The Payment Processing Rates You Should Expect in 2019

If you own a business, or ever strive to do so, you should know that accepting credit cards is pivotal for the long-term success of your business. This means that knowing the cost of processing credit card payments is vital to operating efficiently. Otherwise you may find that unexpected costs are eating away at your margins.

Behind the scenes: how credit card processing works.

Fees associated with different transactions.

Credit card processing fees.

Getting the lowest credit card fees.

● Larger transactions are more affected by a percentage add-on than a per-transaction fixed rate

● If you have a small number of transactions, you’re better off with a plan than offers a per transaction fee

● If you are processing a large number of transactions, you will save more with a percentage fee (assuming you get a reasonable rate from your provider!)

In conclusion.

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FinTech Weekly is a news service for the FS industry. Our newsletter comes out weekly, wrapping up the most important insights and strategies from the past week