Visa® and MasterCard are both credit card companies that are governed by the rules and regulations of the banks unlike AMEX and Discover card, which are both privately owned credit card companies. Merchants must obtain a merchant account in order to accept these cards as payment. With this account there are several fees, including credit card processing statement fees, and credit card processing transaction fees. The statement fee is usually charged every month. This fee is exactly what it sounds like, a fee that is charged to cover the cost of maintaining and sending all merchants a statement each month of their transactions and charges. In most cases, the merchant service provider charges around $10 to $15 each month for credit card processing statement fees.

Labels: card transactions, credit card processing, credit card processing fees, credit card processor, credit card processors, credit card transaction fees, statement fees, transaction fees

Being educated in what your company does is one of the most important factors of a thriving company. Decisions are always made when owning a business. What to sell, what not to sell; when to expand from retail to e-commerce, and where and whom to go through for credit card processing. Some merchants prefer to go through their own personal banks, but there are merchants whose credit score may not reach the expectations of what their personal banks prefer or require and could be charged a much higher percentage rate as well as other hidden charges not disclosed during the initial setup. A credit card processor knows that merchants do not always have that perfect credit score. A credit card processor works with the merchant, and their individual issues, giving the merchant the attention each one requires, and not a set package or specific mold. Find out more on how we can help your company succeed.

Free Rate Analysis

Keywords: free rate analysis, accept credit cards today, retail merchant accounts, credit card processor

Labels: accept credit cards today, credit card processor, free rate analysis, retail merchant accounts