|
|
Credit Card Processing Rates for a Wireless Credit Card Terminal
|
|
|
|
|
The credit card processing rates quoted here are applicable to a
merchant that that accepts credit cards from customers using a wireless
credit card terminal. A
high percentage of the credit card transactions are created by swiping
the customer's credit or debit card through the credit card
terminal. The rates on this page are available to businesses that make
application for a merchant account through this website only.
These rates meet the rate qualifications to receive the "FREE for Use" wireless
equipment package 5 or package 5. There are additional requirements
for the "FREE for Use" thermal printer that is included in
package 4.
|
|
|
|
|
|
|
| Rate Description |
Rate |
| |
|
| Qualified or Card Present |
1.80% |
| Mid-Qualified * |
2.66% |
| Non-Qualified or Card Not Present * |
3.06% |
|
|
|
|
|
|
|
|
The following are on-time and ongoing fees that can be incurred by a
wireless merchant account:
|
|
|
|
|
|
|
| Fee Description |
Fee |
| |
|
| Credit Card Transaction fee |
$ 0.19 |
| Debit Card Transaction fee *** |
$ 0.19 |
| Address Verification fee |
$ 0.10 |
| Batch Header fee |
$ 0.25 |
| Monthly Minimum Discount fee |
$ 25.00 |
| Monthly Statement fee |
$ 5.00 |
| Monthly Wireless Access fee |
$ 25.00 |
| Monthly Debit Gateway Access fee *** |
$ 10.00 |
| |
|
| Wireless One-Time Activation fee |
$ 50.00 |
| Wireless Per Transaction fee ** |
$ 0.10 |
|
|
|
|
|
|
|
|
* Credit card transactions are escalated to Mid and Non-Qualified levels
when the transaction fails certain security tests, like the address
verification test, or the credit card account number is entered
manually.
|
|
|
|
|
|
** This Wireless Per Transaction fee for the Wireless Network is added to the
Credit Card Transaction fee
above.
|
|
|
|
|
|
*** Does not include debit network fees which are controlled by the
debit card networks.
|