Published in AFP Exchange October 2009
Pricing in the credit card processing industry is very complex and most merchant statements do not make it any easier to understand. There are so many technical and industry laden terms – interchange fees, qualification tiers, downgrades, batch fees, ACH fees, authorization fees, settlement fees, AVS fees, and PCI compliance fees – that even a sophisticated financial manager can get cross-eyed.
So how do you really understand your true cost of credit/debit card processing, and then use that knowledge to ensure that your company is getting the best value for merchant services?
