MerchantPlus Enterprise Solutions (MPES) announced today that long-time client, City Lights Cruises, will be moving from a traditional tier structured merchant account to the Enterprise Solutions Platform, including transparent Interchange-plus based pricing. Previously, this account type has only been available to very large “Fortune 500” merchants, but is now available to the SME (Small to Medium Enterprise) marketplace. With MPES, City Lights Cruises will save money and gain clarity into their business with enhanced reporting tools used to evaluate fees and reconcile statements against their back-office.
“When MPES approached us to switch over our account to interchange-plus, we were hesitant as this new structure seemed confusing,” stated City Lights President Bruce Goveia. “After reviewing the program with my MPES account manager and coming to the realization that I stood to save over 20% off my monthly processing fees, the decision was obvious.”
City Lights Cruises processes 100% of their three-hour party bookings online through their website, www.citylightscruises.com. Their luxury yachts offer cruises in New York, Chicago, Los Angeles and five other cities in the US and Canada.
“Our goal is to provide our clients with clarity into what fees they are charged on their electronic processing and to keep them up to date with Interchange modifications that may affect their bottom line.” says Brion Bonkowski, VP MPES. “The merchant card processing industry has operated under the concept that the more confused the merchant, the more they can charge. We don’t agree with this philosophy.” In fact, the only way MPES is able to offer their clients their automatic reconciliation solution is by providing this unambiguous interchange-plus model.
When a company’s primary source of revenue is bank card transactions, be it eCommerce, point of sale, MOTO (Mail Order Telephone order), or otherwise, controlling the fees associated with each transaction becomes a mission critical part of the business. Companies interested in evaluating their cost structure should review their processing statements – if they see a limited 3-tier or 5-tier structure (such as qualified, mid-qualified, and not-qualified), they should contact their merchant card processor or MPES to see if Interchange-plus is a better option.
About City Lights Cruises:
The nation's largest party cruise line, Cruises include: 3 hour luxury yacht cruise, complimentary hot buffet, DJ & Dancing, 2 free beverages, An upscale nightclub atmosphere with dinner & dancing, Perfect for a night out, birthday, engagement, & anniversary, Schedules vary, Afternoon & evening departures available, Daytime cruises are open to all ages.
About MPES:
MerchantPlus Enterprise Solutions (MPES) is a consultative payment solutions provider that helps companies optimize operations, reduce risk and manage compliance. It assists with high volume payments, globalized sales channels and complex business processes. With over 10 years experience in electronic payments, enterprise accounting, ERP integration and business process analysis, MPES brings management consulting to the payment world.
Contact:
Brion Bonkowski
MerchantPlus Enterprise Solutions (MPES)
29 Broadway, 30th Floor
New York, NY 10006
212.812.4177
