WHAT ARE EMERGING MARKETS?
The Card Brands have incentives for certain businesses that they have labeled “Emerging Markets”. These business types are eligible to qualify for “Special Interchange Rates”. We specialize in helping these types of businesses, get set up properly so they can save money on processing fees.
Our consulting team is ready to assist you in putting a program together to meet your needs and save you time and money!
Interchange Busting – Let NPS show you how you can save hundreds or even thousands of dollars by using the card brands rules and our software to save money on Interchange. You must be classified properly and transmit the correct data to the processor. NPS will work with your organization to set up your website, software, point of sale, or machines. We can even enable the Cash Discount Program so you can process for 0% in some cases along with ACH transactions. Our consulting team is ready to assist you in putting a program together to meet your needs and save you time and money! Just like a CPA saves you money on taxes we will save you money on your credit card processing fees.
CHILD CARE SERVICES
choose your technology?
- Payment Portal
- Virtual Terminal
The following merchant types have special rates
- Insurance – 6300, 5960
- Fuel Dealers – 5983
- Child Care Services – 8351
- Subscription Services/Direct
- Marketing 5968
- Telecommunications – 4814
- Education – Schools 8220, 8211 and 8299
- Utilities – 4939
- Government Entity – MCC 9399, 9211 and 9222
- Charities/Non-Profits – 8641
The Standard Industrial Classification (SIC) is a four-digit code that categorizes the industries that companies belong to based on their business activities. Standard Industrial Classification codes were mostly replaced by the six-digit North American Industry Classification System (NAICS). SIC codes are important when you are processing credit cards, some businesses as the ones who are Emerging Markets get special rates from the card brands. What we do is make sure that your business is registered so that you get the best rates for your business type. We specialize in Emerging Markets and we guide you through the process.