Remove Disputes Remove Mobile Payment Processing Remove Processing Costs
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Everything You Need to Know About Credit Card Processing

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It’s important for small business owners like yourself to understand the pricing plans offered by various credit card processors (or merchant service providers) in the market, so you can compare their processing costs before you decide who to sign up with. They occur when a consumer disputes a certain charge to their account.

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What’s the Best Payment Processor for Small Business?

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The actual cost to accept a debit card is around 1%, whereas a premium rewards credit card can easily be 2.5%, but in a flat rate structure, you’ll pay the same (typically 2.9%) for both, resulting in a significant markup on many card types. They have interchange-plus pricing, with no long-term contracts.