Exciting News! Elavon Simplifies Merchant Pricing for a Seamless Experience
Both Nationwide Energy Consultants & Elavon are committed to continually enhancing customer service to provide you with the best possible experience. We are thrilled to share some exciting news regarding a significant improvement to Elavon’s pricing structure.
In ongoing efforts to simplify and streamline, Elavon has made strategic updates to their pricing model for merchants by removing the non-secure pricing matrix, halving the previous 42 card categories to 21 which covers all secure card transactions. Secure transactions are:-
- Chip & PIN
- 3D Secure – relying on a password or code
More importantly, it means that rather than pay a non-secure premium which typically adds 0.5% to transaction charges they calculate a higher risk loading based on the transactions of that pass through that merchants account. This “high risk loading” reflects the percentage of the customers business which is:-
- Reflects the extent to which refunds and charge backs feature in the merchants transactions.
The great news is that because our customers are hospitality businesses they attract a really low risk of non-secure and chargebacks/refunds and as such we have negotiated with Elavon that they will have a loading on 0.1%.
Whilst the move from non-secure to high risk loading isn’t exclusive to Elavon our 0.1% is a great offer to customers.
If you have any questions or would like further clarification on these updates, our dedicated support team is here to assist you.
Call: 02476 328995
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