Best discount rate for credit card processing

1 pointashleyreddy1 comment

So I'm looking for a good rate for cc processing, not a gateway. For my last biz I used to pay 2.25% + $0.25 per transaction for V/MC. Whats the going rate nowadays? Is there better terms for low dollar transactions? My average monthly per transaction will be <$10.00.

View on HN

My startup is trying to solve this problem, minus the cards.

FaceCash = 1.5% flat, no other fees. http://www.facecash.com

We've calculated the average rate of some of our merchants by adding up sales volume and fees and then dividing fees into volume. It comes out to 3.2%.

Reply on news.ycombinator.com