Interchange-Plus Credit Card Processing Pricing

UniBul Merchant Services has just added interchange-plus pricing to its line-up of pricing models. The new pricing structure will be available to merchants accepting credit and debit cards in both face-to-face and card-not-present setting.

Most businesses place pricing at the very top of their lists of priorities when selecting a credit card processing provider. It is understandable and anyway most of us do exactly the same when selecting service providers. Nevertheless, offering low pricing is the only way a payment processor can be competitive and it is the reason UniBul Merchant Services has designed an interchange-plus credit card processing model. It works by adding UniBul's own cost to the interchange fee charged by Visa and MasterCard for each card transaction. By ensuring that its mark-up is as low as possible, UniBul guarantees that merchants get the lowest possible processing rate.

UniBul Merchant Services' new interchange-plus pricing model comes with no fixed monthly fees. Here is a list of the applicable rates and fees:

• Application fee - $0.
• Merchant account set-up fee - $0.
• Equipment set-up or reprogramming fee - $0.
• Authorize.Net gateway set-up fee - $0.
• Authorize.Net gateway monthly fee - $0.
• Monthly statement fee - $0.
• Visa / MasterCard discount rate – 0.25% + $0.15 above interchange cost.

The merchant's processing rate is the sum of whatever the processor (e.g. UniBul Merchant Services) charges and what Visa or MasterCard charge. With the interchange-plus credit card processing model, the rate the processor charges is exactly the same for all types of cards, which ensures that the merchant does not get arbitrarily overcharged for transactions that may otherwise have been classified as "mid-" or "non-qualified." The total processing cost will vary by transaction, because the fees charged by Visa and MasterCard vary by card type.

Other service benefits include:

• Fast application decision.
• Full pricing disclosure prior to any contract agreement.
• Acceptance of all major cards.
• PayPal, Google Checkout, Amazon Payments, eChecks and eBillme third party payment options.
• Daily ACH deposits into the merchant's checking account.
• Risk management services to limit fraud exposure.
• Web-based client center for complete account management.
• US-based merchant support.

"This is the best interchange-plus pricing model in the industry and it guarantees lowest total cost of accepting credit cards," says Greg Stanski, VP of Sales for UniBul Merchant Services "When comparing pricing models, merchants need to estimate the total processing costs. Lower headline fees may be advertised on other websites, but you will get hit with set-up fees , additional fees for accepting rewards cards and corporate cards (the so-called mid-qualified and non-qualified fees), etc.," he added.