Where do Processing Fees Come From? Pt. 2

By John Robinson, of Cocard Synergy
For the remainder of this discussion, I’ll discuss interchange fees and then a little about the fees to the merchant account provider.  The assessment fees paid to the associations, both being small and not negotiable, can wait for another day.
Interchange fees usually make up roughly 80% of the fees you [...]

Posted on July 16th, 2008 by John Robinson in Basics, Interchange, Merchant Account, Rates and Fees , , , , , , , , , , , , , , , , , , , ,
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Eight Ways to Save Money - Method #2

Accept Pin Debit
This means having a pin pad for your clients to enter their PIN number when they use their debit card. These transactions normally have a flat rate per transaction.  Let’s compare the fees paid between a normal credit card transaction and a PIN-based one:
Transaction Amount: $150
Credit card rate: 1.85% + $.10
Credit [...]

Posted on November 21st, 2007 by Robb Lejuwaan in Merchant Account, Pin Based Debit, Rates and Fees , , , , , , , , , , , ,
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