Flat rate merchant account pricing is an inexpensive, transparent credit card processing pricing model. Our processing partners often offer flat rate quotes here at CardFellow. Sign up for a free account if you’re interested in receiving flat rate quotes to find the best credit card processor.
- What is flat rate merchant account pricing?
- How does the flat rate model work?
- What are the advantages of the flat rate price structure?
- Is the flat rate model the best merchant account pricing?
- Where can I get it?
- What would the flat rate be for my business?
What is flat rate merchant account pricing?
Flat rate merchant account pricing is a transparent credit card processing price structure where the processor’s markup is applied as a flat monthly fee instead of a percentage of sales volume.
This is what makes the flat rate structure different than other forms of pricing such as interchange plus pricing.
How does the flat rate model work?
With the flat rate pricing model a business pays exact interchange fees in addition to a flat monthly maintenance fee to the credit card processor. There are typically few additional charges beyond interchange fees, a transaction fee and the provider’s monthly maintenance fee.
What are the advantages of the flat rate price structure?
The flat rate model is the only pricing structure where a processor’s markup is not based on a percentage of sales. This ensures that the processor’s monthly maintenance fee remains the same regardless of a business’s processing volume, making it very cost effective for new and growing businesses.
Is the flat rate model the best merchant account pricing?
The flat rate model is an inexpensive, transparent processing solution, but the best processing solution for your business will depend on your business’s individual needs and profile.
Where can I get it?
Sign up for free and note that you are specifically interested in a flat rate merchant account in your business description. Providers will read your description when offering you quotes, and they’ll structure your quotes accordingly.
What would the flat rate be for my business?
The flat monthly fee is not set by CardFellow. It’s set by the processor that provides the actual service, and the maintenance fee varies depending on a business’s details. Sign up for free here at CardFellow and you will receive quotes showing the flat monthly fee for your business.
