AAM Group Launches Credit Card Processing Service

The AAM Group has launched a new credit card processing service for the automotive aftermarket called Aftermarket Payments, the group announced.

Provided in partnership with PayJunction, Aftermarket Payments features no start-up, PCI, equipment, authorization, monthly or annual fees of any kind, the AAM Group said, and offers two main service options to qualifying accounts:

• The Standard option provides a 2.5% rate plus 0.10 transaction fee on card-present transactions.
• The Cash Discounting option, which passes the cost of accepting cards to customers, sees customers pay a 3% credit card fee, while shops pay only 10 cents for every card-present sale.

Both programs come with a free ZeroTouch Terminal, next-day deposits and PayJunction service.  In addition, Aftermarket Payments integrates with The AAM Group’s Aftermarket Websites platform and supports eCommerce sales.