The average merchant has no idea if the credit card processing pricing plan being used in his or her business is based on what I call 'bottom up' pricing (interchange plus) or 'top down pricing' - (tiered pricing). Tiered pricing herds transactions into slots that many be drastically higher than basing price on an Interchange plan...
interchange refers to what all processors must pay to Visa, Mastercard and Discover...when using a pricing plan bases on interchange there is no 'herding' and each transaction has an uniform markup. Of course one must be aware of the mark up being charged and per item cost!
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