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.