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Credit Card Processing

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  • Credit Card Processing

    ASSESSMENTS charged by the major credit card companies are termed "fees and rates." They are the same for all processors. An example is Visa's Fixed Acquirer Network Fee.

    2. Know which fees are flexible

    The only part of your monthly processing become a credit card processor​ fee that is negotiable is the markup a processor charges on interchange and assessments. For example, the processor is going to pay Visa's common interchange of 1.19% and then charge it to your account. They also charge you a markup on that percentage. This markup is negotiable.

    Most merchant service providers will try to set you up on something called tiered pricing, meaning they hide their markup inside expensive mid-qualified and non-qualified tiers. Don't let a salesman talk you into this opaque system! Request you be set up on something called interchange pass through pricing. This is a far more transparent processing method. It allows for you to see exactly what's charged by the credit card companies like Visa and MasterCard and what's charged by your processor. A processor shouldn't be charging you any more than.5% over the card company's set interchange rate!