Save Money On Credit Card Processing

1
Save Money On Credit Card Processing

• Switch to Leap Payments
• To Avoid High Rate Increases

2

• Your credit card processing company is about to
  raise your rates.
• Leap Payments is not.
• On the following pages well detail why the other
  processing companies are hiking up their prices
  and what you can do about it.

3
How Do Credit Card Processing Companies Charge
for their Services?
There are 2 primary ways that processing
companies charge for accepting Visa, MasterCard
and Discover cards
Interchange Plus The actual costs that the
processing company is charged by Visa/MasterCard/
Discover are passed directly through to the
business owner, plus a small markup.

• Tiered Rates
• Rates charged are solely at the discretion of the
  processor. Rates are qualified based on
  factors that are a complete mystery to the
  business owner.

4
How Do Credit Card Processing Companies Make
Money?
Tiered rate clients pay mysterious inflated
qualified rates. The processor wants all cards
to fall in the highest qualification categories,
and they have 100 control over where each
transaction falls. Whenever the cost charged
exceeds their costs, they make a profit.
Interchange Plus plans are usually reserved for
very large businesses as the processor has no
control over the costs for each transaction and
they cant arbitrarily inflate their profit.
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The Leap Payments Philosophy

• Leap Payments only has one way of charging every
  one of their clients interchange plus.
• No matter how big or small your company is, Leap
  Payments believes you deserve to know exactly
  how much you are paying for your credit card
  processing.
• It is the only open, honest and truly transparent
  way to manage your account.

6
Do Your Rates Change?
Visa, MasterCard and Discover usually update
their cost schedules every April and October.
Which typically means that they charge the
processing companies more.
In turn, the processing companies charge you, the
client, more to compensate usually padding the
raise to make even more money for their company.
7
Have Interchange Costs Increased Recently?
In October 2012, the Federal government set
limits to how much a debit card could be charged
by card associations to 0.05 and 0.22 per item
for the big banks. Since this monumental change,
card companies have avoided making any major rate
changes, in fear that the government might take a
closer look at credit card rates as well. Which
means the card processing companies have also not
been able to add increases for themselves like
they normally do.
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• Since the processing companies havent been able
  to blame cost increases on card associations and
  pad their own rates increases, their revenues
  have remained flat.
• This April, many credit card processing companies
  have blatantly increased their rates to please
  their stockholders and pad their wallets without
  any associated cost increases.
• Here are just a few whove done exactly this
  First American, North American Bankcard, Sage
  Payment Solutions, and Total Merchant Solutions.

Why Are The Other Processing Companies Raising
Rates?
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• Leap Payments is not raising their rates.
• To be more specific, Leap Payments is never going
  to surprise our clients with rate increases our
  clients can enjoy the promise of a Lifetime Rate
  Lock.
• Our business continues to grow by adding clients,
  not by charging our current clients more each
  month. What a novel idea!

The Leap Payments Difference
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Contact Us

• 800-993-6300
• http//www.leappayments.com
• Leap Payments is an affordable and dependable
  credit card processing merchant service. They
  offer traditional, wireless credit card machines,
  point of sale systems and excellent customer
  service, with the lowest rates possible.