Why You're Probably Overpaying for Credit Card Processing

You're probably overpaying for credit card processing. And the worst part? You might not even know it.

Here's the uncomfortable truth: most business owners assume they're getting a fair deal because they don't understand how processing rates actually work. The big processors bank on this confusion.

The "Qualified Rate" Trap

Many processors quote you a low "Qualified Rate" (like 1.5%). Sounds great, right?

But what they don't tell you is that "Qualified" only applies to basic debit cards swiped in person. Everything else—rewards cards, business cards, keyed-in transactions—gets downgraded to "Mid-Qualified" or "Non-Qualified" tiers.

Suddenly, that 1.5% rate jumps to 3.5% or 4% on most of your transactions. It's a classic bait-and-switch.

Hidden Fees Add Up

Check your statement for these common junk fees:

• Statement Fee: Charging you $10 just to mail you a bill.
• PCI Compliance Fee: A fee for not filling out a survey (or sometimes charged even if you do).
• Gateway Fee: An extra charge for the "privilege" of using their network.
• Batch Fee: Charging you every time you close out your terminal for the day.

The Solution: Transparent Pricing

You deserve to know exactly what you're paying. That's why at Top Merchant Services, we use Interchange-Plus Pricing or Dual Pricing.

• Interchange-Plus: You pay the direct cost from Visa/Mastercard (Interchange) plus a tiny fixed markup. No tiers, no games.
• Dual Pricing: You pay $0 in processing fees by passing the cost to the card transaction.