I have found a good website the talks over ways for any business to lower their processing fees of credit cards and merchant accounts. Seems this program was once only available to large corporations who process millions every month. Large companies such as Walmart would have these special rates, but were closed to the average small business.
Today, any small business can have the same special treatment with incredible savings on their credit card processing fee’s with Interchange Plus Pricing. True cost, plus a small portion fee for the processor which remains the same for all dealings. This program will replace the existing tiered system currently in place for 99.9% of merchant accounts.
Program uses the true Interchange Rates charged by the associations, Mastercard and Visa. This complex matrix of transaction types has several pricing for each category within the matrix. Seems very confusing and there does not seem to be any way for a merchant to determine a particular method of figuring out which transaction will fall where. That is determined by Visa or Mastercard and pass-through to the merchant.
The program will save money for any business on there merchant account & cost of credit card processing. For more information, you may visit the Merchant Account Blog.
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