No Signature Program

No Signature Program

Product Brochure

No Signature Programs enable eligible merchants to provide enhanced service to their customers.

You can speed up your check-out process and increase customer convenience. As an added benefit, your location is also protected against certain charge-backs. There are no additional fees and no additional hardware is required.

The No Signature Program eliminates the need for a signature when a transaction falls below a specified dollar amount for magnetic-swipe credit cards. A credit card transaction receipt is also not required, unless requested by the cardholder. To qualify, transactions must be in person, swiped and authorized. For chip-cards, the terminal will prompt for cardholder to enter a PIN regardless of transaction amount.

Benefits

• Improved speed and convenience at the check-out
• Higher average ticket size – customers who use credit cards typically spend more than cash customers
• Protection against certain chargebacks
• No additional equipment required

Automatic Sign-Up

If your business type qualifies for the No Signature Program, as a Moneris merchant you are automatically be enrolled in the program and you can start receiving the benefits immediately.

Note that signatures are still required for credit card transactions above the stated amounts. If you choose to continue to ask for signatures below the amounts stated above, you are still entitled to receive the chargeback benefits as part of this program.

The following No Signature Programs are available:

MasterCard Quick Payment Service (QPS)

Merchants who qualify for the MasterCard QPS program are not required to obtain a cardholder’s signature for MasterCard transactions up to $50 CDN (including applicable taxes) unless requested by the cardholder.

Visa Easy Payment Service (VEPS)

Merchants who qualify for this program are not required to obtain a cardholder’s signature for transactions up to $25 CDN (including applicable taxes) made with a Visa card.

If you choose to not provide a credit card transaction receipt you are required to post signage informing customers that a receipt is available upon request. A sample can be found here.