What Millennium Merchant Services Can Do For You: Joseph Wilk of NJ on His Business

Millennium Merchant Services is Joseph Wilk’s credit card and debit card processing company. Joseph Wilk’s business is all encompassing, offering free 24/7 credit card and debit card customer service and technical support, and check depositing services. Joseph Wilk offers next day deposits of checks as well as protection against bounced checks – even if a check bounces, you still get paid.

Joseph Wilk’s credit card and debit card processing company – Millennium Merchant Services – is the most cost effective transaction processing company in the country due to Joseph Wilk’s breakthrough new pricing program. Joseph Wilk processes debit card transactions for a flat fee of 40 cents with no discount rate percentage and no network acquirer fees, and credit card transactions for no more than one-tenth of 1% of the national wholesale interchange rates that all credit card processing companies pay. And, with the rapidly growing use of debit cards and credit cards – debit card usage is increasing at a rate of 30% per year and credit card usage is increasing at 10% per year – it is important to have a processing company that you can count on. Joseph Wilk guarantees his customers that they will save over half of the money that they are currently spending on transaction processing by switching to his company.

Are you already a customer of Millennium Merchant Services? If you are already a customer, then you should refer a friend! Joseph Wilk offers a $100 referral bonus to customers who bring new customers on board. Tell Joseph Wilk or you referrals about our high-tech terminals with built-in PIN pads and the ability to process transactions in only 2 seconds. Joseph Wilk’s credit card processing company also offers wireless satellite terminals that will run transactions anywhere within the 50 states and electronic check readers that automatically guarantee and deposit checks into your bank without having to go there anymore. Your current company cannot do all of that itself and certainly not for so low a cost!

Joseph Wilk of NJ on Financial Growth: Recent Increases in Credit Card And Debit Card Use

In the last several years, credit and debit card use has increased exponentially. Debit cards have grown faster than credit cards, at a rate of 30% per year, while credit cards have only grown at a rate of 10% per year. Joseph Wilk knows that debit cards are growing more quickly because users recognize them as a more financially conservative form of payment. Former credit card users have been made hesitant by several years in which the national financial scene was tenuous. Joseph Wilk owner of Millennium Merchant Services offered us more information on what this growth looks like.

According to Joseph Wilk, Visa and MasterCard, in particular, have seen significant growth, and the debit card transactions from these 2 card associations represent 52% of all electronic transactions. Visa and MasterCard processed $3.8 trillion dollars in sales in 2010, up from only $2.4 trillion the year before. That $3.8 million dollars represents 50 billion individual transactions made on the 878.8 million Visa and MasterCard credit and debit cards currently in circulation. Joseph Wilk knows that in 2009 Visa and MasterCard only represented 33 billion transactions – that’s a substantial increase in only a year!

Another change that Joseph Wilk has observed in an increase in the use of prepaid cards. Similar to debit cards in terms of immediacy of payment, it is expected that prepaid cards will represent 9.3% of online retail purchases by 2014, up from 5.8% in 2009. The use of prepaid cards also represents an increasingly cautious credit industry which is limiting the issuing of cards to only the most qualified applicants. Overall, says Joseph Wilk, credit card and debit card use is increasing, but it is doing so in a way that represents a more cautious financial outlook and the active replacing of cash and checks by debit cards among younger people.