With over 500 different rate categories for different card types, accepting credit cards can sometimes feel like a necessary evil for a small business, and that's why we offer a trusted solution, explained in easy terms, that doesn't break your piggy bank.  In fact, every account we manage has straight-forward interchange pricing rules.  And like other merchant services providers, we can offer stand-alone terminals, point of sale integration, check guarantee services to grocers, cash-advance programs for retail businesses, and e-commerce gateways for selling your products online.  

What is Interchange Pricing?

Interchange fees are a set of fees, established by Visa and MasterCard.  These fees are passed on to the banks that issue credit cards to your customers.  

• The same base interchange fees apply no matter which company processes the credit cards accepted by your business. 
• While complex, Interchange pricing is the least-costly credit card processing rate structure.
• No matter what type of rate structure you agree to, interchange fees are being charged to your processor.
• The pricing rules for Interchange are very complicated – over 600 different rate categories exist. 
• Interchange is the largest chunk of processing costs at an average of 1.77% (higher for ecommerce)Example: $0.10/per transaction +1.75% of transaction volume
• They are composed of a flat rate for each transaction plus a percentage of the transaction amount.
• They are decided by Visa and MasterCard and are non-negotiable.
   

Credit Cards and Point of Sale

Integrating credit cards into your point of sale system no longer has to be costly or difficult. Dinerware, Microsoft Point of Sale, and Microsoft Retail Management System all integrate with a number of payment processors without additional software, so whether you choose to use RCS Merchant Services, or another provider, costly third-party software is unnecessary, and as usual, our engineers will be with you every step of the way to ensure a seamless installation.