chargebacks and fraudulent transactions.

Supported Debit Card Networks

National Debit Networks: AFFN, Interlink (VISA), Maestro (MasterCard)
Regional Debit Networks: Accel, Alaska Option, Cash Station, Honor, MAC, NYCE, Pulse, Star, Tyme

Ready to Start accepting Debit Cards?

Our setup process for accepting debit cards is simple, painless, and efficient.  Most accounts are approved same-day or within 24 hours of our application process.

Related Options