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Merchant Services

Credit Cards

NIT Business Solutions’ core service is credit and debit card processing for businesses of all sizes throughout the United States. We provides processing for all types of merchants such as: retail, restaurants, hotels, service companies, wireless merchants, mail order, phone order, wholesale, E-Commerce, and specialty businesses.

There are a lot of choices out there for credit card processing and it can be a difficult job trying to figure out which one is best for your business. NIT Business Solutions has always been in the business of providing and servicing point of sale systems for restaurants and retail outlets. One of the most important components in POS systems these days is credit card payments integration.

To be competitive in today’s market place, you have to take credit card/debit card payments. Fewer people is carrying cash either for security reasons or just the fact that it’s easier to use a card or smart phone than it is to go to an ATM.  Whatever the reason you don’t want to turn away customers, you need to accept credit cards.

What make NIT Business Solutions stand out from the pack :

  1. Competitive Rates – It’s a rare occurrence that we can’t provide the lowest rate to you. You always want to be wary of companies that give out a flat percentage rate across the board. We work closely with several processing companies to guarantee that we can find you the lowest rates.  Let us do the shopping for you! We pride ourselves on being able to offer the best competitive rates and fees to our merchants. Please contact us and ask for a free rate analysis to see for yourself.  
  2. One Stop Shop – Since credit card processing is such an integral portion of the POS system, why not work with someone who understands all aspects of the POS industry and not just one piece of it.
  3. No Application or Startup Fee – We do not charge any fee to submit your application or open your merchant account.
  4. Experience – NIT Business Solutions has been in the hospitality and retail POS business for over 25 years.  We have accumulated a vast level of experience in that time we will provide excellent support and service that is second to none.

Contact one of our representatives today for more information on how we can help you maximize your business’s profitability.

Merchant Services Pricing

In the processing world, no two businesses are alike, therefor we cannot quote a base price to everyone. To get a fair rate, you’re going to have to let a processing company look at your statements and analyze your payment needs.

Processing rates are difficult to understand because there’s lots of variables, so having one flat rate usually means you’ll be saving money on one processing point, but overpaying for other areas and raising your overall processing cost.

The honest truth though is there’s no such thing as a universal, flat rate for every merchant.

All credit card processors have the same base cost from the card brands (Visa/MC/Discover) called interchange.

Credit card companies charge interchange rates for every transaction you process at your business. It’s a fee they apply for you processing the payment between the two banks involved. (your bank and the cardholder’s bank).

Each processor has slightly differing soft costs, like marketing, support, sales, but their hard costs “interchange” are the same, therefore there is no pricing benefit for using a large processor over a smaller competitor or vice versa.

Interchange costs are calculated in with your credit card processing rates, so no matter the processor, you’ll be paying the same base price (cost) for taking credit cards.

Your processing rates are calculated after interchange is added as a cost per type of transaction fee, charged by the processor. Lots of credit card processors use either 2 or 3 tier to categorize each transaction. What that means is each transaction, depending on the variables will fall into one of those tiers.

  • Qualified.
  • Mid-Qualified.
  • Non-Qualified.

There are lots of different combinations depending on the credit card brand, and the particular card type determines what the overall rates will be. Some of your transactions will be qualified, but most will be mid or non-qualified rates. 

Why we need a copy of your statement?

If some promised a flat rate for every type of card they are ripped you off.  Sorry, the truth is, no sound processor can quote you a straight price over the phone and have it be competitive, without seeing your credit card processing statement.

A responsible credit card processor will have to look at your statement and be able to determine a rate based on your average volume and your card type distribution patterns. Every merchant is different and will tend to fall into a unique tier.

Want a rate evaluation?

If you’d like to learn more about rates, and what we can do for your business.
Give us a call, or forward a copy of your recent statement to and we’ll be happy to let you know if you can provide a better rate.