Pricing Models
Explore transparent, flexible, and cost-effective pricing options that align with your business’s unique needs.
Interchange Plus Pricing
In this transparent model, merchants pay the actual interchange fee set by credit card networks (e.g., Visa, Mastercard) plus a fixed markup from the payment processor. This approach allows businesses to see the exact cost breakdown of each transaction. Interchange fees vary based on factors like card type and transaction method. For instance, the average credit card interchange fees range from .05% to 3.25%.
Fixed Pricing
Also known as flat-rate pricing, this model charges a consistent percentage for all transactions, regardless of card type or transaction method. For example, a processor might charge 2.9% plus $0.30 per transaction. This simplicity makes it easier for businesses to predict processing costs, though it may not always be the most cost-effective option.
Surcharging
Surcharging involves adding a fee to transactions where customers pay with credit cards, offsetting processing costs. While this can reduce expenses for the merchant, it’s essential to comply with legal regulations and card network rules, as surcharging is not permitted in all jurisdictions.
Dual Pricing
In a dual pricing model, businesses display two prices: a lower cash price and a higher card price. This approach encourages cash payments by offering a discount, while still covering processing fees for card transactions. It’s important to ensure that this pricing strategy complies with local laws and card network regulations.
FAQs
Do your pricing plans require long-term contracts or charge a cancellation fee?
No. We do not believe in locking you in. We operate on a month-to-month basis and never charge cancellation or termination fees. We earn your business every month.
What is your primary pricing model, and how transparent is it?
We use the Interchange-Plus pricing model, which is the most transparent. We show you the exact cost charged by the card networks, plus our small, fixed markup, guaranteeing clarity.
Do you offer a guarantee that your solution will save me money?
Yes. Before you switch, we offer a free rate analysis to definitively prove your savings. If we cannot save you money while providing superior service, we won’t waste your time.
Are there any monthly minimums, annual fees, or hidden charges?
We eliminate hidden fees. We will provide a full, comprehensive fee schedule in writing. We will confirm upfront if any essential fees (like gateway fees) apply, with no surprise charges.
Are there upfront costs for setting up my new merchant account or equipment?
We strive to keep upfront costs minimal. In many cases, we can reprogram your existing equipment for no cost. Any necessary new equipment costs will be fully disclosed and explained up front.
How long does it take for my merchant account to be approved and ready to process?
Our approval process is typically very fast. New merchant accounts are usually approved and ready to begin processing within 24 to 48 hours after submitting the necessary documentation.