Choosing the right pricing structure is crucial for your business, and understanding the various options can help you make an informed decision. Here’s a breakdown of the most common pricing structures available:
Tiered pricing
With tiered pricing, different interchange costs are grouped into a few buckets, each with a distinct discount rate. Transactions fall into these buckets based on factors like whether the card is a rewards card, whether the card was present, and how it was processed.
Interchange Plus pricing
Interchange Plus involves two distinct charges: the interchange rate for each card and a small, flat percentage to the processor. The interchange rate varies based on factors such as the type of card and how it was processed.
Flat rate pricing
This simple and predictable structure charges a single percentage regardless of the card type or how it is processed. All fees are wrapped into one easy-to-understand rate.
Edge program pricing
Edge pricing is a proprietary dual-price option that complies with all card brand rules and regulations across the U.S. It allows businesses to offset up to 100% of the cost of accepting credit cards while incentivizing customers to pay with cash, significantly boosting the bottom line.
Ready to learn more?
Understanding the specifics of your current pricing structure can lead to better financial decisions for your business. Whether you're interested in a detailed analysis of your current fees or considering a switch to Edge or another pricing structure, we're here to help.
Call us today! Our experts are ready to guide you through the process and ensure you choose the best option for your business needs.