Interchange plus pricing, also known as cost-plus, is the most merchant-friendly pricing method used in payment processing. Cost-plus discloses the exact margin payment processors make for each credit card transaction.
We aim for the lowest payment processing fees ever. We pass through bank fees at wholesale with a transparent markup. The table below shows our percentage markup after interchange and bank fees.
Monthly Credit Card Sales | In-Person Payments | Online or Keyed Payments |
---|---|---|
$15,000 to $25,000 | 0.38% and $0.08 | 0.48% and $0.23 |
$25,001 to $50,000 | 0.33% and $0.06 | 0.43% and $0.18 |
$50,001 to $100,000 | 0.28% and $0.06 | 0.38% and $0.17 |
$100,001 to $250,000 | 0.23% and $0.05 | 0.33% and $0.14 |
$250,001 to $1,000,000 | 0.18% and $0.05 | 0.23% and $0.12 |
$1,000,001 to $5,000,000 | 0.10% and $0.04 | 0.20% and $0.08 |
$5,000,001+ | 0.08% and $0.03 | 0.12% and $0.06 |
Overall, the best way to tell what you are being charged is to take all your fees and divide that by how much you processed in credit card sales. This is known as your effective rate. Read more about the effective rate in payments.
We have a wide selection of terminals available for rent. As you get set up, we can help you select the best terminal for your needs or any other equipment you might wish to have.
PCI is a mandatory certificate required annually by credit card brands to keep merchants accountable for protection of cardholder data. Read more about PCI.
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Clearly Payments is a payment processor in Canada. The Clearly Payments name and logo are trademarks of Clearly Payments Inc payment processing in Vancouver, Canada. The Interac name and logo are trademarks of Interac Inc Canada. The Visa, MasterCard, and AMEX logos are trademarks of Visa International, MasterCard International Incorporated, and American Express Company. Clearly Payments is a Registered Partner/ISO of the Canadian Branch of U.S. Bank National Association.