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Prineta Is the New Avendra For Hotel ATM Services

Prineta has been approved as the ATM services vendor at over 100 Marriott hotels.

Marriott hotels now have greater freedom to select their ATM vendor of choice.

In October 2017, Aramark acquired Avendra from majority shareholder, Marriott International Corp.

Per Aramark’s official website, “Aramark provides food service, facilities and uniform services to hospitals, universities, school districts, stadiums and other businesses around the world.”

Prineta steps in where others fall short in providing ATMs serviced by local technicians in every major American market.

Distinguishably, Prineta monitors cash levels in real time online to ensure that ATMs stay full.

This is to be compared with competitors who broker services to third party vault companies operating a scheduled, unalterable cash service.

Given the inability to predict exact transaction volumes, monitoring and responding to cash levels is the only way to ensure that an ATM doesn’t run out days before it scheduled to be loaded.

In 2017 and 2018, hotels with active Avendra relationships who we were in contact with chose Prineta over Avendra more than 80% of the time.

 

References: 

https://www.bizjournals.com/washington/news/2017/10/16/marriott-invested-13m-in-this-companys-founding.html

https://www.avendra.com/company/news/avendra-to-be-acquired-by-aramark/

Mobile ATM Chicago

Prineta now offers mobile ATM services for events all around Chicago.

We have a fleet of ATMs in Chicago ready for deployment at large events in the Chicago area.

Mobile ATM trailer is also available for large enough events. The trailer has two ATMs available on the outside of the trailer and can be parked outside your event for the convenience of the attendees.

For more information, fill out the form here

Pricing, Fees & Cost for ACH Payment Processing

How much does it cost to process ACH payments?

It ranges from $0.10 to $0.95 per transaction based on the merchant type, processing volume and prior processing history. On this page, we will explain how ACH pricing works so you will know what to expect when looking at the Pricing Exhibit offered when you apply for an ACH account. Oh, and we can help you set up a new ACH processing account of course too. Just use the contact form at the bottom of the page.

If you are reading this post, you probably understand why ACH processing capabilities are essential for many businesses. ACH is an easy and cost effective way make and receive payments and streamline receivables with automated recurring billing.

But not all ACH processing solutions are the same. Some have a better virtual terminal than others. Some support next day or same day debits and credits and others do not. Only a handful of leading processors have later evening cutoff times and Sunday night processing. Bulk secure file transfer bulk import uploads and API integration are important considerations. Obviously, there is more to choosing an ACH solution than just pricing; it’s important to choose a solution that meets your needs/requirements first and then compare on price.  And since this page is mostly about pricing, let’s get right to it.

The pricing works a little differently if you have prior processing history (statements) or if you don’t.

For merchants with history, the common practice is to submit your current statements for review and the processor typically comes back with an offer to match your current rates or will offer a lower cost proposal. Processors will look at what you are currently paying and will compete to win your business. So that makes the process easy if you are already processing today and want to switch processors or just sent up another new account. Approval rates are very good if you already have good history (without a lot of returns/chargebacks).

For startups or merchants that have never processed before, it can be more difficult to get approved for some higher risk merchant types (and it might be better to start with eCheck) but otherwise, most verified low risk merchants have no problems getting approved.

Here is an outline of what you can expect:

Elite Category – This will be a merchant that has been in business at least 5 years, can provide 1 year of positive processing history, is in a low risk industry, and as a minimum of 10,000 transactions per month. Examples would be utility companies, software providers, churches and religious organizations, non-profits, daycare/childcare, schools, medical and dental, etc.

  • Per Transaction: $0.10 – $0.25
  • Per Return: $0.50 – $1.00
  • Per Chargeback: $15
  • Monthly Fee: $0 – $20
  • Per Refund: $0.10 – $0.25
  • Application Fee: $0 – $25
  • Discount Rate: 0%

Non-Restricted – This will typically be a recurring monthly or membership based business. Examples would be gyms & fitness centers, doctor/medical/dental offices, business lending (merchant cash advances and receivables financing), tanning and beauty salons, 501c non-profits, and those low risk merchant types without 5 years in business and positive processing history. Processing history, length of time in business, and transaction volume determine where you will fall within this category.

  • Per Transaction: $0.25 – $0.50
  • Per Return: $1.00 – $3.00
  • Per Chargeback: $25 – $35
  • Per Refund: $0.25 – $0.50
  • Monthly Fee: $15 – $25
  • Application Fee: $25 – $50
  • Discount Rate: 0% to 1.5%

Restricted – These are “high risk merchants” that are not prohibited. Examples would be consumer lenders, collection agencies, credit repair, debt consolidation, nutraceuticals (“Nutra”), property management, student loan doc prep, online/remote tech support, etc. But like with all merchant types, where you fall in the range is based on your processing history, length of time in business, and transaction volume.

  • Per Transaction: $0.30 – $0.95
  • Per Return: $3.00 – $5.00
  • Per Chargeback: $25 – $35
  • Per Refund: $0.30 – $0.95
  • Monthly Fee: $20 – $30
  • Application Fee: $25 – $50
  • Discount Rate: 0% to 2.5%

 

Note: It is very important to manage your return rates. NACHA implemented new rules awhile back that require returns to be less than 15% overall, 3% administrative, and 0.5% unauthorized return chargebacks. If you exceed these thresholds, will be very difficult to get approved for an ACH account (if not impossible). For merchants with return problems, you may want to consider account verification services and using eCheck Alternative ACH for newer customers that don’t have a payment history with you.

 

Pricing sounds good and you want to set up an account?

We can help (of course). If you would like some help setting up an ACH processing account that will meet your needs and a pricing structure that makes sense for your business, we can help you. Fill out the contact form at the bottom of this page.

Similar to how an independent insurance agent sets up policies with multiple insurers, we are a “payment solution broker” and independent agent with 10 different ACH processors and can set up accounts for our clients. We will help you through the application and underwriting process and make sure you get set up and processing properly. We can help you apply with multiple processors or we can just recommend the processor we think would be best for your situation and needs. We can help you solicit proposals from up to ten processors (we manage RFPs for lower risk high volume merchants) and you can choose which offer you like best. We have President or Vice President level relationships at all of our processors and know how to get things done. When you work with Prineta, you can enjoy an experienced senior level account executive that will be your one point of contact when you are first applying and down the road if you ever need some help with your account.

 

Contact us via the Contact Form Below

And we will follow up right away with an email to schedule a time to talk or send you information to get started with the application process. What you read on this page with pricing is a true reflection of what we can offer – so if you like this pricing, contact us – and we can set up an account for you with the best ACH processing company for your situation and needs with good pricing.

Prineta Awarded Winner and One of Kansas City’s 25 Best Small Businesses

We are very proud to announce that Prineta has been selected as a winner and one of the top 25 small businesses with fewer than 25 employees in the Kansas City-area in Thinking Bigger’s 17th Annual “25 Under 25” Business Award.
http://ithinkbigger.com/2018-25-under-25-winners/

According to the Kansas City Business Journal there are 50,729 businesses in the KC area!

The research from Thinking Bigger Business Media indicates that in Kansas City metro area, around 83% (or 42,105) of those businesses have fewer than 25 employees.

According to our math, that makes Prineta and the other winners as 0.06% of all KC small businesses! 

We were curious about that stat, so we double-checked the statistics:

The Small Business & Entrepreneurship Council also had a similar statistic that “firms with less than 20 workers made up 89.4 percent of businesses”.

The US Census Bureau also had a statistic stating 89% of business have fewer than 20 employees:

Congratulations to all of the 24 other winners!

Adams Dairy Bank
Cherry
Code Koalas
DMC Service, Inc.
Freedom Interiors
FSC, Inc.
Good Energy Solutions, Inc.
Happy Food Co.
High Prairie Landscape Group
Kansas City Foot and Ankle
KC Crew
KC Restoration, LLC
Meridian Business Services LLC
Midwest Sport Productions
Morgan Miller Plumbing
MTI Events
Network Innovations Inc.
Notes to Self
Partners N Promotion
Pioneer Music
SureHosting Internet Solutions, Inc.
Sydney’s Pet Spa
Thirsty Coconut
Wide Awake Films

Prineta Now Accepting Bitcoin & Ethereum Payments

We are proud to announce that we are now accepting payments in the form of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and any other major Cryptocurrency (upon request) for ATM purchases as well as other products and services.

Now Accepting Bitcoin and Ethereum Payment for ATM

How to Buy with Bitcoin

To check out with Bitcoin, Ethereum, or LiteCoin, contact a Prineta sales representative and you’ll be directly provided with one of Prineta’s cryptocurrency wallet addresses or QR Code.  If you are using CoinBase, the digital currency can be sent easily via CoinBase to the email address assigned to our CoinBase wallet.

GenMega ATMs for Sale: Wholesale Prices, Pre-Programmed

If you’re looking to purchase a GenMega ATM, you’ve come to the right place. Prineta is a master dealer/distributor of GenMega brand ATM machines. We sell GenMega ATMs at wholesale cost, delivered anywhere in the United States.

GenMega ATMs G2500 Onyx Onyx-W GT3000 GT5000

Wholesale Pricing

Because of the large yearly volume of ATMs Prineta sells, we receive special wholesale pricing from the manufacturer and therefore we are able to offer the most competitive pricing for GenMega ATMs of any company out there. We want to work with you long-term and handle your transaction processing services, therefore we pass-through this wholesale pricing to our customers. For customers who user our transaction processing there is absolutely no markup on the ATM we sell you. You read that correctly – we do not make even a dime from selling you the ATM, so long as we handle your transaction processing.

 

Pre-Programmed

Other companies sell ATMs then make you pay wild amounts to have someone come out to the site and program the ATM for you. Or even worse, they make you figure out how to program it yourself! Don’t worry about hassling with the configuration and settings on your brand new ATM, we’ll handle that for you. Upon the purchase your new ATM, we’ll have you fill out a form specifying your preferred settings including surcharge fee, communication type, withdrawal limit amount, bill denomination type, welcome screen message and more. Once we get that information back from you we’ll have a certified GenMega ATM technician program the ATM for you, before the ATM is shipped out.

ATM Technician Maintenance

Factory Direct – Two Year Parts Warranty

Because we get our ATMs direct form the GenMega factory in Hawyard California, you can ensure that your ATM comes with GenMega’s 2-year parts warranty. If any part breaks you can ensure the part will be replaced by GenMega entirely free within a two year period. Other companies will buy the ATMs and let them sit, then sell years later for a lower price and voided warranty.

GenMega Factory in Haward California

 

GenMega 2500: The Most Popular ATM

The GenMega 2500 model is our best selling ATM. Almost 90% of our customers purchase the 2500 model due to its affordability and reliability. This is the ATM we recommend for most merchants and small business owners.

Other GenMega ATM Models

Aside form the GenMega 2500, we also sell other models such as the Onyx, Onyx-W, GT3000, GT5000, Onyx-W 2K, and C6000.

GenMega Onyx

The GenMega Onyx is an “upscale” and slightly more pricey version of the GenMega 2500. With all the same reliable parts as the GenMega 2500, it comes with an improved all-black (hence the name Onyx) and glossy appearance. It comes with a larger screen and touch screen buttons.

 

genmega onyx retail atm machine left view

Onyx

GenMega Onyx-W

The GenMega Onyx-W is the most popular wall-mounted ATM on the market. It’s small, nice-looking, simple to operate, and easy to install/mount. The GenMega Onyx-w is a great ATM for businesses with very little space.

 

 

GenMega GT3000

The most popular through-the-wall ATM unit is the GenMega GT3000. This ATM comes with a 2000-note cassette and has a slim, modern profile for use on almost any wall. It’s also more affordable than most bank-grade through-the-wall ATMs.

 

Request a Quote

To get a quote on a new GenMega ATM, feel free to call and speak to one of our ATM sales reps at 1-800-951-9533 or contact us via the contact form below.

 

 

New Bitcoin ATM in Kansas City, Missouri

Prineta USA is proud to announce the deployment of a new Bitcoin ATM terminal in Kansas City, Missouri.

We are currently looking for a new location for our Bitcoin ATM. To apply please contact us ASAP as we have had several interested business locations.

Bitcoin ATM Kansas City 11050 Holmes Rd, Kansas City, MO 64131

The GenesisCoin Satoshi1 model Bitcoin ATM is capable of cash-to-cryptocurrency exchanges, with a limit of $999.00 per day for unregistered/non-validated exchanges.

For questions about Bitcoin ATMs in Kansas City, contact Prineta at 800-951-9533 and ask to speak with our Bitcoin ATM representative,  or submit your inquiry via the contact form below.

Get an ATM For Your Cash-Only Business

Are you a small business owner that’s getting tired of the endless fees from credit card processing and thinking about transitioning into a cash-only business? You’re not alone – here at Prineta we receive calls and inquiries almost daily from merchants just like you looking to ditch their merchant account and go cash-only with an ATM on-site.

Cash Only Business Sign

 

You’re Not Alone

Many think that cash-only businesses are uncommon. In fact, research by Intuit GoPayment Survey shows that approximately 55% of US small businesses do not accept credit cards.

 

55 Percent of US small businesses do not accept credit cards and are cash-only - Intuit GoPayment Survey

You may know of some businesses that are cash-only, you may even be a customer. With some types of businesses it is more common than others to be cash-only.

Some businesses that are commonly cash-only:

  • Barbershops & Hair Salons
  • Nail salons
  • Spas & Massage Places
  • Bars, Taverns, Pubs
  • Dispensaries
  • Tattoo Studios
  • Laundromats
  • Strip Clubs
  • Nightclubs
  • Small Restaurants
  • Pizzerias
  • Donut Shops
  • Coffee Shops & Cafes
  • Vietnamese & Chinese Restaurants
  • Ice Cream Shops

Endless Credit Card Processing Fees

Accepting credit cards usually costs the merchant around 3% of the purchase and can often come with all kinds of other fees. Depending on the merchant account provider you’ve chosen, you may recognize some of the following:

  • Setup Fees
  • Interchange Reimbursement Fees
  • Terminal Fees
  • Payment Gateway Fees
  • PCI Fees
  • Annual Fees
  • Early Termination Fees
  • Monthly Fees
  • Monthly Minimum Fees
  • Statement Fees
  • IRS Report Fees
  • Online Reporting Fee
  • Network Fees
  • Incidental Fees
  • Address Verification Service (AVS) Fees
  • Voice Authorization Fees
  • Retrieval Request Fees
  • Chargeback Fee
  • Fraud Accountability Fees
  • Batch Fees
  • NSF Fees

The list goes on and on…

For some merchants this is a big decision. For others who are drowning in fees it’s a no-brainer. Some business owners just look at it as the cost of doing business, but others seek to find another way.

 

Sign in a store: To provide quick service and keep prices down we don't accept credit/debit cards

Won’t I Lose Business If We’re Cash-Only?

The truth is that it’s a cost-benefit analysis – You may lose some customers at the beginning, the “if you don’t like it go somewhere else” types. If you calculate how much you would be paying in yearly card processing fees compared to the amount of yearly revenue you missed out on from a few disappointed customers then you’ll have your answer. Most businesses will retain the majority of their loyal customer base. These customers who enjoy the products or services will be there to stay, regardless of payment types accepted. 

Get an ATM Installed On-Site

The best way to offset any customer loss due to a cash-only transition is to ensure customers have quick access to cash via an ATM. Since many people nowadays don’t carry cash, when people need cash they almost never have it. Having access to an ATM solves this issue. Almost every customer who wants to pay with credit card will also have a debit card and can use the ATM to get cash. Sending them down the street to the gas station or bank branch to use the ATM often results in them leaving and never coming back. Getting an ATM installed on-site ensures that the customers always have quick access to cash when they need it.

Cash Only ATM Located Inside of Store Sign in Storefront Window

Free Full-Service ATM Placement

Almost all cash-only businesses qualify for our Free Full-Service ATM Placement program. With this program, Prineta will place and operate an ATM we own at your business, entirely for free! There is no cost at any time. All we need is an electrical outlet and about 2 square feet of floor space. In many cases we can place the ATM for you before you eliminate the card terminal so everything goes as smoothly as possible when you do switch.  

Call Prineta today at 1-800-951-9533 to speak with a representative about getting an ATM placed.

Buy and Operate an ATM Yourself

The other alternative is to buy an ATM and operate it yourself. With ATM purchase you keep 100% of the revenue generated from when people pay to use the ATM. If you own and operate the ATM yourself you have more flexibility, for example, you can set a $0.00 surcharge fee so customers will not have to pay to get cash. You can also set a high withdrawal limit per transaction, so customers can take out up to $600 instead of the normal $200 per transaction amount.

Cash-Preferred and Semi-Cash-Only Businesses

Give Cash Discounts or Charge Extra for Card Purchases

Some stores aren’t willing to eliminate credit card payments entirely, but are still tired of the fees and want to reduce the amount customers paying with cards. Some merchants add an extra 3% to the price for card payments. Others make the customers aware that you prefer cash payments by putting up a sign offering a discount for cash payments. Another option is to have a minimum purchase requirement for credit card payments – any purchases under $20 must be paid with cash. Full-service ATM placement are also usually available to these businesses, but it will largely depend on foot traffic. Let customers know that using the ATM supports your business.

 

Semi-Cash-Only Businesses

Some businesses have select products or services that can only be paid for with cash, while the majority of the other products/services can be paid for with credit cards. One example is a business who sells lotto and regulations require they can’t be paid for with card. Another example is how many salons, spas, and restaurants accept card payments for the main purchase but require cash payments for tips.  This simplifies the accounting since often the waiter or stylist will be the one who has to take a cut if tips are paid with card.

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