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Understanding Credit Card Processing Charges

Virtuous Payments has the expertise & experience in meeting the needs of all types of businesses with their technology-enabled merchant processing services. Take advantage of these payment services from Canada’s leading credit card processing company that can assist your business enhance its sales.

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Understanding Credit Card Processing Charges

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  1. Understanding Credit Card Processing Charges

  2. Does your head spin when trying to make sense of credit card processing charges? You’re ?ot alo?e. Ma?y ?usi?ess o??ers a?d ?a?agers are left puzzled ?y the ela?orate ?ays i? ?hi?h they’re ?harged for ?redit ?ard processing. 3 Pricing Models Explained

  3. Interchange Plus The most straightforward of all the pricing models, Interchange Plus is the term used to describe a merchant account pricing model where afixed mark-up is applied directly to interchange fees published by VISA, MasterCard and Discover.

  4. Tiered Pricing Tiered Pricing, sometimes referred to as bundled or bucket pricing, describes a pricing model where the processor essentially divides the 400+ permutations of risk factors, into three groups, sometimes called buckets.

  5. Flat Rate Pricing Flat Rate Pricing is the easiest for merchants to understand on a statement, but it is the most difficult to price accordingly without knowing the types of cards that may be used by customers.

  6. Virtuous Payments has the expertise & experience in meeting the needs of all types of businesses with their technology- enabled merchant processing services. Take advantage of these pay?e?t ser?i?es fro? Ca?ada’s leadi?g ?redit ?ard processing company that can assist your business enhance its sales. Portable POS machine

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