The Advantage Program, is a stand alone program that provides financial recovery for business owners unlike any other.
Our PCI-DSS partner portal offers the most advanced, innovative processes for your merchants to conveniently complete PCI-DSS Compliance.
Please scroll down to learn more!
PCI-DSS Portal
Advantage Program
Merchant Data Security
PCI Breach Coverage
- Card Brand Assessments
- Forensics Costs (PFI)
- Notification Costs (for customers cards that were stolen)
- Cost to Reissue Cards to Customers
- Credit Monitoring (for customers cards that were stolen)
- QSA Services as Required by the Card Brands after a Breach
Additional Enhancements
- Cyber Extortion / Ransomware costs
- Regulatory Assessments, Fines, Fees, Penalties (including HIPAA, GDPR, etc…)
- Post-breach Chargebacks (including fees)
- Protection for Personal Identifiable Information (PII)
- Legal Defense Costs to Defend Regulatory Action
- Legal Consultation for Notifications
- Crisis Management and Public Relations
- Data Restoration
- Equipment/Software Updates (as may be required by Card Brands in breach resolution)
- Sales Channel Indemnity
- Includes Foreign and Domestic Merchants
Cyber Extortion / Ransomware
- This is overlooked by most merchants in today’s world. Cyberattacks are greatly increasing by the day. Automated attacks on any computer, POS System, server, etc… attached to the internet. Most merchants have/are shifting to POS Systems that can store Personal Identifiable Information (PII). This leaves your merchants and their systems vulnerable to Regulatory assessments, fines, fees, and penalties in addition to losing data stored in their Computers, POS Systems, and Servers (example: Loyalty Programs, Email Campaign’s, Promotions, etc…).
- Of the merchants that do have cyber coverage, most are paying in excess of $15k / year including a $25k deductible. Our program offers $100,000 coverage with NO deductible.
Chargeback Reimbursement
Average Margin For Sale Channel
The average margin for Sales Channels has currently ranged from $19 – $25 / MID / Mo. NET!
Per 1,000 merchants (70% card present), on average:
- $22,631 / Mo.
- $271,581 / Yr.
- $2,150,659.26 / 8 Yr.
This would be billing merchants at our recommended low pricing of $24.95 for Advantage $250/$1k, and $14.95 for Merchant Data Security only. Our average sales channels are billing higher pricing to their merchants (see “Costs”).
Chargeback Descriptions Covered
Covers Card-Present Transactions (currently) for:
- Fraudulent Chargebacks.
- EMV Liability-Shift.
- Fallback Chargebacks.
- Chargeback Fees billed by the Sales Channel.
- Also includes ATM’s, Domestic, and Foreign Merchants.
How Fast Are Merchants Funded
Merchants are funded in monthly batches.
Card Not Present
We are very close to launching our Card Not Present platform which will include chargeback reimbursement for MOTO and Ecommerce merchants.
How Do Merchants Submit Chargebacks?
Through our portal, merchants simply click “Submit Chargeback” from their Merchant Dashboard and upload a copy of the Chargeback/Dispute Notification letter.
How Do Merchants Know If Chargebacks Were Approved For Reimbursement?
Merchants receive an email response once the claim has been submitted.
Can A Merchant Be Dropped?
Yes, a cancellation of a merchant can happen from time to time due to red flags in activity that are monitored each month. These red flags can be for an extreme / abnormal number of claims continuing month after month, the same amounts and duplicate claims by same card holder each month after month, continual claims at the exact max limit month after month, etc… However, this is a rare occurrence. Our team seeks to intervene with an attempt to prevent these types of occurrences.
Advantage Program Costs
What Does It Cost?
Sales channels under 5,000 merchants, pricing is as follows:
- $100,000 Merchant Data Security Only (MDS) – $4.00/MID/Mo.
- Advantage $250 (includes MDS and Chargeback Reimbursement for Chargebacks up to $250/Transaction. Requires full portfolio in the MDS at a minimum to gain access to Chargeback Reimbursement.) – $9.99/MID/Mo.
- Advantage $1k (includes MDS and Chargeback Reimbursement for Chargebacks up to $1,000/Transaction. Requires full portfolio in the MDS at a minimum to gain access to Chargeback Reimbursement.) – $11.99/MID/Mo.
- Sales channels over 5,000 merchants, please contact us for pricing.
Our recommended pricing and our average sales channel’s are billing their merchants at:
- MDS Only – $14.95 – $19.95
- Advantage $250 – $24.95 – $34.99
- Advantage $1k – $29.95 – $39.99
When Is Billing Complete?
Billing is complete on the 21st of each month for the previous months activity. For example: March’s billing activity would be billed April 23rd. Invoices are generated around the 10th of each month.
Who Is Billed?
We traditionally bill the sales channel. Sales channels can then bill their own merchants via ACH or through their processor (if able). ACH is often advised in order to keep the program separate from the merchant processing statement.
Integrations
A full API integration is available.
We currently also have integrations for USAePay, Vericheck, NMI, and IRIS. Other integrations may also be complete on request.
Marketing Materials
Our design team will provide each partner with their own branded brochure for marketing to merchants. Sample brochure can be found at: http://encytro.com/downloads/encytro_advantage_brochure.pdf