2016-07-11

Our Pricing

“Currently Processing Credit Cards? If I can’t beat your current rates, I will send you $500.” – Steve Kelly

Our Pricing Overview

Set Up Fee: $0.00

Monthly Minimum: $0.00

Cancellation Fee: $0.00

Annual Fee: $0.00

Reprogramming Fee: $0.00

Equipment: Free On Loan

PCI Compliance Fee: Included in Monthly Service Fee

IRS Reporting Fee: Included in Monthly Service Fee

Online Reporting Fee: Included in Monthly Service Fee

Statement Fee: Included in Monthly Service Fee

Software Upgrades: Included in Monthly Service Fee

Contract Length: Month to Month (If we fail to live up to your expectations, you can close your account at any time without penalty!)

Pricing Overview for A Retail Merchant with a Monthly Credit Card Volume of $0 – $30,000

Interchange Plus Pricing: .25% plus $0.10

Monthly Service: $10.00

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Pricing Overview for A Restaurant Merchant with a Monthly Credit Card Volume of $0 – $30,000 and Average Ticket Under $25

Interchange Plus Pricing: .25% plus $0.05

Monthly Service: $10.00

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Pricing Overview for an Online or E-commerce Merchant with a Monthly Credit Card Volume of $0 – $30,000

Interchange Plus Pricing: .25% Plus $0.10

Monthly Service: $10.00

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If you currently have a Monthly Credit Card Volume over $25,000, contact us for a custom rate.

Other Fees: Like any service, there are other fees that you could incur. Typically, these fees are a result of chargebacks, retrieval fees, non-sufficient funds, etc. We will provide you with all of the possible fees you could incur with your Merchant Account Paperwork.

Interchange Plus Pricing Explained

All businesses pay fees to three separate entities each time it processes a credit card. It pays interchange fees to the bank that issued the customer’s card, assessment fees to the card brand (Visa, MasterCard, or Discover), and a markup to the processor.

Interchange and assessment fees are fixed costs that remain the same regardless of which processor a business uses. Only the markup will vary among processors. Here’s a look at which fees are negotiable and which are not.

Issuing Banks Charge Interchange NON – NEGOTIABLE

Each time a business processes a credit card, it pays a fee to the bank that issued the customer’s card. This is called an interchange fee, and it is calculated by a percentage of the transaction volume and transaction fee.

Interchange rates are determined on a per-transaction basis using the details of the transaction. Things like card type (credit or debit), card category (reward, commercial, etc.), and processing method (swiped / keyed) dictate the interchange rate (percentage and transaction fee) associated with the transaction, and ultimately how much money the business will have to pay the issuing bank.

Interchange rates are a non-negotiable component of credit card processing cost that remain exactly the same regardless of which processor a business uses.

 Card Brands Charge Assessments NON – NEGOTIABLE

A business pays Visa, MasterCard, or Discover a series of assessments each time it accepts a card branded with the company’s logo. Assessment fees are comprised of a percentage, a flat charge, and individual card brand fees. (For example, Visa charges a monthly fee while MasterCard charges a yearly Merchant Location Fee.)

Like interchange fees, assessments are a non-negotiable component of credit card processing cost that remain exactly the same regardless of which processor a business uses.

Visa Interchange Rates

MasterCard Interchange Rates

 Processors Charge a Markup NEGOTIABLE

Any cost beyond the sum of banks’ interchange fees and card brands’ assessment fees is the processing markup. Markups include processors’ monthly or annual fees, percentages, per transaction fees, statement fees, etc.

This is the only fee that can be negotiated regardless of who you choose to process credit cards through. Our Mark Up is located on this page depending the type of business you have. If you have a better rate, let us know and we would be happy to beat it.

Equipment Pricing:

Currently we provide Poynt Smart Terminals, PAX, Verifone, ExaDigm, SwipeSimple, and Dejavoo.

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Questions?

Call Steve Kelly at 856-685-6644

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