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10-21-2015, 02:44 PM | #1 (permalink) |
Join Date: Jul 8 2007 Location: ny Age: 43
Posts: 151
Rep Power: 17 | what % credit processing do you pay? So when everything is said and done and all the fees add up we all know the 2% credit processing they tell us is actually more. So on your end of the month statement..how much on average do you ACTUALLY pay TOTAL to the credit processor? I'm looking to see if I can find better. So who is your processor and what is your actual % calculated from your statement. Thanks! |
11-06-2015, 04:06 PM | #2 (permalink) |
Join Date: Jun 11 2005
Posts: 112
Rep Power: 19 | Re: what % credit processing do you pay? Net total, including all transaction fees, service fees, and interchange fees ranges between 2.5% and 2.9% for us. The percentage will vary from month to month, depending on the mix of debit vs. rewards credit. |
02-22-2016, 11:10 PM | #4 (permalink) |
Join Date: Jan 5 2004 Location: Indiana
Posts: 61
Rep Power: 0 | Re: what % credit processing do you pay? I am around 2.3% without EFT's. 2.6% with Eft's. Do not use your pinpad for debit transactions, it actually raised our effective rate. Have your employees swipe all transactions for credit. |
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