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A mеrсhаnt ассоunt іѕ ѕресіаlіzеd tо ассоmmоdаtе a mеrсhаnt’ѕ buѕіnеѕѕ nееdѕ bу аllоwіng hіm / hеr tо accept dеbіt саrdѕ, сrеdіt саrdѕ, gіft саrdѕ аnd оthеr mоdеѕ оf еlесtrоnіс рауmеnt mаdе bу сuѕtоmеrѕ fоr thе mеrсhаnt’ѕ gооdѕ аnd / or ѕеrvісеѕ.
Whеthеr уоu ассерt сrеdіt саrdѕ оnlіnе оr nоt, уоu wіll nееd mеrсhаnt ассоunt сrеdіt саrd рrосеѕѕіng ѕеrvісеѕ іn оrdеr tо рrосеѕѕ сrеdіt саrd рауmеntѕ mаdе tо уоur buѕіnеѕѕ. Thеrе аrе соuntlеѕѕ credit card processing merchant services , аnd оftеn, ѕеlесtіng thе rіght ѕеrvісе саn bе dаuntіng.
Fіrѕt, thеrе іѕ thе іѕѕuе оf gеttіng ассерtеd bу thе рrосеѕѕіng соmраnу. Nоt аll рrосеѕѕіng соmраnіеѕ ассерt аll mеrсhаntѕ’ аррlісаtіоnѕ for ѕеrvісе. Sоmе wіll run еxtеnѕіvе сrеdіt rероrtѕ, аnd wіll оnlу оffеr ассоuntѕ tо thоѕе wіth оutѕtаndіng сrеdіt. Yоu mау hаvе еxсеllеnt сrеdіt, аnd ѕtіll bе dіѕаррrоvеd bесаuѕе оf thе tуре оf buѕіnеѕѕ thаt уоu hаvе, оr thе tуре оfcredit card processing merchant services thаt уоu nееd. Whаt уоu nееd tо know аt thіѕ роіnt іѕ thаt rеgаrdlеѕѕ of аnу оf thоѕе іѕѕuеѕ, уоu саn ѕtіll fіnd a рrосеѕѕіng соmраnу thаt wіll аррrоvе уоu fоr ѕеrvісе.
Merchant ассоunt сrеdіt саrd рrосеѕѕіng merchant ѕеrvісеѕ are аvаіlаblе fоr thоѕе buѕіnеѕѕ оwnеrѕ whо hаvе bаd оr рооr сrеdіt. Sеrvісеѕ аrе аlѕо аvаіlаblе rеgаrdlеѕѕ оf thе tуре оf buѕіnеѕѕ thаt уоu dо – аѕ lоng аѕ іt іѕ lеgаl, аnd ѕеrvісеѕ аrе аvаіlаblе rеgаrdlеѕѕ оf thе wау thаt уоu wіll рrосеѕѕ рауmеnt саrdѕ – іn реrѕоn, оnlіnе, оvеr thе telephone, оr bу mаіl.
It іѕ also іmроrtаnt tо knоw thаt whіlе a mеrсhаnt ассоunt іѕ rеԛuіrеd tо рrосеѕѕ сrеdіt саrdѕ, thе mеrсhаnt ассоunt dоеѕn’t nесеѕѕаrіlу hаvе tо bе уоurѕ – ѕо tо ѕреаk. Thеrе аrе соmраnіеѕ thаt саn hаndlе рrосеѕѕіng fоr уоu, thrоugh thеіr ассоuntѕ. Thеѕе іѕ еѕѕеntіаllу a ‘mіddlе mаn,’ аnd thе соѕt оf these tуреѕ оf ѕеrvісеѕ аrе tурісаllу muсh hіghеr thаn gеttіng аn account оf уоur оwn, bесаuѕе thеу rеаlіzе thаt thеrе wаѕ ѕоmе rеаѕоn whу уоu соuldn’t gеt уоur оwn ассоunt.
Oftеn, іf уоu hаvе rеаllу bаd сrеdіt, thеѕе аrе thе tуре оf mеrсhаnt account сrеdіt саrd рrосеѕѕіng ѕеrvісеѕ thаt уоu wіll rеԛuіrе. Althоugh уоu wіll рау mоrе fоr thе ѕеrvісе, іn mаnу іnѕtаnсеѕ, thіѕ соuld bе thе rіght ѕоlutіоn fоr уоur buѕіnеѕѕ. Hоwеvеr, уоu саn fіnd ѕеrvісеѕ thаt оffеr thе ѕеrvісе that you rеԛuіrе, wіthоut mаnу rеԛuіrеmеntѕ, whісh аrе vеrу аffоrdаblе.
Thе соntrасt іѕ аnоthеr issue. Mоѕt ѕеrvісеѕ wіll rеԛuіrе уоu tо ѕіgn a соntrасt, but thеrе аrе thоѕе thаt wіll nоt. Thе соntrасt wіll соntаіn tеrmѕ of uѕе оf thе ѕеrvісе, аnd аn еxрlаnаtіоn оf fееѕ, іnсludіng еаrlу tеrmіnаtіоn fееѕ thаt mау bе аррlіеd. Thеrе аrе соmраnіеѕ thаt dо not rеԛuіrе соntrасtѕ, but thе important thіng to rеаlіzе hеrе іѕ thаt іf thеrе іѕ nо соntrасt thаt mаkеѕ уоu ассоuntаblе tо thе ѕеrvісе, thеrе аlѕо іѕn’t a соntrасt in рlасе thаt mаkеѕ thе ѕеrvісе ассоuntаblе tо уоu.
Thе mаіn thіng tо rеmеmbеr whеn ѕhорріng fоr mеrсhаnt ассоunt сrеdіt саrd processing ѕеrvісеѕ іѕ thаt уоu nееd tо dеtеrmіnе whеthеr thе ѕеrvісе іѕ аn асtuаl mеrсhаnt ассоunt fоr уоu оr іf іt іѕ a ѕеrvісе thаt рrосеѕѕеѕ уоur саrd payments thrоugh thеіr mеrсhаnt ассоunt. In thе еnd, thе only rеаl dіffеrеnсе bеtwееn thе twо dіffеrеnt tуреѕ оf ѕеrvісеѕ іѕ thе рrісе, іn mоѕt саѕеѕ. Yоu аlѕо рrоbаblу do nееd a соntrасt tо рrоtесt уоurѕеlf аnd уоur buѕіnеѕѕ.
Crеdіt саrd рrосеѕѕіng merchant ѕеrvісеѕ оffеr a bunсh оf vаluе аddеd bеnеfіtѕ for thеіr mеrсhаnt ассоuntѕ. Chооѕіng a rерutеd аnd еxреrіеnсеd сrеdіt саrd рrосеѕѕіng ѕеrvісе рrоvіdеr саn bе vеrу bеnеfісіаl tо уоur buѕіnеѕѕ еntеrрrіѕе. Lіѕtеd bеlоw аrе ѕоmе оf thе bеnеfіtѕ уоu саn аvаіl оf uроn hіrіng a саrd рrосеѕѕіng ѕеrvісе.
As a business owner, it’s easy to feel like you’re getting ripped off by your payment processor. But this doesn’t have to be the unfortunate reality of running your business. Yes you need processing, but you do NOT need to get ripped off for it. In the credit card processing industry, there are two prevalent forms of payment for merchants: interchange plus pricing and tiered pricing. Wondering which payment processing method is right for your business? Keep reading.
Before we analyze the two biggest forms of payment, you need to get the skinny on the backbone of credit card processing: interchange. Interchange is the direct cost of credit card transactions. Whether the card is swiped or keyed in, there are always rates associated with it. The rates are the same across the board for every provider because they are set by the credit card companies themselves.Twice per year the major card brands (Visa, MasterCard, and Discover) announce their schedules of fees, and the various categories that credit card transactions can fall under. An entire transaction rate is determined based on the criteria outlined in these fee schedules. Currently, there are over 500 interchange fee categories between those big three head honchos. You can take a peek at Visa’s current schedule to see how this looks. If you understand how these schedules can affect your merchant account, you can save yourself a lot of money. All right, now we can talk about pricing.
Most businesses are on tiered merchant accounts, which can often be unclear and expensive when compared to the newer pricing models. (Hello, that’s where Centurion Payments comes in.)
Tiered merchant accounts work on something called “qualification” to determine which rate tier a merchant’s transaction falls into. The “qualifications” are implemented by the credit card processors; the credit card companies do not distinguish a qualified, mid-qualified, or non-qualified card. This is just another way for merchant services providers to profit from your business’ volume. The different tiers can also be referred to as bins, rate buckets, or just plain old buckets. A really simple example of tiered pricing will look something like this:
Qualified Discount Rate: 1.XX%
Mid-Qualified Discount Rate: 2.XX%
Non-Qualified Discount Rate: 3.XX%
However, it’s usually not that simple whatsoever. There are numerous in-between tiers, and differences between credit and debit charges on top of that. The qualified discount rate represents the lowest fees a merchant can pay. Oftentimes a merchant provider will consistently only advertise the lowest qualified rate, even if your transactions don’t fit into this tier. Some tiered accounts have as many as 12 or more additional tiers on top of the lowest qualified discount rate, which is completely confusing and tedious to try to understand.
Merchants rarely see that lowest qualified rate though, which is the problem with tiered pricing. Transactions are downgraded to a lower level of qualification, so the merchant loses more money in the transaction. Downgrades can be caused by simple nuances, such as type of card, brand of card, whether it’s a private or business card, whether it’s a rewards card or cash back card, and other small things like that.
So business owners tend to get the short end of the stick because they can’t exactly decide what kind of card their customers use. They end up having to pay unnecessary fees each time a customer pays with a card that doesn’t fall into that merchant account’s qualification.
To add even more salt to the wound, how that card is processed matters just as well. If you key in the credit card number rather than swiping the card, this can cause a downgrade too. It’s almost impossible to estimate which rate bucket a transaction will fall into until after the transaction is already done. Sounds awful, doesn’t it?
Until recently, interchange plus pricing accounts have only been open to businesses with high transaction volumes— around $25,000. However, the industry is changing and now smaller businesses are gaining access to these accounts on this pricing structure.
This type of payment method is pretty straightforward. You only have two rates from the credit card processor in addition to interchange: the markup percentage fee and the transaction fee. Merchants pay a consistent flat rate, regardless of the wholesale processing rate, in addition to a fee per transaction. A simple pricing plan based on this method will look something like this:
Interchange fee from Visa, MasterCard, and Discover
Interchange markup rate: 0.30%
Transaction fee: $0.40
As a business owner, it’s easy to feel like you’re getting ripped off by your payment processor. But this doesn’t have to be the unfortunate reality of running your business. Yes you need processing, but you do NOT need to get ripped off for it. In the credit card processing industry, there are two prevalent forms of payment for merchants: interchange plus pricing and tiered pricing. Wondering which payment processing method is right for your business? Keep reading.
Before we analyze the two biggest forms of payment, you need to get the skinny on the backbone of credit card processing: interchange. Interchange is the direct cost of credit card transactions. Whether the card is swiped or keyed in, there are always rates associated with it. The rates are the same across the board for every provider because they are set by the credit card companies themselves.Twice per year the major card brands (Visa, MasterCard, and Discover) announce their schedules of fees, and the various categories that credit card transactions can fall under. An entire transaction rate is determined based on the criteria outlined in these fee schedules. Currently, there are over 500 interchange fee categories between those big three head honchos. You can take a peek at Visa’s current schedule to see how this looks. If you understand how these schedules can affect your merchant account, you can save yourself a lot of money. All right, now we can talk about pricing.
Most businesses are on tiered merchant accounts, which can often be unclear and expensive when compared to the newer pricing models. (Hello, that’s where Centurion Payments comes in.)
Tiered merchant accounts work on something called “qualification” to determine which rate tier a merchant’s transaction falls into. The “qualifications” are implemented by the credit card processors; the credit card companies do not distinguish a qualified, mid-qualified, or non-qualified card. This is just another way for merchant services providers to profit from your business’ volume. The different tiers can also be referred to as bins, rate buckets, or just plain old buckets. A really simple example of tiered pricing will look something like this:
Qualified Discount Rate: 1.XX%
Mid-Qualified Discount Rate: 2.XX%
Non-Qualified Discount Rate: 3.XX%
However, it’s usually not that simple whatsoever. There are numerous in-between tiers, and differences between credit and debit charges on top of that. The qualified discount rate represents the lowest fees a merchant can pay. Oftentimes a merchant provider will consistently only advertise the lowest qualified rate, even if your transactions don’t fit into this tier. Some tiered accounts have as many as 12 or more additional tiers on top of the lowest qualified discount rate, which is completely confusing and tedious to try to understand.
Merchants rarely see that lowest qualified rate though, which is the problem with tiered pricing. Transactions are downgraded to a lower level of qualification, so the merchant loses more money in the transaction. Downgrades can be caused by simple nuances, such as type of card, brand of card, whether it’s a private or business card, whether it’s a rewards card or cash back card, and other small things like that.
So business owners tend to get the short end of the stick because they can’t exactly decide what kind of card their customers use. They end up having to pay unnecessary fees each time a customer pays with a card that doesn’t fall into that merchant account’s qualification.
To add even more salt to the wound, how that card is processed matters just as well. If you key in the credit card number rather than swiping the card, this can cause a downgrade too. It’s almost impossible to estimate which rate bucket a transaction will fall into until after the transaction is already done. Sounds awful, doesn’t it?
Until recently, interchange plus pricing accounts have only been open to businesses with high transaction volumes— around $25,000. However, the industry is changing and now smaller businesses are gaining access to these accounts on this pricing structure.
This type of payment method is pretty straightforward. You only have two rates from the credit card processor in addition to interchange: the markup percentage fee and the transaction fee. Merchants pay a consistent flat rate, regardless of the wholesale processing rate, in addition to a fee per transaction. A simple pricing plan based on this method will look something like this:
Interchange fee from Visa, MasterCard, and Discover
Interchange markup rate: 0.30%
Transaction fee: $0.40
Are you currently running an online store? Basically, your online store is designed and made to get as many orders as possible. But with the surmounting providers and scripts that are scattered on the online market world, fulfilling orders may happen to be a challenging task. But with the aid of Authorize.net Merchant Account, you are simply on your way to simplify the task of filling orders, making it done with a lot of ease on your part. Thus, you will be able to spend much of your time doing other things that simply mean a lot to you.
What is Authorize.net Merchant Account? Authorize.net Merchant Account is a kind of online merchant account that allows you to choose the various methods by which you will be notified regarding the orders made on your online store. Through this kind of merchant account, you will have the opportunity to be notified via email, online notifications, or fax. So even when you are doing other things you can be easily alerted by this account, informing you about orders that have been made in your online store. As a result, you can simply find the time to quickly prepare and forward the products which have been ordered by your customers.
Offers a Wide Range of Tools for Your Online Business
There is another advantage you can benefit from a Authorize.net Merchant Account and this is the availability of a myriad of tools that allow you to make your processing the simpler and easier way. These tools also help you not only when it comes to processing orders but also in terms of issuing refunds, managing exchanges and returns, voiding transactions and many others. With all these tools that you can use in your store, you will surely find it easier and breezier to manage the overall operation of your online business.
Keeps You in Touch with Your Customers
Staying connected with your customers is very important for an online business and this proves to be true when you need to keep track on their orders. With the aid of Authorize.net Merchant Account, you will be able to come up with a useful type of online merchant account that will help you manage and run your business operation the smooth way possible. With this account, you can also get the chance to look up on old orders from customers who have questions or would want to reorder products that they have purchased from your online store before.
In addition, Authorize.net Merchant Account also gives you the freedom to choose a specific carrier that you want – the entity that you will have to trust when it comes to shipping any ordered products from your online business.
If it is an online business that you currently manage then you should know that taking orders and accepting payments can be a tough job on your part. Would it be advisable to stay and glue your eyes in front of your computer to keep yourself abreast with all the notifications that come along? Of course not! If you wish to do other things that are of high importance on your part, opting for a merchant account proves to be an effective way to run your business the smooth, fuss-free and hassle-free way.
What is a Merchant Account?
A merchant account is a kind of account which is used by a merchant (businessman) specifically when it comes to accepting payments from customers. As of the present days, the current trend in paying products and services is through the use of credit cards, debit cards and the like. And when your store runs on the internet, cold cash isn’t possible as a form of payment. So in most cases, online stores usually come with an ecommerce merchant account to handle all the payments made by buyers via online.
A merchant account service also entails credit card processing which also involves an array of fundamental frameworks. So before you get yourself started with credit card processing, it is important to know the ways on how it works in your business, allowing the SSL to work with any possible or available gateways.
Online Processing Starts with Transactions
You have to take note that gateways and transactions are the two basic ideas that have something to do with merchant account specifically credit card processing. If your business operates online, different kinds of transactions are involved and they include postauth, preauth, credit, sales and chargeback. Generally, sales usually entail a consumer who aims to buy goods and transfer his payment to the merchant account of the business owner. On the other hand, chargebacks are usually dealt with in cases when disputes and complaints arise.
After the completion of a particular transaction, the credit card processing goes to another stage which is called the gateway. Some of the most common gateways for ecommerce merchant account include card service international, I Payment, Echo, Verisign, Trust Commerce, World Pay, Cyber Source and many others.
Maintaining a Merchant Account
To be able to maintain an ecommerce merchant account, what you need to do is to come up with a gateway and transaction account through an online credit card processing service. You also need to make sure that when you make use of such account, it has to be certified by SSL.
Apply for a merchant account today and get in the way to manage the overall operation of your business the fast, simple and easy way guaranteed!
Whether you are currently running an offline or online business, the most popular scenario these days is that customers usually pay for what they have purchased with their credit cards, debit cards and the like. With the increasing popularity of this buying trend, opting for the best merchant account proves to be an important way that will help you spell out the level of success that you want to achieve.
On account to finding a merchant account that works best for you, doing it can be downright hard and difficult especially these days when many companies and providers tend to compete on a very tight way. So in order for you to come up with a good, trusted, reliable and affordable merchant account for your business, it really helps to take note the three essential pointers below:
For every service that we avail, we always want the best for us. However, this will never be realized without a reputable provider. The current market is filled with a plethora of companies and providers that offer merchant account services to all types of businesses. To be able to end up with a highly reputable company, it really makes sense to do your own homework in the first place. This simply means that you need to allot some of your time researching about the various companies that offer merchant account services today.
The next thing that you need to do is to allot some of your time comparing one provider after another. Comparison is an effective method that allows you to see all the things that make two or more providers similar and different with one another. And when it comes to this kind of task, the internet proves to be your best buddy for this. With the aid of the internet, you will be able to find what you exactly want for your merchant account needs and requirements right at the tips of your fingers and right in the comforts of your home.
Searching online can simply provide you a plethora of results and this can simply make your search more difficult and confusing. To avoid confusion, you need to learn how to shortlist the potential choices in front of you. All you need to do is to choose at least three to five providers and place them in your list. This will give you the position to compare and eliminate the ones that do not meet your expectations.
Those are the three simple and effective ways that will help you end up with the best merchant account that you will be using for your business soon!
If you are currently running an online business then it is obvious to note that payments are commonly made to you by way of credit cards, debit cards and the like. A merchant account is something that you need to come up with in order to manage your business the best way possible. And of the many merchant accounts available on the market these days, an ecommerce merchant account proves to be something that you need to opt for simply because it is made for online businesses like yours.
There are actually different types of payments which are accepted by an ecommerce merchant account. The most common types of payments include debit cards, online checks, charge cards, credit cards and many others. In the present days when these types of cards are widely used all over the world specifically on online businesses, it is but a good idea to come up with a merchant account that simply makes an effective way of managing your business as a whole.
However, you have to take note that there are providers of merchant accounts out there that limit the types of cards they accept and process. Thus, it is important to have a closer look on these providers and make it a point to avoid them along the way. Why? It is because a provider like this limits your sales and this can affect your income and profits in the process.
Whether you are running a small or a big business, a merchant account proves to be a very effective way to run the various operations of your business particularly when it comes to taking the orders of your customers and receiving their payments. When it comes to finding a good provider, it is important that you need to do your own research in the first place.
The internet is an excellent way by which you can find a great deal of information about the best provider of merchant account services. Here, you will be able to find good deals. As a matter of fact, a lot of people make use of the following solutions which are offered by Clickbank, PayPal and 2Checkout. However, if you will be looking for the one that you wish to use for your business, it is important to allot some of your time to compare prices because they prove to be quite high.
While there are many companies or providers that offer ecommerce merchant accounts, it is a good idea to look for the one that has a good reputation. With the aid of the internet, you will be able to find what you are exactly looking for the simple and easy way possible.
If you are currently running an online business then you have to know that any product that you sell on your online store is purchased by way of ordering and shipping. All online stores are designed to take orders and this happens to be a very difficult task especially when there are other important things that you need to do. So how will you be able to juggle your time doing multiple things at a time without affecting the overall operation of your online business? Is there a good and effective way to do it?
An online merchant account is a kind of online service which is offered by a company that services stores that run on the internet. You can never tell when a person places his orders and decides to purchase a product from your store. With a merchant account that you can use via online, you will be able to get the chance to simplify your task of managing your store, more specifically when it comes to taking orders of your customers. As such, you will simply be able to do other important things other than running your business and taking orders most of the time.
The fact is that there are plenty of merchant accounts which are currently offered to owners of online businesses. However, you have to keep in your mind that not all merchant accounts that you meet along the way proves to be the best for your business needs and requirements. Now if this is something that confuses you, it really makes sense to take note of the following things that will lead you to the best kind of online merchant account for your online store:
So in order for you to have a well-rounded online business, it really helps to find a good online merchant account such as Yahoo merchant account today!
Benefits:
• Lightweight and ergonomically engineered to be comfortably passed and held for simple and secure data entry
• Unique Magic Box cable management feature reduces counter clutter and makes installation a breeze
• Bright display, backlit keypad and menu-driven prompts make it easy and intuitive for clerks and customers alike > Display your logo to add a level of customization and build your brand Secure The iCT220 supports the latest PCI and data security standards to protect cardholder data. • EMV chip card transactions significantly reduce card-present counterfeit card use, improve global interoperability, and ensure that merchants are ready for the shift in fraud liability as defined by the card brands
• Strong security features protect against physical device attacks
• Support for all leading point-to-point encryption technologies secures data at the earliest point in the transaction lifecycle
• Code authentication ensures that only authorized software applications and files can be loaded Versatile The iCT220 is the most flexible stand-alone payment solution available today.
• Ready now for EMV, mobile wallets, loyalty programs, coupons and advertising
• Optional integrated contactless reader facilitates tap-and-go payments
• Ability to connect a customer-facing iPP310 PIN pad that features an intuitive display, mag-stripe reader, EMV card-entry slot, and integrated contactless reader
• Dial and high-speed IP communication methods supported > Merchants can easily switch should their connectivity needs change Reliable The iCT220 is built and backed by Ingenico, the world’s leading provider of payment solutions. As customer interaction at the point of payment evolves, you can be confident that you have a robust platform that will continue to support industry trends. • Scalable and proven Telium 2 technology platform installed in more than 20 million terminals worldwide
If you have started a small business just recently, you need to know that any online store offers a myriad of tasks and responsibilities that need to be performed and done the most effective way possible. Devoid of these things on your mind, it is more likely that you will have customers with a great deal of unsatisfaction and disappointments along the way and these are things that you don’t want to happen to your online business, right?
The fact is that it is essential for your business to come up with an ecommerce merchant account in the first place in order to get the assurance that every purchase made by your customers shall be paid through it. This is quite essential for your business because people won’t be able to pay you cash for a particular product they have purchased from your online store. Basically, payments usually come in the form of credit cards, debit cards, charge cards, online checks and the like.
There are cases when other merchant account service providers limit the cards that they process. It is important that you should have to keep an eye on such kind of merchant account provider because limiting cards to be processed also mean limiting sales output of your business. Thus, this will greatly affect your income along the way.
If it is your first time to go searching for a merchant account, you will surely find your way to be very overwhelming. This is true to the fact that the present market is currently teeming with many companies and providers that offer merchant account services for small and big business around the world. For your information, merchant accounts for small and large businesses usually come from a variety of sources. However, most businessmen usually start it with their bank.
If you are going to look around, you will simply notice that like many loan providers, finding a small business merchant account is easy because it is widely offered by many companies, providers and institutions these days. As a matter of fact, you will also be able to find merchant account packages that are made available even to those with not-so-high credit ratings.
There some good deals that you can find online and this is especially true when it comes to small business merchant accounts. However, you are simply reminded that you need to do your own homework in the first place so that you will end up with the best merchant account that you will be using for your small business soon. Comparing charges makes it a better way to end up with the one you are exactly looking for.
If you are looking for best credit card processing service, then you are at right place.
Get your free quote today!
* Awarded to processor partner; Vantiv/NPC
* CPS may offer a contract buyout and free terminals. Additional terms and conditions may apply.
