A good article on credit card processing

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Madeleine's picture
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Joined:
09/29/2011

http://bbteam.com/2012/06/01/credit-card-processing-are-you-paying-too-m...

There is a little confusion when they get to the part about calculating your actual rate. I think a couple of words are missing to explain where they got the numbers. You can do the calc on an individual sale or your monthly totals. You need the total sales you charged on the machine and then the total fees you paid. Include everything. Then do the division. Some cards are at the lowest rate and some are at the max rate so doing one transaction may cause you to smile or blanch depending on which one you chose.

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06/24/2008

I have not found ANYone that has caused me to jump for joy and make me change my processor.  Where one gets you on processing %, the others get you on transaction fees, statements etc.  Or they make you sign a contract, nope not doing that either.

Country Girl's picture
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02/20/2009

Thanks for sharing that. 

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