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What most processing companies are doing in these current economic times are advertising their "qualified" or swiped rate and not disclosing or explaining the full program to prospective business owners.
The "qualified" rate only covers standard credit cards and debit cards if you are not using a pin pad.
Depending on your average ticket (lower average ticket means more debit cards accepted, higher means more rewards cards) this rate won't be the rate you receive.
"Downgraded" card types are very prevalent and are more often than not the majority of card types accepted. These rates are the ones they don't want to explain to you because this is where they inflate the rates you are charged.
Downgraded card types such as rewards cards, business, corporate and foreign, do not get charged the qualified rate. They get charged mid and non qualified rates.
Mid and non qualified rates can be as expensive as 4% with some processors.
As a testament to how we choose to do business, with honesty and integrity, our entire rate program is divulged for any prospective business owner to see.
At ACCPC we do things a little differently, and that will mean a lot to your business.
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