While the numbers can get complex, interchange-plus pricing is simple. The pricing model consists of two parts: an “interchange” and a “plus.” “Interchange” is the percentage of the transaction that must be paid to both the issuing bank and the credit card association. Because your credit card processor has to pay this charge, they…(Read More)

A merchant on tiered pricing schedule is overpaying for their credit and debit card processing. Tiered pricing means the merchant account provider states a low base rate (say 1.49% + a $0.25 transaction fee) for processing. The low base rate is generally meant to be enticing.  However, the under-the-breath caveat for the…(Read More)