“Free Credit Card Processing” or “Zero-Processing Fees” or No Processing Fees” deals in the method where your customer will pay the fees instead of you as a Merchant for the services availed.
This service is called surcharging credit card where the merchant can pass the fees for processing the card to their customers. And, this plan is sold to merchants in the same of free or no-cost card processing.
So, the charges that seem like “free credit card processing” or “zero processing fees” are actually paid by the customers instead of merchants. In this article, we will discuss such arrangements that revolve around credit card processing.
Does Zero Credit Card Processing Actually Cost Nothing?
As we have discussed, in the case of zero credit card processing the customer has to pay most of the charges.
However, it is not like the merchant is not paying anything entirely. Because there are still other charges to be paid by the merchant such as :
Generally, these plans are designed in such a manner that the processing fees are reduced to “zero” or “no-cost”. However, all the other charges are increased by a bit.
And when a customer is introduced to these prices, it seems like that the processing fees are reduced to zero.
What Does It Cost To Your Customers?
The charges are generally set to 4% or less for the customer as the surcharge of no-cost credit card processing of merchant.
Also, customers are generally charged dynamically and the range is between 3.45% to 3.65%.
However, this is not any kind of hidden charge and your customer will see the surcharge in the receipt on their purchased goods and services. And in such situation, a customer can feel like being charged more than he/she should.
No customer wants to pay extra for any goods and services and if this is the case with you then you can lose customers.
Merchant Stronghold, provide you with an expert who will customize the perfect deal for you depending on the industry your business is in. Contact us at the toll-free number +1 (888) 622 – 6875 and get the required services that you are looking for as a merchant. We also offer assistance regarding high-risk payment gateway and merchant account services.
This service is called surcharging credit card where the merchant can pass the fees for processing the card to their customers. And, this plan is sold to merchants in the same of free or no-cost card processing.
So, the charges that seem like “free credit card processing” or “zero processing fees” are actually paid by the customers instead of merchants. In this article, we will discuss such arrangements that revolve around credit card processing.
Does Zero Credit Card Processing Actually Cost Nothing?
As we have discussed, in the case of zero credit card processing the customer has to pay most of the charges.
However, it is not like the merchant is not paying anything entirely. Because there are still other charges to be paid by the merchant such as :
- PCI Compliance
- Monthly Fees
- And many more.
Generally, these plans are designed in such a manner that the processing fees are reduced to “zero” or “no-cost”. However, all the other charges are increased by a bit.
And when a customer is introduced to these prices, it seems like that the processing fees are reduced to zero.
What Does It Cost To Your Customers?
The charges are generally set to 4% or less for the customer as the surcharge of no-cost credit card processing of merchant.
Also, customers are generally charged dynamically and the range is between 3.45% to 3.65%.
However, this is not any kind of hidden charge and your customer will see the surcharge in the receipt on their purchased goods and services. And in such situation, a customer can feel like being charged more than he/she should.
No customer wants to pay extra for any goods and services and if this is the case with you then you can lose customers.
Merchant Stronghold, provide you with an expert who will customize the perfect deal for you depending on the industry your business is in. Contact us at the toll-free number +1 (888) 622 – 6875 and get the required services that you are looking for as a merchant. We also offer assistance regarding high-risk payment gateway and merchant account services.
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