Our rates

Credit card rates can be very confusing, even for professionals who work in the payment industry. Every card has its own cost set by a card issuing bank. Some cards have a higher cost depending on what kind of rewards are linked to that card. Basically, businesses that accept cards with more rewards end up paying for cardholders’ rewards. Fortunately, there are a few ways to lower the cost of payment card acceptance.

• Debit cards are generally cheaper than any credit cards since debit cards have no rewards added to them. The cost of a debit card is typically 0.05% + 22 cents per transaction, compared to 1.5%-3.2% for a credit card. Twenty-two cents could be a decisive factor depending on your average sale amount. The sale of a $2.00 coffee drink will cost you the same twenty-two cents as selling a car engine replacement for $3,000.
• Face-to-face entered transactions have a lower fee compared to manually entered transactions. Banks automatically charge a higher rate for manually entered or keyed transactions since there is a higher risk of a stolen card, an unauthorized transaction, or a fraudulent transaction. The higher tier bracket is usually 0.3%-1.2% depending on card type.
• EMV readers will give you peace of mind when it comes to security and fraud. Usually, EMV transactions are encrypted, which makes them more difficult to compromise. You won’t automatically lose chargebacks and you won’t be held accountable in case of fraud since the EMV gateway provider supplied you with secure, up-to-date terminals and technology.
• AVS (Address Verification Service) will come in handy when you enter transactions manually. Banks will charge you a lower tier if all the card data is verified during the sale. Your credit card terminal will prompt for the customer’s address and the zip code to approve the sale. This way, banks see that you did your due diligence and did your best to prevent any possible fraud, and they will charge you a lower rate.
• Junk or Miscellaneous Fees. Sometimes payment processors can add small fees to each transaction. We will make sure to monitor the account and respond accordingly.

We don’t promise to be the cheapest company out there, but we will be the best long-term partner. With our extensive experience in the payment industry, we offer to set up accounts correctly from the start.

We will monitor the rates and work with the payment processor of your choice to ensure your customer service issues are addressed and that your account is in good standing.

Look no further, reach out for a free consultation from top-tier payment professionals or send the merchant statement for analysis! We would be happy to work with you.