Our Set Cost ( 2.7% ) Flat Fees
Flat rate credit card processing
is a popular and feasible option
for many businesses.
Flat Rate pricing simply means that the credit card processor is charging you one flat rate for all of your credit card transactions, regardless of the fluctuating interchange rates.
The appeal of flat rate credit card processing, of course, lies in its simplicity and predictability.
What is a Typical Flat Rate Fee?
Typical flat rate pricing runs around 2-3% + a few cents.
It’s important to remember two things when shopping for a flat fee provider:
The rate you are getting will not fluctuate, but it is higher than interchange
You will still pay an additional x cents per transaction.
With Square for example, who currently charge a 2.6% fee, you will also pay an additional 10 cents per transaction.
PayPal will charge 2.9% on transactions that aren’t QR code payments, plus a fixed fee.
If your business mostly processes a low monthly volume of small-ticket transactions (that are card-present or in-person), then flat rate pricing could be the best option for your business.
The credit card payment industry is a daunting and confusing world to navigate. You’ve got the banks, your customers, payment processors, and credit card companies all looking out for themselves – and it’s often the hard-working merchant that gets caught in the middle of it all.
It’s time to take the reins back
and hire a payment processor that works for you.