Electronic Payment/Expert Profile

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Thomas Waters


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I can answer questions related to setting up any form of electronic payment with the least amount of risk and the lowest fees. Specialties include but are not limited to: Credit Cards, Debit Cards, Electronic Checks, Gift Cards, ACH funds, and Merchant Cash Advances. I know how to reduce your risk, get your funds settled in your bank account faster, avoid surcharges, and reconcile your fees. I can't answer questions on how to boost your credit score or get approved for a credit card.

Experience in the area

For over 15 years, I have helped over 1,000 entrepreneurs, CFO's, Accountants, and Office Managers make sense of their electronic payment programs. I've conducted thousands of rate reduction analyses, charge-back protection, point-of-sale process engineering, e-Commerce Gateway set-up, virtual Terminal set-up and network conversions.


Delta Sigma Pi - International Business Fraternity


SUNY at Albany Bachelor of Science Degree in Information Technology Management and Marketing

Something interesting about this subject that others may not know:

There are actually 3 little magnetic stripes on the black bar of a credit card. If at least 2 of the 3 magnetic stripes are not read by a credit card terminal, your transactions will still approve but you may incur a surcharge! A quick fix to this problem is to make sure you slide your credit cards all the way through before you are lifting it up.

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
james01/11/16101010ok,thank you very much!!
Dave09/24/15101010Tom's response to my question couldn't have .....
Prashant S Akerkar07/12/13101010Dear Thomas Thank you. Thanks & Regards .....
Prashant S Akerkar07/11/13101010Dear Thomas Thank you. Thanks & Regards .....

Recent Answers from Thomas Waters

2016-01-09 rf blockers:

Hi James,    Standard aluminum will block a signal leaving your credit card until you with to make a transaction. You can also purchase sleeves online to keep your card in. They are pretty standard materials

2015-09-16 Online Credit Card set-up:

Hi Dave,    Think of it like this, WooCommerce is designed to help you make your site easy for your visitors to navigate and shop. Payeezy is a gateway that hooks on to WooCommerce to secure your visitors'

2013-07-11 Wireless Credit Card Billing Machines for Transport Sector.:

Hello Prashant,    There are thousands of different industry types and many of them will benefit from accepting credit cards. Accepting credit cards helps business operations in three major ways. It helps

2013-07-10 Wireless Credit Card Billing Machines for Transport Sector.:

Hello Prashant,    Wireless credit card terminals are available in two popular forms. One type of wireless terminal is very similar to a standard credit card terminal but instead of using a dial-up phone

2012-07-16 paypal vs other transfer options:

The answer to WHY it is cheaper is likely because you need to fit a very specific criteria in order for that low fee to qualify. You are likely only charged that minimal .5% from a paypal to paypal money


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