Merchant Account - Credit Card Processing Rates
The true cost of merchant services is the product of the effective discount rate plus the internal cost to administer your merchant account. The effective discount rate is simply the total of all direct merchant costs, such as, discount rate, mid and non qualified costs, transaction and miscellaneous fees. No one merchant service fee is predictive of the overall effective rate, for the true cost is always total fees divided by total dollars processed.
BankCard Central will always be competitive on the effective discount rate because we do not attract you with a low discount and then charge hidden fees, such as charging unwarranted additional interchange by on qualified transactions by simply labeling them as and mid or non qualified transactions.
BankCard Central provides the greatest cost savings by reducing your internal operating cost for administering your merchant account and payment system. What is the value to your organization of being able to reduce employee costs or redirect valuable resources to producing additional sales? Is this "found revenue" worth you looking beyond a low front end discount rate and lowering the total costs associated with your merchant account, including administration?
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