Payment Processing, Why So Many Fees?

Published on 7/9/2014

Payment Process Fees

So…anyone that knows anything about the credit card processing knows that the banks are sitting back and making a ton of money without even lifting a finger! Not fair right? Have you ever sat down and added up what fees you are paying to process cards?

Here is a list of possible fees that credit card companies charge: - monthly fees usually $5-$15 a month - yearly fees, Visa charges $99 yr - setup fees, normally $199-$299 to get started not including cost to purchase machines - cancellation fees $295 - PCI fees $7.95 per month if you are not compliant - Per transaction fees $.10-$.50 per transaction - Processing Fee- normally between 1.5%-3%

Easy Storage Solutions partnered with a company called Rentpayment.

The nice thing about these guys is that they only charge 1.99% as a flat rate. They do not have any… - monthly fees - yearly fees - setup fees - cancellation fees - PCI fees - Per transaction fees

All they charge is 1.99% on all Visa, Mastercard, and Discover transactions. That is it!

Click here to fill out the online agreement