Card Processing Fees 101: Comparing Interchange Plus vs. Tiered vs. Fixed Pricing
One of the most important decisions to make when choosing a payments partner is understanding your card processing options. Understanding which pricing models are available and how they’ll affect your rates can make a big difference in your bottom line, especially if you’re dealing with slim margins. And while many models exist, most payment processors will offer three popular choices: interchange plus, fixed rate and tiered pricing. Let’s dive into all three and see which is the best fit for your business.