Understand Your Transaction
Processing Fees With This Report
Do you find it hard to keep track of the
changing rules and regulations of the credit
card industry? Do you want to know how to
get the lowest total cost on your transaction
fees? Are you aware there are hidden fees
when your customers pay by credit or debit
card?
This report can help you
find the solutions to all
these questions and more!
The newly launched report
explains the best way for you to
cut costs on credit and debit card
payment processing fees is by
understanding the assessment,
interchange, and processor
markup.
The company explains the
three basic payment
processing fees you and all
other merchants pay every
time you accept a credit card
payment.
First there is the Visa and
Mastercard assessment
fees, which go to the credit
card companies.
In case you are wondering, when Visa
and Mastercard switched from
nonprofit to for-profit, they became
responsible to their shareholders and
therefore became motivated by the
same philosophy that drives Wall
Street - fees.
Interchange fees are the
second and most expensive
type of fee and go straight to
the card issuing bank.
As you may be aware, when
credit cards were created
there were three interchange
categories: card present, mail
order, and telephone.
With the advent of the internet
and online shopping, there are
now over 700 interchange
categories meaning you are at
greater risk of falling into a more
expensive category.
Thirdly, the processor markup
goes to the company doing the
processing. Interestingly, there are
no industry standards. Processing
is a commodity item driven by
fees, not by reducing fees.
Visit
paymentcardadvisors.c
om to find out more
today!