Simplified flat rate pricing

Simplified flat rate pricing refers to a standard rate for all transactions, irrespective of the type of card used, meaning that cards with low markup (debit cards) and high markup (corporate cards) will essentially cost the same. This model can be convenient for businesses that don’t process a high volume of credit card transactions.

Merchants are typically charged an interchange fee to the bank issuer, an assessment fee from the card brand and a markup price from the credit card processor. The fees are dependent on card type, card brand, processing method and other variables.

Simplified flat rate pricing works by bundling all these fees together into a single flat rate.

Simplified flat rate credit card processing can cost anywhere between 2% – 3.50% and charge between $0.20 to $0.30 per transaction. Talk to one of our Payment Experts to see what simplified rate might be best for your business.

Because simplified flat rate credit card processing is a set rate business owners pay each month, no matter what type of card or transaction method is used, businesses can save money by budgeting easier with the rate being consistent.

This pricing structure could be right for you if you’re unsure of how much you’ll process every month or if you mostly process small transactions at a low volume. If you’re unsure of what pricing structure may be best for you, call our Payment Experts today and they’ll look at your monthly statement to help you determine the best option for your business.