There are two types of traditional processing. One is Tiered Pricing, where the merchant pays a flat rate for the different types of cards that are accepted. Recommended Pricing is Cost Plus Pricing where the percentage is .50 % (1/2 of 1%) or lower plus interchange. Example of Cost Plus Pricing Intechange Rate .60%+.50%= 1.1%. Interchange rates vary that is why Cost Plus Pricing is the best option.
This pricing model will give merchants the ability eliminate processing fees. With zero percent processing rate, zero transaction fees, free state of the art terminal, and no hidden fees. This enables merchants to be more competitive and increase their bottom line to.
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