Category Archives: Fees & rates

Information about credit card processing fees and rates

The Merchant Processing Guru Tip#7: Know your “effective rate”!

The Merchant Processing Guru Tip#7: Know your “effective rate”! What is an “effective rate” you ask? Quite simply, it is the percentage of your monthly Continue reading

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The Merchant Processing Guru Tip#6: What about the transaction fee?

The Merchant Processing Guru Tip#6: What about the transaction fee? In the credit card processing industry, the transaction fee is the amount of cents you pay Continue reading

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The Merchant Processing Guru Tip#4: What is Interchange?

The Merchant Processing Guru Tip#4: What is Interchange? Visa & MasterCard, known in the credit card processing industry as the Associations Continue reading

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The Merchant Processing Guru Tip#3: Tiered structure vs True Interchange…

The Merchant Processing Guru Tip#3: Tiered structure vs True Interchange… There are a few different ways you could be set up for your credit card processing. Continue reading

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The Merchant Processing Guru Tip#2: One size does NOT fit all!

The Merchant Processing Guru Tip#2: One size does NOT fit all! In the credit card processing industry there are three basic things that make up how you are Continue reading

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The Merchant Processing Guru Tip#1: The credit card processing industry has trained merchants to ask one thing

The Merchant Processing Guru Tip#1: The credit card processing industry has trained merchants to ask one thing, “What is your rate?” Wow, if you knew how far off the mark that question is… Continue reading

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