Entrepreneurship & Small Business

A Breakdown of Common Payment Processing Rates

  • Last Updated:
  • Jul 19th, 2016 2:50 pm
[OP]
Newbie
Dec 17, 2015
7 posts
1 upvote
Calgary, AB

A Breakdown of Common Payment Processing Rates

The Interchange Rates - Fees every processor pays, there is no getting around interchange!
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Cost+ (Interchange+) - A consistent fee across the board (easy to read and cost effective)
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Flat Discounted Rate - Paypal's online structure for payment processing
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Tiered - Rates depending upon card type that is used.
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Interchange Differential - Similar to tiered pricing, "qualified" and "non-qualified" fees are charged but also pay "interchange differential fees" for credit cards. With this pricing plan, your business is paying multiple fees on the same transaction, essentially being double billed
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Link to the original article https://www.linkedin.com/pulse/comparis ... =prof-post
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