The Cost of Accepting Credit Cards
Visa is reporting to make significant fee changes in 2020 adding pressure to US businesses already paying $64 billion in transaction fees in 2018. Visa and MasterCard have increased their cost by 24% in the last two years with additional changes occurring every year. Finally, merchants can work to address these growing expenses.
- US Supreme Court
In 2017 the USSC ruled that a merchants ability to set pricing was part of protected free speech - Corporate and Rewards Cards
Consumer corporate and rewards card are expensive for merchants to accept, offering them no additional benefit - Low-cost Debit, Cash and ACH
Expense for processing low cost methods are adsorbed by the merchant
- High Cost Credit Cards
Consumers are prompted to pay for the additional expense of their credit transactions - Online and In-person
Accept payments securely through a website or on PCI compliant terminals - Decrease operating expense
Remove up to 3.5% of from processing expenses
Zero Cost Processing Applications
- High dollar transactions
Any business looking to protect their margins in a fair and friendly way - B2B transactions
Distributors, wholesalers, manufacturers - Automotive Industry
Dealership, service centers, parts, repairs - Education
K12, private schools, public schools, higher education - Government
Courts, permits, fines, fees, pet licenses
Applications
- High dollar transactions
Any business looking to protect their margins in a fair and friendly way - Non-Profit
Retail, on-line, shelters, thrift shops, gift shop - B2B transactions
Distributors, wholesalers, manufacturers - Automotive industry
Dealership, service centers, parts, repairs - Education
K12, private schools, public schools, higher education - Government
Courts costs, permits, fines, fees, pet licenses
Transparent
- Completely transparent pricing
No hidden fees or bait-and-switch pricing - Level 2 Data
Lower your processing costs with the lowest interchange qualifications - Comprehensive reporting
Understand your business revenues, deposits and cost
