10 Things Supermarkets Need to Know about Merchant Accounts

Do you or one of your clients operate a supermarket?  Is so, there are a few things you should know that could result in some significant savings on merchant account fees. Here is the list:
1. Visa has lower Interchange rates for consumer cards used at a supermarket:

TRANACTION TYPE
RETAIL
SUPERMARKET

Swiped Consumer Card

1.54% [...]

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 [...]