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Credit Card Processing - The Cheapest Type of Pricing Business Articles | December 1, 2009 The interchange plus merchant account pricing model is quickly becoming the most sought after form of pricing for businesses seeking the best merchant account. It's often touted as the only truly transparent way to process credit cards. While this may be true Dustin Byfuglien Jersey Womens , it doesn't tell the whole story.
The interchange plus merchant account pricing model is quickly becoming the most sought after form of pricing for businesses seeking the best merchant account. It's often touted as the only truly transparent way to process credit cards. While this may be true, it doesn't tell the whole story.
Interchange plus is a broad term used to refer to merchant account pricing models that are based on passing actual interchange rates to the merchant. So long as a provider's fees are based directly on actual interchange categories - the pricing they're offering can be considered interchange plus.
The three main merchant account pricing models; tiered, ERR and interchange plus are giving way to the latest and greatest of all - the flat rate merchant account. The flat rate merchant account pricing model is a form of interchange plus pricing Nikolaj Ehlers Jersey Womens , but there's a very distinct and important difference. On a flat rate model, the provider's profits aren't tied to the merchant's volume. This means that the provider doesn't make more when the merchant does - I.E. the merchant gets to keep more of their money.