By Lowering the Credit Card Fees You Pay.
Many merchants don’t realize the ramifications of skipping past prompts on their credit card machine or POS system costs them money.
The rate you pay as a merchant depends on:
The type of card presented: Check/Debit, Credit, Rewards, Business or International and how it is processed; swiped, keyed with enhanced data, keyed without enhanced data.These all affect the Interchange rate of the transaction. Interchange is the portion of the discount rate that every processor must collect and pay to the bank that issued the credit card. It ...