Payment Processor Rates and Service – Merchant Card Payment Rates Services Vary
Payment Processor Rates and Service are complicated. Rates vary from processor to processor but with Paymentsense the band is usually as follows. However bear in mind PCI fees , authorization fees and terminal fees. You can book an appointment here for a free evaluation of what you should be paying. Use the TAKE ACTION button above
What are the interchange charges ?
Interchange is an industry term and charge set by the card issuer (the customer’s bank). Essentially they have allowed you to have a card and to buy items but in return they will charge you a fee depending on transaction type and card type. This article may assist more if you decide to open a processing merchant account
Credit Card Fees for Merchants
It is important you understand your transaction fees and charges
With your new acquirer, you will have a Merchant Services Agreement. This will highlight all issues relating to payment processor rates and service. All acquirer agreements will incur fees and charges for card transactions. You will be able to determine all fees as they will be displayed in the merchant agreement. Processing cards and charges vary and usually are dependent on the card type and the transaction type.
What are the service charges ?
These will be the charges that are incurred when processing cards. These will vary depending on the card type and the transaction method.