Take credit card payments from your Iphone or Ipad!

Posted on March 17th, 2011

The much anticipated release of Mercury VirtualTerminal™ is here. Mercury VirtualTerminal is a free, PCI-compliant solution for internet based credit and gift card payment processing.

One of the most exciting aspects of the release is the new iPhone app which allows Mercury merchants to swipe credit and gift transactions on their iPhone, iPad, or iPod Touch. Merchants just attach an iDynamo swiper, and get end-to-end encrypted transactions!

The release also includes enhancements to the mobile browser version and the web browser, which replaces Mercury’s Back Office Program. Merchants can access the virtual terminal for payment processing with an internet connection and a computer, or a smartphone.

For our dealer partners, Mercury VirtualTerminal has several benefits. Dealers can use the virtual terminal themselves to process payments for goods and services they provide merchants, on-site. And it’s an added sales tool in winning new accounts, and expanding profitability on existing ones.

Offer virtual terminal to merchants who are not yet ready to purchase a POS system or ECR. Or position it as a back up solution in case of other system failures. It also appeals to merchants who provide delivery services, host off-site special events, or operate seasonal kiosks.

Contact your Mercury liaison to learn more about how Mercury VirtualTerminal benefits your business.

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Purchase POS equipment in 2011 to take advantage of 100% Bonus Depreciation

Posted on March 2nd, 2011

Due to a recent tax relief law, businesses can depreciate 100% of personal property assets put in service during 2011.  Bonus Depreciation falls to 50% for personal property assets put in service during 2012.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) was signed into law on December 17, 2010. This legislation extends bonus depreciation through the end of 2012 and temporarily increases, for 2011 only, the amount of bonus depreciation from 50% to 100%.
Technically, the Act provides 100% bonus depreciation for business assets (such as Point-of-Sale equipment) placed in service from 9/9/10 through 12/31/11; there is no dollar limit to the amount of depreciation that may be claimed in 2011. Bonus depreciation falls to 50% for assets placed in service during 2012 and is eliminated after 12/31/12.

According to the Act, businesses may write-off 100% of the cost of depreciation property installed during 2011
provided:
• the equipment is used in the U.S.
• the equipment is new
• the original use of the equipment must
commence between 1/1/11 and 12/31/11
• the asset is depreciable under the Modified
Accelerated Cost Recovery System (MACRS)
and has a depreciation recovery period of 20
years or less

Typically, businesses recover the cost of equipment and other capital investments through specified MACRS depreciation schedules.  Under this system, Point-of-Sale equipment has a five year life and the recovery deductions by year are 20%, 32%, 19.2%, 11.5%, 11.5%, and 5.8%.  Accelerating depreciation to 100% of the cost of an asset (as opposed to depreciating that asset over its MACRS life) lowers a company’s current tax liability. It should also be noted that bonus depreciation can be used even to the extent that it creates a tax loss, thereby possibly triggering a
refilling of previous year’s tax returns and creating tax refunds.

Note: We strongly urge that you seek advice from a qualified tax professional.

IFS: 918 Antelope St, Corpus Christi, Texas 78401

Contact: Michael Quinn, 1-800-595-5105 ex 3, mquinn@cashregisterpeople.com

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Call us for a POS Demo today!

Posted on March 1st, 2011

Control your Bar with a new Pixel Point POS from Par

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