Helcim Review A Reliable Supplier of Merchant Accounts Reeves and Sons Limited might receive a commission if you sign up for a service using one of the links on this page. Are you a Canadian-owned online company? If so, Helcim is the best merchant account supplier for you. What about American-based businesses? It’s also a good choice.
In fact, you could make the case that the Canadian company Helcim is one of the most open and data-driven businesses to work with when it comes to handling your online payments. The organisation has extraordinary resources as well. This is among the most useful services you can discover with any business, especially given how convoluted the world of merchant account providers is.
Helcim Review A No-Gimmicks Merchant Account Provider
In this article, you can know about Helcim Review A No-Gimmicks Merchant Account Provider here are the details below;
Helcim’s inability to work with businesses outside of the USA and Canada is its only drawback. However, Canadian and American businesses can celebrate because it would be difficult to choose any other choice besides Helcim. So let’s investigate Helcim and see why it’s a strong choice for your merchant accounts.
Helcim Ease of Use
Helcim provides retail, virtual, and mobile interfaces. You might therefore be working on just one of these or all of them. Since the virtual terminal will be used by the majority of businesses, let’s start there. You get the option to accept payments from standard credit cards like Visa, Mastercard, and American Express, and it’s all about processing safe cloud payments. virtual Because everything takes place on a web browser, you may access the interface from a PC, MAC, tablet, or smartphone. Real-time transactions are useful for almost any kind of business, and logging in only takes a moment. This is another Helcim Review. Also check LocalCryptos Reviews
Although you might not be able to view the customer credit card vault, it is a crucial component of customer security and peace of mind for you. I like that you have the option to print or email receipts since it allows you to collect email addresses and use less paper. Set up recurring billing at any time directly from the terminal, and after two days, the built-in merchant account will transfer funds to your account.
If you want to get paid a little bit quicker, the system also allows you to email invoices. For returning consumers, everything is essentially automated and the payments are seamless overall. We may now move on to the UI for mobile payments.
Tablets may certainly access the virtual terminal, but this area is actually made to look like a lovely software that allows you to take payments while you’re on the road. It’s ideal for setting up your complete store on portable devices, or you can use it when attending conferences and trade events. Cellular payments
It offers assistance for the iPhone, Android, and iPad in addition to a free card reader to swipe payments into your system. Remember that in order to connect with your merchant account when offline, you must have a 3G or WiFi connection. The mobile platform supports an infinite number of users and costs $30 per month.
An email receipt is automatically delivered to the customer for their records after they swipe their card into the mobile reader. On the mobile device, they can even add their own signature and tip. This is another Helcim Review.
Is this preferable to use Square?
Well, if you look at this cost comparison, you’ll discover that Helcim starts to save you money once your monthly spending reaches $2,500.
- The Helcim retail module is also among the simplest to use products on the market.
- retail devices
- There is a set price for credit and debit terminals, and you can choose between wired and wireless models.
- The cheapest module terminal costs $199 per unit, while the most expensive one costs $549 per unit (at the time of this article).
- This goes together with the virtual terminal, and the merchant account does too.
- You essentially obtain all the capabilities included in the virtual and mobile versions, in addition to two-day bank deposits.
Helcim’s Top Features and Services
The services and goods offered make it a good option for online business because merchant account deposits are completed in two business days and all customer care is handled by Helcim. What further benefits can you anticipate from signing up?
Your Own merchant Account
This is another Helcim Review. Although Elavon is the main processor for merchant accounts, it almost feels like you aren’t interacting with a second firm at all. Why?
Because Helcim handles your account, billing, and support. Regardless of the processing option you select, a merchant account will already be included. This indicates that your business accepts all credit cards instantly. American Express is also accepted. Also check Dumpor Review
A Terminal Needed
No matter the internet package you select, all of them have a virtual terminal that allows users to do transactions in a browser. Even better, you can email or print off receipts to send.
Helcim advises you to locate a monthly lease for a physical terminal. They have their own terminals for $199, as was discussed above, but a third-party solution might be your best bet.
Payment gateway options
Various payment gateway options, including recurring billing, cart integration, and a payment vault, are available with the enhanced internet package. When you combine the PCI compliance programme with the payment vault, you can lock down customer data and assure customers that their information is totally secure.
Processing Through Mobile Devices
Although the app is free, there is a $20 monthly cost as well as a fee for the card reader. The app is provided by Elavon and ultimately works out to be less expensive than alternatives like Square. This is another Helcim Review.
Special Nonprofit Rates
You can get lower rates if you operate your company as a nonprofit. In contrast to the majority of other payment processors and merchant accounts, I would suggest Helcim to nonprofit organisations in particular. For this pricing, speaking with a professional is your best option, but based on what we’ve seen, it’s a good deal.
Gift Cards
In the world of merchant account providers, this is not unusual, but Helcim treats these situations fairly and openly.
Seasonal Account offerings
There is no need to pay for your merchant account for an entire year if your business is seasonal. You can put the account on hold with Helcim if necessary.
Helcim fees and pricing structure
Interchange-plus pricing is gradually improving the business of merchant account providers. In the past, the majority of suppliers would try to convince you to sign up for what is known as tiered pricing, which lumps your costs into nebulous groupings and charges you, the merchant, with unexpected costs and rates.
Since interchange-plus is one of the most open pricing models available, such is not the case with it.
The good news is that Helcim offers interchange-plus, and they won’t try to force you into a tiered model before you specifically choose to switch to an interchange-plus option. This is another Helcim Review.
The Retail Plan
- For each transaction, you pay $0.08 plus 0.18% interchange.
- There is a $12 monthly charge in place.
The Internet Pro Plan
- Your monthly payment is $25.
- Every transaction costs you $0.25 plus 0.36% of the interchange.
- All of this includes a lovely payment gateway.
The Mobile plan
- This includes a no-cost app.
- For $45 add a card reader to the package.
- Pay a monthly charge of $30.
- For each transaction, you are charged $0.08 plus 0.18% over the interchange fee.
- Additionally, a few discounts are given to you based on the size of your store:
- None of these savings are automatically applied; instead, they are all negotiated.
- As a result, you must consult Helcim before putting them into practise.
- Regarding a standard merchant account:
- $0 to 50,000: 0.18% + $0.08
- $50,001 to 100,000: 0.16% + $0.07
- $100,001 to 500,000: 0.14% + $0.06
- $500,001 to 1,000,000: 0.12% + $0.05
- Over $1,000,000: 0.10% + $0.05
- Regarding a virtual account:
- $0 – 50,000: 0.36% + $0.25
- $50,001: 100,000: 0.24% + $0.20
- $100,001: 500,000: 0.18% + $0.15
- Fees they won’t impose on you:
- $500,001: $1,000,000: 0.15% + $0.10 $1,000,001
- above: 0.10% + $0.10
- Added costs
- Any recurring monthly fees
- Statement setup expenses Account setup fees
- Early conclusion
- Non-qualifying costs
- Fees for PCI Compliance
Contracts and Special Rates
Anytime you choose, you can close your Helcim account. Yes, you are not obligated to sign any lengthy contracts or pay any early termination costs. This is another Helcim Review.
Helcim is a great company to work with because they keep you informed at all times, however you should still read your contract.
Helcim Customer support
The web tools and FAQ part of Helcim work well for finding solutions to your problems without having to spend a long time on the phone, and both email and phone help are available around-the-clock. The business has a decent social media presence, and the blog lets you stay up to date with developments in the market. Also check Spokeo Review
Working with the people at Helcim is the finest. They are constantly available to help you through the process without using any gimmicks, and they never try to pressure you into making a purchase. Helcim provides the most transparency of any merchant account provider I’ve encountered, so this is very clear-cut.
Who should be Using Helcim?
The only issue I have with the Helcim company is the somewhat high mobile processing costs. In light of this, Canadian companies have no excuse for not choosing Helcim. A company that is so openly focused on education and seems to be thinking about its customers all the time deserves a close examination from US enterprises.
Let us know in the comments area below if you have any queries regarding setting up your business on the Helcim system.