Why Are You Paying Too Much For Credit Card Processing?

▤ Summary

While credit card processing is a necessary cost of doing business, that doesn’t mean you should just pay any amount for it. But, there are some common processor red flags that might tip you off: • None You can’t easily see what your actual costs are. At the highest level, interchange is the fee that’s charged by the cardholders issuing bank for the transaction. Some processors will also offer a flat rate that takes interchange into account on the backend, but isn’t directly visible to you. They have no flexibility to choose a different company, even though they likely have reps calling regularly offering better rates or service.

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