Merchant Rates

Merchant Rates Calculator





Industry

MC/Visa Sales
$
Avg Ticket
$
* Number of Locations
Connection Type
Transaction Fee
Statement Fee
Annual Fee

Sample Proposal Screen Shots

Proposal Tab
Proposal View
Visa Tab
Visa View
MasterCard Tab
MasterCard View
Discover Tab
Discover View
Solutions Tab
Solutions View
Proposal
Visa
MasterCard
Discover
Solutions

Guide to the Merchant Rates Proposal & Quotes

  • Your MerchantRates proposal will contain five tabs that will detail out an Interchange rate structure quote.
  • Additional calculator tools to modify your quote by changing your fee selections may be used.
  • You may also print your proposal and the merchant application and terms and conditions.

Start with an understanding of Interchange

Interchange fees are paid to cardholder-issuing banks and these rates are set by MasterCard and Visa card associations. Interchange pricing depends on your industry category, your card acceptance method and the type of card you accept.

  • You will accept a diverse mix of credit and debit cards for payment.
  • Specific card types include signature debit, rewards, enhanced, world, business, corporate.
  • With Interchange pricing you are billed on net sales (sales minus returns to cardholders).

We’ve identified the most common Interchange rates for your industry by charge type

For our Restaurant example, the incentive small ticket Interchange rates for credit and signature debit (check cards) transactions under $15. Note that:

  • There are over 200 million Visa check cards in the market accounting for over 40% of Visa sales volume. Make sure you compare quotes for credit and check card rates independently.
  • 2/3 of consumers have a rewards credit card, many with 2 or more. If you are not being quoted a rewards card rate, carefully examine the fine print for the definitions of mid/non qualified rates!
  • Visa transactions may account for nearly 70% of your bankcard acceptance. Consider card market share and price structure when comparing quotes.

Avoid tiered rate plans that include non-qualified rate surcharges. The best pricing model is an Interchange pass through.

Get all merchant rate quotes in the same format

Small and mid-sized businesses must insist on an Interchange pricing method just as the largest merchants already pay to get the best bottom line processing costs.

Then compare what Vantage offers:

  • No hidden fees
  • True month-to-month agreement
  • Personal attention from your very own account manager
  • Accept credit cards on you own terms, set your own processing fee structure and monitor it using the MerchantRates quote calculator.
  • Earn Vantage Points when you accept bankcards and reward yourself.