Discover the three key components that make up credit card processing costs for your business.
In this video, Qualpay experts demystify the complex world of payment processing fees and explain how understanding these elements can help you optimize your expenses.
Key topics covered:
- Interchange fees: The largest component of processing costs;
- Assessment fees: Brand fees charged by card networks; and
- Processor markup: Fees charged by your payment processor.
Qualpay helps businesses remove layers of cost while simplifying reconciliation reporting through an integrated payments platform. Our consultative approach to payments and our flexible technology platform allows us to address any payments problems and needs you have.
Qualpay makes sure you always pay the target interchange rate
Our cutting-edge technology ensures you are utilizing the correct criteria to achieve the lowest interchange rate—the target interchange. That means properly setting up all the qualifying data necessary to meet the card brands’ rules. It also means passing along the correct industry classifications. And should you need further help in qualifying for the lowest interchange rate, our support staff is always ready to assist you.
Why choose Qualpay for payment processing?
- Integrated payments platform that simplifies reconciliation reporting;
- Consultative approach to address your unique payment challenges;
- Flexible technology to meet your specific needs; and
- Transparent pricing and cost analysis.
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