Wholesale Processing Club Posted June 22, 2011 Report Share Posted June 22, 2011 About 2 months ago Visa changed the requirements for merchants benefiting from the Small Ticket Program. For any merchant accepting credit cards $15 and under, this can save your company a lot of money in processing fees. Before the change, you had to be one of only five industry types to take advantage of this money saving program. Now it is available to almost every industry type (If your set up correctly). Even if you take larger transactions your still covered when you take a ticket for $15 and under. Different processing companies charge different rates. Sometimes the "transaction fee" is bundled in with the percentage, other times not. Either way, paying a smaller transaction fee on small tickets is a great way to lower your processing costs. Example: TICKET $15.00 NORMAL PROGRAM Rate of 1.69% plus $.18 cents TOTAL PROCESSING FEE: $ .43 cents TICKET $15.00 SMALL TICKET PROGRAM Rate of 1.85% plus $.09 cents TOTAL PROCESSING FEE: $.37 cents ---------------------------------------------------------------------------------------------------- TICKET $5.00 NORMAL PROGRAM Rate of 1.69% plus $.18 cents TOTAL PROCESSING FEE: $ .27 cents TICKET $5.00 SMALL TICKET PROGRAM Rate of 1.85% plus $.09 cents TOTAL PROCESSING FEE: $.18 cents As you can see, the lower the ticket, the more you save. Be careful of what your paying now. With over 14 years experience, we have seen and heard it all. Most people think they are paying one "rate", but at the end of the day.. it ends up being a LOT more. We can give you a free rate review to keep your current company in check... or to hopefully switch over to us. Kind regards, Kyle Salone Link to post Share on other sites
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