Let me start by saying that processing rate structures are simpler than cell phone rates, but then again most things are. The two rates that get the most attention are the discount rate and the transaction fee, so let’s start with those. The discount rate is the percentage of the transaction that will be deducted [...]
Posted in Credit Card Processing | Also tagged address verification, card-present, discount fee, discount rate, e-commerce fee, gateway fee, monthly minimum, non-qualified, processing rates, setup, signup, ticket size, transaction fee
Understanding processing rates.