Multiple pricing options
Traditional pricing is where you the merchant pay the fees. Our traditional pricing is Cost Plus, meaning whatever the wholesale cost is from Visa we add a small fee. So if you process a Debit card that costs .5% you are not paying 2.78%
Passing on the fee is very regulated by Visa and we work in compliance with Visa rules and regulations. As a result we can eliminate as much as 90% of your fees by passing them on to the customer at the time of the sale. 80% of businesses are using a Pass On The Fee program since Covid.
How do we compare?
With a Pass On The Fee program you will be paying around 1% depending on the type of card your customer uses.
With a Traditional program you will be paying in the range of 2.15% to 3.15% depending on the type of card the customer uses.
With other providers such as Square and Stripe you will be paying 3.5% plus and additional 1% for a 4.5% total fee if you choose next day deposits.
https://squareup.com/us/en/payments/our-fees
Contact us today to get started
We work with Connextions to do the integration work for you. What you can expect is to fill out an agreement that takes an average of a week to process. Depending on your business type and volume we may ask for some underwriting documentation.
Once the account is approved we will work with Connextions to complete the integration.
Then you are all set.