Understanding Credit Card Processing Charges

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Understanding Credit Card Processing Charges
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Does your head spin when trying to make sense of
credit card processing charges? Youre not alone.
Many business owners and managers are left
puzzled by the elaborate ways in which theyre
charged for credit card processing. 3 Pricing
Models Explained
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Interchange Plus The most straightforward of all
the pricing models, Interchange Plus is the term
used to describe a merchant account pricing model
where a fixed mark-up is applied directly to
interchange fees published by VISA, MasterCard
and Discover.
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Tiered Pricing Tiered Pricing, sometimes referred
to as bundled or bucket pricing, describes a
pricing model where the processor essentially
divides the 400 permutations of risk factors,
into three groups, sometimes called buckets.
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Flat Rate Pricing Flat Rate Pricing is the
easiest for merchants to understand on a
statement, but it is the most difficult to price
accordingly without knowing the types of cards
that may be used by customers.
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Virtuous Payments has the expertise experience
in meeting the needs of all types of businesses
with their technology-enabled merchant processing
services. Take advantage of these payment
services from Canadas leading credit card
processing company that can assist your business
enhance its sales. Portable POS machine