Interchange Plus Pricing
Every merchant wants to keep costs, including credit card processing fees, as low as possible. Nationwide Merchant Services is committed to helping merchants do just that by offering interchange-plus pricing. Whether your business transacts a few thousand dollars or hundreds of thousand of dollars a month, we’ll GUARANTEE lower processing costs. Interchange-plus pricing is actually the most transparent form of pricing for merchants because it allows you to see EXACTLY what you’re paying and to whom.
Interchange is major part of any credit card processing fee. It is published by Visa, MasterCard and Discover…and it dictates the fees the merchant’s bank pays the bank that issues the customer’s card. Interchange fees, along with assessments paid to the card brands themselves is completely non-negotiable.
However, the processing fees paid to the merchant service provider like Nationwide Merchant Services is negotiable. And that’s where we are determined to help. By taking advantage of special technical innovations we’ve put into place, we keep processing costs low, and then pass those lower costs on to merchants in the form of lower processing fees. We can’t do anything about the interchange fees and assessments, but we will always do our best to keep our portion of your fee as low as possible.
Processing Rates
Interchange + Assessment+0.3% +10 cents / transaction
PIN Debit.............................16 cents plus Network Fee
Batch fee.............................15 cents
Monthly Statement Fee..........$6
PCI Compliance Fees.............$79
Monthly Minimum..................None
Application Fee.....................None
Setup Fee............................None
Annual Fee..........................None
Cancellation Fees.................None
For complete fee schedule, please refer to merchant account application schedule A.
See sample merchant statement for more information.