Follow the links below to visit other Dodson sites. See what services we can offer you to improve your business today!Merchant Funding
How the DImerchant services funding program works:
• We advance you funds against the merchant’s future credit card receipts. A mutually agreed-upon percentage is taken of the daily merchant’s Visa/MasterCard receipts until full repayment.
• Amount of advance varies from $2,000-$150,000 and is based on the average of merchant’s last 4 months Visa/MasterCard statements.
• It takes approximately 7 months to payback the advance. The payback period is not fixed because it’s based on the merchant’s actual Visa/MasterCard receipts. Therefore the actual payback will be a little longer or shorter, then the projected 7 months, but we only collect the mutually agreed fixed percentage of your daily Visa/MasterCard receipts until the entire agreed amount is paid back.
• In order for us to receive payment though the credit card company, the merchant will have to switch to one of our approved credit card processing networks. The merchant does not have to be concerned because their rates will be matched with their current credit card processor. In addition a majority of the time there is not any extra equipment to purchase but only a reprogramming of your existing equipment.
• We are a factor and not a bank, therefore, there is no interest rate. There are also no requirement of collateral, financials, tax returns, etc.
• We can fund the merchant within 5- 7 business days.
• We will send out monthly statements to the merchants recapping all monies paid in the previous month and also the end of month balance. The merchant can also go online for a daily balances and the month’s activity.
Payment Processing
Electronic payments have truly transformed business at every level. Electronic payments such as credit cards, debit cards, gift cards, pre-paid cards, payroll cards, purchasing and proprietary cards, as well as loyalty programs have all become part of how business people and consumers pay for the goods and services they need.
The average retailer will accept 66 percent of their payments electronically. Electronic payments are cannibalizing other payment mechanisms at an unprecedented rate.
As one of the premier payment and transaction processors, DImerchant services extensive experience combines with a robust processing network to deliver cost-effective, time-sensitive processing solutions for businesses of all sizes.
Check Services
DImerchant services offers a variety of check payment products and services which can help:
• Eliminate bad check issues forever
• Eliminate costs associated with check collection
• Obtain approvals on checks just like credit cards
• Receive your money on check payments just like credit cards
• Accept checks without the inherent fear of having them go bad
Check Payment Options:
• Electronic Check Guarantee – Approval in Seconds!
• If a check bounces that we have guaranteed, we’ll pay for it, eliminating all check collection expenses.
• Electronic Check Verification (“ECV”) – Avoid bad checks before you accept them!
• Searches negative databases of bad check writers and alerts you to your customer’s bad-check history. The database tracks recent check writing activity to identify patterns leading to a bad check.
Electronic Check Conversion converts a paper check to an electronic transaction as the POS Information is transmitted electronically to a national verification database where it is evaluated against a negative file. A positive or negative response is sent back to the POS within seconds of initiating the transaction.
A paper receipt is printed at the POS device, as it is with credit cards, thereby authorizing the electronic collection of funds. The transaction information is stored electronically and the funds are routed to your account within 48-72 hours, just like credit cards.
An image of the check can be captured at the POS using an imaging device. There is no need to deposit checks at the bank any longer and wait to see if they will go through or bounce. Once an approval is provided at the POS, payment to you is guaranteed.