Merchant Services Processing Rates
The following information is what all of the credit card processor
and banks don’t want costumer to find out
The rate or pricing to accept credit card payments at your business could be very complex and confusing. Most of processor banks use Tier Pricing, which starts with a standard pricing for all cards, this is called Qualify Rate. There are different types of cards just to mention some (regular card, debit cards, gift cards, prepay cards, silver cards, gold cards, rewards cards, commercial cards, business cards, international cards etc.) and all of them have different pricing and 65% of the time is way more than the qualify rate, which will generate other pricing like Mid Qualify usually 2.5% and or Non-Qualify which is 3 or 4% on top of your qualify rate.
WE AT EPT Merchant
Use Interchange Plus Pricing, basically you will pay the real price of the card established directly by the issuing bank and the credit card association (this is Public information please click here). With us this is exactly what you will be paying plus a very small percentage not even 1% of the total amount of money you process monthly. For example if your total credit sales in a month is $1000.00 after paying the real cost on every card our fee after processing your payments and fund your bank account will be less than $10.00.
THIS WAY YOU WILL SAFE TONS OF MONEY.
Credit Card and Merchant Processing Systems
Credit Card Terminals
Bank Card Processing Services
Mobile Credit Card Processing Services
Retail Merchant Support Services
Credit Card Payment Online
Ecommerce Merchant Services Rate