Zero Cost / FREE Credit Card Processing

Why Free Credit Card Processing?

Local competition and market disruptors are continually causing profit margins to shrink. On the flip side, businesses are hit with tariffs, supply chain issues, and higher wages that increase their operating costs.  Unless you are an expert, it doesn't leave much room for cost-cutting measures. 

On top of all this, merchant credit card cost keep going up. Interchange for rewards cards has increased by 24% since 2005.

Free credit card processing eliminates the interchange fee paid by the retailer.

Average credit card procees fees from the four major networks

AMERICAN EXPRESS   2.5% - 3.5%

DISCOVER   1.56% - 2.3%

MASTERCARD   1.55% - 2.6%

VISA   1.4% - 2.4%

How does Zero Cost / Free Credit Card Processing work?

While the use of credit and debit cards provides convenience for consumers and collectability for the institution, it creates transaction costs that may be allocated only in a limited number of ways. A payment with a credit card costs on average 2-3% to process, much of which goes to the bank that issues the card and funds rewards for cardholders. Different costs are associated with different card types: for example, debit cards cost significantly less to accept than cards with extensive rewards. 

This a fully compliant solution takes advantage of the new regulations which allow merchants to pass along credit card processing fees to consumers. Merchants are not permitted to impose a fee for the use of debit cards.

A 3.50% credit card fee is passed on to cover the cost of credit card acceptance.