Merchant Services Rates
Offering the Most Competitive Merchant Service Rates and Fees
Complete Merchant Services offers the most competitive rate program in the industry today Interchange Pass Through. This program provides the lowest overall cost of service, by passing through the direct cost for Interchange Fees and Assessments with a small markup in order to provide your business with outstanding service and support.
It is important to understand that comparing rates from one merchant service provider to the next can be very difficult. Rates may vary depending on the type of card and the method in which the card is processed.
Interchange Pass Through (IPT)
As a business owner you have enough to do without having to figure out how Credit Card Interchange Fees work. The good news is it's not that complicated. Interchange consists of different rates and transaction fees that an Issuing Bank (Cardholder's Bank) charges an Acquiring Bank (Merchant's Bank) to process one of their credit cards. There are hundreds of different fees, what is important is to understand that interchange is essentially the wholesale cost that banks charge each other in order to process credit card transactions. In order to pay the lowest rates when processing credit cards, the goal is to pay as close to interchange as possible.
Rate Comparison based on 0.25% over Interchange
Tiered Example Rates:
- Visa Regulated Check Card
Example: 1.69% - Visa Rewards 1 Card
Example: 2.69% - Visa Commercial Card Retail
Example: 3.19%
I.P.T. Example Rates:
- Interchange Cost 0.16% with Assessments
Our Rate: 0.41% - Interchange Cost 1.76% with Assessments
Our Rate: 2.01% - Interchange Cost 2.56% with Assessments
Our Rate: 2.76%
Rates based on October 2014 Visa® Interchange Reimbursement Fees and Assessments
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Beware of Tiered Pricing Programs
Most merchant account providers quote a "rate as low as" rate, this rate is generally what they call their Qualified Rate. Most tiered merchant accounts have a base rate plus two additional tiers that carry a surcharge when the type of card or acceptance method does not fall into the qualified tier. In this type of pricing method you are almost always paying well above the interchange cost for all surcharged transactions. Interchange Pass Through Programs only have one discount rate that you pay above the True Cost to accept a card.
3-Tier Merchant Rate Structure:
- Qualified Discount Rate (Base Rate)
Example: 1.69% - Mid Qualified Surcharge (Qualified Rate + Mid Qualified Surcharge)
Example: 1.69% + 1% = 2.69% - Non Qualified Surcharge (Qualified Rate + Non Qualified Surcharge)
Example: 1.69% + 1.5% = 3.19%
4-Tier Merchant Rate Structure:
- Debit Discount Rate (Check Cards Only)
Example: 1.29% - Qualified Discount Rate (Qualified Rate)
Example: 1.69% - Mid Qualified Surcharge (Qualified Rate + Mid Qualified Surcharge)
Example: 1.69% + 1% = 2.69% - Non Qualified Surcharge (Qualified Rate + Non Qualified Surcharge)
Example: 1.69% + 1.5% = 3.19%
* The Savings Averages concerning our competitors are based on Statement Analysis Data collected nationwide by CompleteMerchantServices.com, Inc and Our Affliates. The data is collected and displayed dynamically by our ISO / Agent statement analysis application.