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The NO BULLSHITTING Guide to Credit Card Processing Rates & Fees
No Misleading. No Lies. Just the TRUTH.
Assessment Fees + Interchange Fees = Wholesale Fees
Wholesale Fees + Markup Fees = Total Processing Fee
WHOLESALE FEES
Not negotiable. Don’t. Even. Try. It
- Fees set by issuing banks Interchange rate? and the credit card network Assessment fee?
- Are fixed amounts regardless of which processor you use
- Are non-negotiable
Average Credit Card Interchange and
Assessment fees = Wholesale Fees
| Payment Network | Average Interchange Fees | Assessment Fee |
|---|---|---|
| Visa | 1.15% + $0.05 to 2.40% + $0.10 | 0.14% |
| Mastercard | 1.15% + $0.05 to 2.50% + $0.10 | Transactions under $1,000: 0.1375%; $1,000 or more: 0.01% |
| Discover | 1.40% + $0.05 to 2.40% + $0.10 | 0.13% |
| American Express | 1.43% + $0.10 to 3.15% + $0.10 | 0.15% |
Note : Above rates are only for swipe transactions.
Swipe vs Keyed Transaction Rates.
MARKUP FEES
We have negotiated for YOU!
- Fees set by your payment processor, plus any other add-on equipment or software providers such as a payment gateway provider
- Are negotiable – We have negotiated the LOWEST RATES for YOU! That is why we are not afraid to show you the full pricing which you won’t see with other payment providers.
4 Types of Markup Pricing Models
| Interchange-Plus | Flat Rate | Subscription | Tiered |
|---|---|---|---|
| Wholesale & markup fees are separate | Wholesale & markup fees are blended | Wholesale & markup fees are separate | Wholesale & markup fees are blended |
| Markup is a % and per-transaction fee | All transactions cost the same, regardless of type and processor | Markup is a per-transaction fee plus a flat-rate monthly service fee | Rates vary according to whether the transaction meets certain qualifications |
| Best for: All businesses | SCAM : Stay away! | SCAM : Stay away! | SCAM : Stay away! |
INTERCHANGE PLUS VS TIERED VS FLAT VS SUBSCRIPTION PRICING
PIN vs. Signature Debit: Which Is Cheaper?
EBT Pricing & Rates
WHY CHOOSE INTERCHANGE PLUS PRICING?
This is the most common and transparent model. This usually consists of a percentage of the transaction plus a fixed per-transaction fee. The wholesale fee and markup fee are clearly separated.
Let’s say the non-negotiable wholesale fee is 1.15% plus $0.10, and the merchant provider markup is 0.5% plus $0.15 on each transaction. On a $100 sale, it would cost you $1.25 + $0.65 for a total of $1.90.
When credit card processors compete
for your business, YOU WIN.
Interchange Plus Markup Transparent Pricing
No Hidden Fees. No Contracts. No Early Termination Fees. Just Savings.
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FREE TERMINAL – Nothing is Free. There’s always a catch but we have eliminated for you! |
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|---|---|---|---|---|
| PROCESSING FEES | Option A | Option B | Option C | Option D |
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Free Terminal Program |
Free Terminal Program |
Free Terminal Program |
Free POS Program |
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| Wholesale Fees (Fees set by issuing banks and credit card networks, these non-negotiable fees are fixed regardless of which processor you use.) the average costs for credit card processing charged by Bank and Card Networks 1.5% to 2.9% for swiped cards, and 3.5% for keyed-in transactions. American Express – 1.58 – 3.30% , Discover – 1.53% – 2.53% , Mastercard – 1.29% – 2.64%, Visa – 1.29% – 2.54% | ||||
| Interchange, Dues, Assessments | Direct Pass-Through (Wholesale/Interchange) | Direct Pass-Through (Wholesale/Interchange) | Direct Pass-Through (Wholesale/Interchange) | Direct Pass-Through (Wholesale/Interchange) |
| Markup Fees (Fees set by your payment processor, plus any other add-on equipment or software providers. Are negotiable – We have negotiated the LOWEST RATES for YOU! That is why we are not afraid to show you the full pricing which you won’t see with other payment providers.) | ||||
| NETWORK / RISK FEES | ||||
| Credit/Debit Card Discount Rate Visa/MC/Disc | 0.05% | 0.03% | 0.04% | 0.06% |
| Credit/Debit Card Discount Rate American Express | 0.20% | 0.03% | 0.04% | 0.06% |
| Credit/Debit Card Transaction Fee Visa/MC/Disc | $0.05 | $0.03 | $0.04 | $0.06 |
| Credit/Debit Card Transaction Fee American Express | $0.05 | $0.03 | $0.04 | $0.06 |
| PIN DEBIT/EBT RATES | ||||
| PIN Debit Discount Rate | 0.00% | 0.02% | 0.02% | 0.02% |
| PIN Debit Transaction Fee | $0.06 | $0.06 | $0.06 | $0.06 |
| EBT Transaction Fee | $0.06 | $0.06 | $0.06 | $0.06 |
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Markup Junk Fees
(Made up Fees, extra profits to processing company) Your Monthly Fees starts as soon as you get Approved. You still pay monthly fees doesn’t matter you process or not. Everyone pays monthly fees. If your current company is not charging you monthly fees, then you are paying even more higher fees in mark up fees. Our goal is to minimize the monthly fees at the same time we also want to make sure processing company makes little profit since they also have customer support cost. |
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| MONTHLY FEES | ||||
| Monthly Customer Service Fee | $5.00 | $25.00 | $15.00 | $15.00 |
| Monthly Statement Fee | $2.00 | $0.00 | $0.00 | $0.00 |
| Per Batch Close Fee | $0.03 | $0.00 | $0.00 | $0.00 |
| PCI Compliance Fee |
$3.95 Everyone needs to be a PCI Compliant Certified |
$0.00 Everyone needs to be a PCI Compliant Certified |
$4.95 Everyone needs to be a PCI Compliant Certified |
$4.95 Everyone needs to be a PCI Compliant Certified |
| PCI Non-Compliance Fee |
$9.95 (On your first month, once you become PCI Compliant, this fee will be $0.00 from the 2nd month) |
$0.00 | $0.00 | $0.00 |
| Monthly Breach Insurance Fee | $0.00 | $0.00 | $0.00 | $0.00 |
| Monthly Data and Breach Protection Fee | $0.00 | $0.00 | $0.00 | $0.00 |
| Wiressless Access Fee | Contact Us | $10 per month (Waived) | $10 per month (Waived) | $10 per month (Waived) |
| BOARDING FEES | ||||
| One Time Account Set up Fee | $0.00 | $0.00 | $0.00 | $0.00 |
| Application Fee | $0.00 | $0.00 | $0.00 | $0.00 |
| Early Termination Fee | $0.00 | $0.00 | $0.00 | $0.00 |
| PER OCCURANCE FEES | ||||
| Chargeback Fee | $10.00 | $12.50 | $12.50 | $12.50 |
| Retrieval Fee | $10.00 | $12.50 | $12.50 | $12.50 |
| Pre-Arbitration Fee | $25.00 | $0.00 | $0.00 | $0.00 |
| AVS | $0.03 | $0.02 | $0.02 | $0.02 |
| Voice Authorization | $0.95 | $0.55 | $0.55 | $0.55 |
| Monthly Minimum | $0.00 | $25.00 (Waived) | $25.00 (Waived) | $25.00 (Waived) |
| ANNUAL FEES | ||||
| Annual Fee |
$49.95 Charge on 2nd month from approved date and then it will charge on the same month next year |
$100.00 Charge on 2nd month from approved date and then it will charge on the same month next year |
$50.00 Charge on 2nd month from approved date and then it will charge on the same month next year |
$50.00 Charge on 2nd month from approved date and then it will charge on the same month next year |
| Annual PCI Compliance Fees | $0.00 | $0.00 | $0.00 | $0.00 |
| Merchant Foundry Fees | $0.00 | $0.00 | $0.00 | $0.00 |
| Annual Terminal Fees | $0.00 | $0.00 | $0.00 | $0.00 |
| Terminal Paper Roll (Your processing company might be giving you free terminal paper roll by charging you heavy markup fees or monthly junk fees. Here we have given you the lowest rates you could ever get. So please don’t ask for free terminal paper rolls. Please be educated and select your saving wisely.) | ||||
| OPTIONAL ADD ON SERVICE | ||||
| Merchant Advantage Program | Not Available | $12.95 | $12.95 | $12.95 |
| Free Terminal Gimmick (Free Terminal - Nothing is Free! There is always a catch, your processing company might be charging you higher annual fees or higher monthly PCI Compliance fee or they might be charging higher markup fees to recover that so called free terminal-expense. But we have eliminated all higher fees for you.) | ||||
| EQUIPMENT/TERMINAL | ||||
| Terminal Connection (Free Terminals can connect with Internet or Phone Line or if you are looking to connect with wireless or Bluetooth then you need to purchase the terminal that can support Wi-Fi connection. Please be advise, you can not just switch around from phone line to Wi-Fi or internet. Terminal requires reprogramming and fees might change based on the connection you use. That is why it is important you tell us upfront about how you want your terminal to be connected. | ||||
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Pax S80 (Landline and Internet connection Only) |
Free Terminal | Free Terminal | Free Terminal | Included in the POS |
| Wireless Terminal | Need to purchase | Need to purchase | Need to purchase | Need to purchase |
| Pin Pad Terminal (If you are processing pin debit transaction or accepting EBT cards then you should use pin pad terminal so your client can easily enter pin number. Pin Pad Terminal is not free, but we suggest you should purchase one if you are a Liquor Store, Convenience Store, or a Restaurant.) | ||||
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PIN PAD Program
(Pax SP20) Will not allow to swipe the card. Your Customer can only slide the card. If you are looking for Pin Pad that can swipe a card as well please contact us |
$100 to purchase |
$5 per month and $25 one-time activation Or $100 to purchase |
$5 per month and $25 one-time activation Or $100 to purchase |
Included in the POS |
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PIN PAD Program
(Pax SP30) Swipe & Slide Available |
$200 to purchase (Merchant pays $100 and SwipeCard247 pays $100) |
$200 to purchase (Merchant pays $100 and SwipeCard247 pays $100) |
$200 to purchase (Merchant pays $100 and SwipeCard247 pays $100) |
Included in the POS |
| Multiple PIN PAD Terminal | Need to Purchase | Need to Purchase | Need to Purchase | Need to Purchase |
| Free POS Gimmick (Free POS - Nothing is Free! There is always a catch, your processing company might be giving you free POS. (WE ALSO PROVIDE FREE POS!) But you still have to pay monthly support and service fee for that so-called “Free” POS. With Swipecard247, we explain all the strings and gimmicks also your processing rates will go down with our pricing plan. | ||||
| POINT OF SALE SYSTEM | ||||
| POS System | Multiple Option Available! | Terminal Program Only! | Terminal Program Only! | Multiple Option Available! |
| Exatouch POS Placement Program (All-in-One Terminal, Epson Thermal Receipt Printer, PAX S300, Cash Drawer, Customer Facing Display, 1D USB Barcode Scanner with Stand, Router, and Two (2) 7’ Ethernet Cables.) | Not available | Not available | Not available |
Available
$69/month per station with 3 years contract Or Buy for $999 and pay only $29.00 per month for software and support fee Special Discount Limited Time Offer: Free POS and pay only $29 per month for Software and Support Fee |
| Gift Card & Loyalty (Free Welcome Kit* Including envelopes, stickers, acrylic display, table tent and inserts - over a $50.00 value! No annual, statement, artwork setup, or program cancellation fees or any other hidden costs.) | ||||
| Gift Card & Loyalty | Not Available | Contact Us | Contact Us | Contact Us |
| After Batch Out Funding Time (Same Day Funding or Next Day Funding usually cost you (Usually it cost 1% to 3% or flat fee depending on a processing company) Processors withhold funds from merchants to control the risk. We do offer that but as mentioned you must pay the price and it’s not worth it.) Example, if you batch out on Monday 11:55pm then you should receive funds by Wednesday or no later than Thursday based on 24-48 hours business time. | ||||
| Funding Time | 24-48 business hours | 24-48 business hours | 24-48 business hours | 24-48 business hours |
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Shipping Equipment Cost (It takes 3-5 business days for terminal to arrive after your application get approve.) |
$0.00 for Ground Shipping Overnight Shipping : $150.00 |
$0.00 for Ground Shipping Overnight Shipping : $85.00 |
$0.00 for Ground Shipping Overnight Shipping : $85.00 |
$75.00 for Ground Shipping Overnight Shipping : $85.00 |
| Complete Application and Equipment Setup Timeline (We Do not come to your location to Setup the equipment. Its already setup to process so, all you need to do is plugin and start using. But if you still need our help then reach out to us and we will connect you with the tech team to setup your terminal/POS if needed.) | ||||
| Terminal | Merchant requiring Terminal & Pin Pad Terminal from Application to setup takes 7-10 business days | Merchant requiring Terminal & Pin Pad Terminal from Application to setup takes 7-10 business days | Merchant requiring Terminal & Pin Pad Terminal from Application to setup takes 7-10 business days | Not Available |
| POS | Merchant requiring POS & Pin Pad Terminal from application to setup takes 21-27 business days | Not Available | Not Available | Merchant requiring POS & Pin Pad Terminal from application to setup takes 21-27 business days |
| SUPPORT FOR MERCHANTS | ||||
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Multiple Supports (support team - phone - email - text) |
Monday to Friday 9am to 5pm CST SwipeCard247 Support Processing Company support 7 days - 24/7 |
Monday to Friday 9am to 5pm CST SwipeCard247 Support Processing Company support 7 days - 24/7 |
Monday to Friday 9am to 5pm CST SwipeCard247 Support Processing Company support 7 days - 24/7 |
Monday to Friday 9am to 5pm CST SwipeCard247 Support Processing Company support 7 days - 24/7 |
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FREE TERMINAL – Nothing is Free. There’s always a catch but we have eliminated for you! |
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|---|---|
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| TYPE | RATE |
Debit Card Discount Rate Visa/MC/Disc 
|
Markup Fee 0.05% + Wholesale Fee |
Debit Card Discount Rate American Express 
|
Markup Fee 0.05% + Wholesale Fee |
|
Credit Card Discount Rate Visa/MC/Disc
|
Markup Fee 0.05% + Wholesale Fee |
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Credit Card Discount Rate American Express
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Markup Fee 0.05% + Wholesale Fee |
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Authorization Fee Visa/MC/Disc
|
Markup Fee $0.05 + Wholesale Fee |
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Authorization Fee American Express
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Markup Fee $0.11 + Wholesale Fee |
| Pin Debit Authorization Fees | Markup Fee $0.06 + Wholesale Fee |
| Pin Pad Debit Gateway (Monthly) Fees | Markup Fee $0.00 |
| EBT Authorization Fee | Markup Fee $0.20 |
| Batch Header (Close Fees) | Markup Fee $0.00 |
| AVS Per Transaction Fee | Markup Fee $0.02 |
| Voice/ARU Authorizations | Markup Fee $0.60 |
| Account Set Up Fee | Markup Fee $0.00 |
| Application Fee | Markup Fee $0.00 |
| Early Termination Fee | Markup Fee $0.00 |
| Monthly Support Fee/Service Fee | Markup Fee $1.00 |
| Monthly Statement/Account on File Fee | Markup Fee $2.00 |
| Online Reporting Monthly Fee | Markup Fee $0.00 |
| Semi Annual Tech Fee | Markup Fee $20.00 |
| Annual Service Fee | Markup Fee $0.00 |
| PCI Non-Compliance Fee | Markup Fee $9.95 |
| PCI Compliance | Markup Fee $0.00 |
| Breach Insurance Monthly | Markup Fee $5.95 |
| Monthly 100K Data and Breach Protection | Markup Fee $0.00 |
| Monthly Minimum | Markup Fee $25.00 |
| Chargeback Fee | Markup Fee $15.00 |
| Retrieval Fee | Markup Fee $5.00 |
How to Calculate Your Effective Rate (%) to Avoid Misleading Rate Quotes?
In a world of transactions, we have put more than $5,231,156.68 back into business owners’ bank accounts, saving them $5,478.00 on average.
The Flexibility Your Customers Deserve
RETAIL / RESTAURANT
Keep your business moving with instant broadband connectivity for speedy transactions
WIRELESS
Accept payments out in the field with the MobilePay Swipe and mobile application.
POINT OF SALE
Versatile and scalable Point-of-Sale system for every business type
E-COMMERCE
Accept credit cards online through your website. Our solutions are designed to save time and money
Resource Center
Pin Debit vs Signature Debit
When you swipe your debit card at the checkout, the point-of-sale (POS) terminal will usually ask you: “Debit or Credit?” I have no idea why …
Swiped vs. Keyed Transactions
What is Interchange? In simple terms, interchange is the cost of completing a given card transaction. Interchange fees cover the cost of maintaining card networks, …
ASSESSMENT FEE + INTERCHANGE FEE = WHOLESALE FEES
What is Wholesale Pricing? Wholesale also known as Interchange Fees is the rates set by the credit card companies themselves. Every card has a different …
Credit Card Processing Fees SCAM
How to Avoid Misleading Rate Quotes? How to Calculate Your Effective Rate (%)? Why merchant’s effective rate (%) keep changing each month? What’s my % …
INTERCHANGE PLUS VS TIERED VS FLAT- RATE VS SUBSCRIPTION PRICING
Understanding how credit card processing fees are determined and how different merchant account pricing models work can save your business hundreds of dollars a month …
CREDIT CARD PROCESSING MARKUP FEES
What is Markup Pricing? The markup over interchange and assessments is the only area where you can negotiate credit card processing costs. Keep in mind …
Businesses everywhere are overpaying for credit card processing.
We solved that.
Call : 847 383 7082
Email : sales@swipecard247.com
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