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Credit Card Effective Rate Calculation

Our members have been calling us more frequently with rate quotes that appear to be dirt cheap.  This simple formula allows you to truly evaluate your cost to process credit cards.  Don't hesitate to call us if you have questions.  Remember, if it sounds too good to be true, it probably is.

A = Discount Fee  =  Credit Card Sales  x  Rate

B = All Fees (include 1/12 of setup fee)

EFFECTIVE RATE =

(A + B) x 100 / Credit Card Sales

Call us for a no charge comparison of rates.

 

 

 

 

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