Swipesum details all you need to know about merchant account fees! Find out more on understanding merchant service fees & merchant account rates.
Integrated payments for software platforms have been dominated by Stripe, Braintree, and PayPal for over 10 years. In the last year, we have seen the masses leave those typical providers.
Franchises are in a unique situation as they shop for credit card processing options. In this article, we break down the necessary steps for both franchisors and franchisees. You can also check out our last YouTube video for more information, or have a free consultation with a payments expert.
If your business accepts credit cards, you’re probably familiar with interchange. Interchange, in simple terms, is the cost of completing a transaction. Every time a card is swiped, the transaction is filtered into a number of buckets based on the merchant type, card type, and how the card was accepted.
Every time your customer swipes a card, you’ll pay two types of fees: interchange fees and markup fees. While markup fees will vary depending on your processor, interchange fees are universal, and thus, will be exactly the same no matter who processes payments for you.
