- Interchange (fees charged by the bank that issued the card_
- Dues & Assessments (fees charged by Visa/MasterCard/Discover/Amex)
- Discount Rate, Authorization, Transaction, etc… (fees charged by the processor)
There are a lot of different parts and factors to the rates/fees charged for processing debit/credit cards. There are three major parts to processing:
There are a few different pricing methods a processor can use with each merchant:
- Tiered
- Card types bundled into “buckets” and surcharged if manually entered
- ERR
- Flat rate with surcharges and downgrade fees
- Interchange Plus or “Cost Plus”
- Passing the Interchange, Dues & Assessments straight on to the merchant and adding a flat percentage and/or per item fee on top
At Winstar Payments, we look at the card processing environment and habits of each of our clients and provide them with the best possible pricing for their business. Depending on how they process, total volume, average transaction size and equipment used, following a “standard model” of pricing across the board is not in the best interest of merchants.
Our merchants save 15%-25% on average by switching to us. Couple that with our unmatched 1-on-1, Not 1-800 Service model and it’s easy to understand why our merchants rave about us.
Let us show you how we genuinely care about the future and growth of our clients and how we can save your business money and alleviate the stresses that come with merchant processing!
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