We all know that a revolution is a drastic change. So what change does the Revolution Card bring in the credit card industry? Well, the most significant change is eminent in the very first glance at this revolutionary credit card. You will see not a single personal detail written on it, not even the name, not even a number and not even a signature. As they claim, it looks different and it is different.
Countless measures have been taken in recent years, in order to fight fraud and data theft. Many standards are formed, many policies are followed, yet no one has ever thought about changing the credit card completely. Apparently, the Revolution Card did, but does that really make a difference?
This is true that there is not a single bit of personal information imprinted on the card. The card is completely PIN -protected, which means no one will ever be able to use it without the pin. This automatically lowers the risk of identity and information theft. This is the major reason why so many people now prefer the Revolution card over other credit cards. This makes it more important for merchants to accept these Revolution Cards.
The increasing interest of consumers in the Revolution card explains the need of accepting these cards for merchants. However, other than increased sales and prospects, the Revolution card can offer various other benefits for merchants. With revolution cards the merchants won’t have to pay any interchange payments between the banks. Also, the Revolution card offers a flat fixed rate pricing with a cost of 0.5% for transaction processing and settlement. This helps the merchants save up to 80% per transaction in comparison to other credit cards they accept.
This isn’t the only place merchants are saving costs with Revolution Cards. Due to their extremely secure nature, fraud and theft are almost eliminated with Revolution cards. This results in a lower chargeback rate probability and minimum transaction disputes. As the risks are decreased as low as 90%, the cost is automatically minimized.
Accepting Revolution cards is easy, just like accepting other payment cards. Some people think that it might need an equally revolutionary method. Yet, for accepting Revolution cards, you only need to be able to accept PIN based transactions. These cards can be accepted online or over the phone. All the consumer needs to do is to enter their card number and card authorization code.
Although there are plenty of loyalty, rewards and points programs available that you can tie to the usage of card on your store, you can also create and control programs of your own. You can also add the card to your existing reward or loyalty program.
In response to the number of consumers preferring Revolution cards, a number of businesses are accepting these cards as well. Many merchant service providers now offer merchant accounts with the ability to accept these Revolution cards. With this ability you are not only looking at countless benefits of a flat fixed rate and flexible reward programs, but also a crowd of consumers who want more security and advantages.