PAYMENT PROCESSING THAT PUTS YOU IN CONTROL
Leverage the power of CoCard, seamless PCI compliance, and flexible rate options tailored to your business—keeping your costs low and your profits high.
Since 2021, CRS has leveraged our CoCard membership to provide our customers with the lowest possible rates using the collective bargaining power of all businesses under CoCard's umbrella.
Dispensaries
We know dispensaries face many unique difficulties accepting card payments. Until we are able to provide traditional processing in dispensaries, CRS remains dedicated to finding the best solutions available. The sponsor bank for our cashless ATMs is supportive of the cannabis industry, allowing us to boast no unscheduled downtime for more than 13 years.
Mobile Card Readers
Our mobile card readers connect via cellular network to guarantee a back up. In the event your internet has issues, your business will continue to run smoothly.
Seamless Integration
Because we believe you have the right to choose the solution that is best for you, our low cost payment solutions can be installed alongside your existing point of sale.
Innovation Meets Tradition.
Processing Overview
Processors charge for credit card acceptance using the following methods: each card brand (Visa, MasterCard, Discover, AmEx) charges a percentage of the transaction, a per item fee, or both for a business to accept their card. This is called interchange in which the rate you are eligible for depends on several factors regarding your business.
Traditional (IC+)
IC+ is the most common method card processors use both historically and today. Processors markup interchange by a number of basis points and/or a few cents per transaction then pass the rate to the merchant. This can be the lowest cost for your business as it allows customization by card brand since interchange varies by card type.
Flat Rate
Flat Rate processing has become prevalent due to companies like Square, Clover, Toast, etc. However, its simplicity is precisely why it may not be the best option. The rates these companies give merchants are, by nature of running a business, higher than interchange. Because each brand's interchange differs, they charge a rate greater than the highest interchange (it is always AmEx).
Surcharging
Surcharging has seen a rise in usage among smaller merchants because it can eliminate one of their operating costs entirely. With surcharging, merchants add a fee, typically 3% to credit card transactions. This can incentivise customers to pay cash, while allowing the business to keep more of their profits. There are a few limitations of this practice. You must accept an alternate form of payment to take advantage of surcharging, and you cannot surcharge tips.