Captive Alternatives (CapAlt) has launched a new programme that allows membership associations to provide a fee-based merchant services programmes to members, eliminating merchant services commissions.
The new programme means membership associations can provide their members with a no-commission programme.
TransFirst, a payment processor that directly services accounts without expensive intermediaries, will support the new programme.
David Kirkup, CFO and COO of CapAlt, commented: “We are enabling membership associations to provide a valuable new benefit to their members."
"With this approach, membership associations will be able to make additional revenue while significantly cutting the cost for members who accept customer credit cards. We have been able to save 50 to 70 percent of the costs of member’s fees each year. We are targeting medical and dental associations as well a business and affiliate groups that want to offer valuable add-on services to their members."
