How To Calculate Total Credit Card Processing Fees
Finding your effective rate is the first step. First, get your credit card statement. Then divide the total processing fee by the percentage of monthly sales paid by credit cards. The outcome is your effective rate. Calculate Credit Processing: Mistakes...
Tiered Pricing Merchant Accounts for Credit Cards
A bank account allows businesses to accept payments by credit or debit card. The account is set up through a payment processing company, an intermediary between the bank and the business. It is a pricing model used by payment processors in which rates are based on...
Master Your Credit Card Merchant Account With Flat Rate Pricing
A credit card merchant account is a contract between you and your bank that allows you to accept credit cards for goods or services. It’s essential to have a merchant account that offers flat-rate pricing, which means you’re charged a single, fixed...
How You Can Find Business Savings with Your Credit Card Effective Rate
If you run a small or medium-sized business, you know that every business cost you pay directly affects your profit. The more you know where and how to lower costs, the more money you make. One way to keep your monthly costs down is by lowering credit card transaction costs.