Saturday, January 2, 2010

Understanding Credit Card Processing Rates & Fees

This video is a tutorial into understanding some of the rates and fees and fee structures associated with a merchant account. It can be confusing to understand but if you listen carefully you will certainly gain some insight as to how pricing policies work to some extent and how risk is associated with the rate you pay.

It explains the following fee structures:

  1. 3-Tier Pricing
  2. 6-Tier Pricing
  3. Interchange Plus Pricing
  4. Bill Backs

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