BY Ben Dwyer
Ben Dwyer began his career in the processing industry in 2003 on the sales floor for a Connecticut‐based processor. As he learned more about the inner‐workings of the industry, rampant unethical practices, and lack of assistance available to businesses, he cut ties with his employer and started a blog where he could post accurate information about credit card processing. As the blog gained in popularity, Ben began directly assisting merchants in their search for a processor. Ben believes in empowering businesses by providing access to fair, competitive pricing, accurate information, and continued support. His dedication to transparency and education has made CardFellow a staunch small business advocate in the credit card processing industry.
Hi,
I want to know if a 5 bps. will be charged every month in my credit card processing statement, that means $0.50 every $1000. Thank you.
Charges are determined by your processing company. If you chose one through CardFellow, I can look into it further for you. If not, your best bet is to contact your processor directly with any questions about your statement. I hope this helps!