Ethix is an Independent Sales Organization (ISO) in the merchant account credit card processing business. We facilitate the setup of merchant accounts for businesses and non-profits of all types; we board our merchants with First Data, the largest processor in the country.
How can Ethix give away 25% of its gross revenue? That sounds too good to be true. Is there a catch?
No, there is no catch. Ethix receives a monthly residual commission from your credit card processing fees; with our program we donate 25% of these commissions to your selected cause.
The program sounds great but we are in a contract with our current provider; can we still participate?
Every merchant in the United States is under contract with a provider; however, merchants switch providers every day. The only issue is whether there is an early termination fee. If there is, Ethix will reimburse that fee.
Is there any difference between the merchant account services we currently receive from our existing provider and those services we will receive once we sign up with Ethix?
No, all processing companies provide the exact same merchant account services.
We only need about 20 minutes of your time to complete the on-line application. After that, we handle all of the details to get your account switched over, including the re-programming of your credit card terminal(s). From start to finish, most conversions are completed in a week and take less than two hours of your time.
We do not charge you anything for your conversion.
No, we do not charge any hidden or ancillary fees.
We charge a flat rate of Interchange pass-through plus 0.25% and $0.10 per transaction. This pricing structure is very competitive and our customers typically save a significant amount on their monthly fees
|Monthly Volume||Monthly Savings||Annual Savings||5 Year Savings|
This table shows the estimated savings our merchants realize when switching to Ethix.
Yes, other than annual pass-through increases mandated by Visa and MasterCard directly, we guarantee in writing not to raise your rates.
No, switching to Ethix will not infringe or negatively impact your banking relationship. The banks that provide merchant services board their clients with the same processing companies as the ISO’s.
No, we will re-program your existing equipment.
We receive our revenue payment from Visa and MasterCard processing approximately 25 days after the close of each month. We require about two weeks to process the accounting, so your chosen non-profit will receive the donation check within 45 days after the close of each month.
For as long as you continue to process with us.
Ethix will contribute 25% of our gross revenue from your account to the non-profit of your choice on a monthly ongoing basis.
|Monthly Processing Volume||Monthly Contribution||Annual Contribution||5 year Contribution|
This table shows the estimated donation amount the non profit will receive.
No, you are already writing off 100% of your merchant account fees as a business expense.
Any validated business within the United States that accepts credit cards, debit cards or ACH (automatic withdrawal check services) as a form of payment from its customers.
Yes, we send a report to the non-profit with every check indicating the total donation amount they received on your behalf.