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What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
What is Interchange Plus for Merchant Accounts?
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What is Interchange Plus for Merchant Accounts?

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Most businesses are still not aware of a little know price model for merchants accounts that will signifiganlty

Most businesses are still not aware of a little know price model for merchants accounts that will signifiganlty

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  • 1. What is Interchange Plus?<br />For Merchant Accounts<br />
  • 2. Let’s simplify this right from the start:<br />Interchange represents the cost <br />for accepting credit card payments.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 3. So Interchange Plus is:<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 4. So Interchange Plus is:<br />Cost for accepting a credit card payments<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 5. So Interchange Plus is:<br />Cost for accepting a credit card payments<br />+<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 6. So Interchange Plus is:<br />Cost for accepting a credit card payments<br />+<br />A mark up from the credit card processor<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 7. Here’s an example of how this works.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 8. A customer swipes a Visa Rewards card at a sporting goods store.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 9. Here’s how we arrive at the final rate <br />the merchant pays:<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 10. Now let’s look at a typical merchant account. <br />Tiered Rate Account<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 11. With a Tiered Rate merchant account there are two rates to pay attention to:<br />1. Base Discount Rate<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 12. With a Tiered Rate merchant account there are two rates to pay attention to:<br />1. Base Discount Rate<br />This is the rate for transactions when a normal consumer credit card is swiped.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 13. With a Tiered Rate merchant account there are two rates to pay attention to:<br />2. Surcharge Rate<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 14. With a Tiered Rate merchant account there are two rates to pay attention to:<br />2. Surcharge Rate<br />When a credit card transaction doesn’t qualify for the Base Discount Rate a surcharge is added.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 15. Here is an example of what a Tiered Rate account looks like:<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 16. Tiered Rate Account Example<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 17. Let’s define what these tiers are…<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 18. Qualified Tier<br />Swiped debit and generic credit cards <br />qualify for this tier.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 19. Mid-Qualified Tier<br />Keyed in debit cards, generic credit cards and swiped rewards cards qualify for this tier.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 20. Non-Qualified Tier<br />Foreign and business credit cards qualify for this tier.<br />Plus keyed in rewards cards and other cards not matching Address Verification Service (AVS).<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 21. So how do these two types of merchant accounts compare?<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 22. EXAMPLE #1<br />Swiped Visa Rewards Card<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 23. What is Interchange Plus?<br />For Merchant Accounts<br />EXAMPLE #1<br />Swiped Visa Rewards Card<br />With a $100 purchase the Interchange Plus account fee would be $2.26; for the tiered account $3.00<br />So an Interchange Plus account reduce your fees on this transaction by $0.74 or 24.67%<br />
  • 24. EXAMPLE #2<br />MasterCard Swiped Debit Card<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 25. What is Interchange Plus?<br />For Merchant Accounts<br />EXAMPLE #2<br />MasterCard Swiped Debit Card<br />With a $100 purchase the Interchange Plus account fee would be $1.61; for the tiered account $2.00.<br />So an Interchange Plus account would save the merchant $0.39 or 19.5%.<br />
  • 26. EXAMPLE #3<br />Swiped Generic Visa for $10 <br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 27. EXAMPLE #3<br />Swiped Generic Visa for $10 <br />With a $10 purchase the Interchange Plus account fee would be $0.35; for the tiered account $0.47.<br />So a Interchange Plus account would save the merchant $0.12 or 25.53%.<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 28. EXAMPLE #4<br />Swiped Visa Business Card<br />What is Interchange Plus?<br />For Merchant Accounts<br />
  • 29. What is Interchange Plus?<br />For Merchant Accounts<br />EXAMPLE #4<br />Swiped Visa Business Card<br />With a $100 purchase the Interchange Plus account fee would be $2.81; for the tiered account $4.00.<br />So a Interchange Plus account would save the merchant $1.19 or 29.75% on this type of transaction.<br />
  • 30. What is Interchange Plus?<br />For Merchant Accounts<br />Special Interchange Programs<br />
  • 31. What is Interchange Plus?<br />For Merchant Accounts<br />Bottom Line<br />For the majority of businesses, switching to a Interchange Plus merchant account will result in significant savings.<br />
  • 32. What is Interchange Plus?<br />For Merchant Accounts<br />Bottom Line<br />However, this is not the case for all businesses.<br />
  • 33. What is Interchange Plus?<br />For Merchant Accounts<br />Bottom Line<br />The best way to find out what option is best for you is to have one of our Interchange experts analyze your merchant account. <br />
  • 34. What is Interchange Plus?<br />For Merchant Accounts<br />Bottom Line<br />If we can’t lower your fees we’ll cut you a check for $500<br />Click here to get started<br />

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