Velocity Review

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Like many smartphone-based credit card processors, Square offers a free credit card reader and point of sale (POS) software to anyone who signs up for its service. Merchants pay a fee of 2.75% for each swipe or online sale, and if a transaction is entered manually, the fee is 3.5% plus $0.15 for each sale. Square seems pretty upfront with its pricing structure, which definitely sets it apart. There are no additional or hidden fees, even when items are charged back to you or you’re inactive for a length of time. Square promises quicker access to funds, striving to have money in your account within one to two business days. The service also charges the same rates whether your customers are paying by MasterCard, Visa, American Express, or Discover.

CUSTOMIZABLE SOLUTIONS

Getting started with Velocity Processing is easy, w ith businesses only having to complete an application to kick off the process. Velocity Proce ssing can work with your existing software and hardware to optimize your process or you can opt to lease or purchase hardware and software from Velocity. One of the ways Velocity sets itself apart is by speeding up transactions for Express Funding customers. Funds are in your accoun t the next business day, letting you enjoy an improved cash flow that helps keep your business moving. Through Merchant Connect, you can watch real-time information on your credit card transactions, giving you information that you can use to improve your business.

Fraud is a major concern for any business accepting credit cards today. With Velocity Processing, you’ll not only protect your business, you’ll protect your customers, as well. Velocity customers will also have the convenience o f Velocity Mobile, which lets them securely accept credit cards using compatible iOS and Androi d devices.

Velocity considers itself your personal business consultant, helping you find the best solutions to meet your payment needs. The company has extensi ve experience in several industries, including transportation, logistics, finance, and i nsurance, among many others. Velocity believes in developing innovative solutions to meet its clients’ needs.

EQUIPMENT

You may decide to use Velocity with your existing e quipment, but you can purchase or lease any of the equipment you need through them, as well . Velocity Processing provides credit card processing equipment and specialized software to pr ovide encryption and analytics. The mobile card reader will arm you with the tool you need to take payments on the road.

CUSTOMER SERVICE

One of the biggest benefits of Velocity Processing is its technical support. You can contact customer service operators by email or phone for he lp with your Velocity service or any other problems you’re having with credit card processing.

THE GOOD

You’ll have the peace of mind of knowing your tran sactions are secure thanks to Velocity’s encryption and security solutions

THE BAD

Equipment prices aren’t available online, making it difficult for businesses to price credit card processing costs through the site

AND THE UGLY

We couldn’t find anything especially ugly about this service

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