Interchange plus or wholesale pricing has the lowest cost potential for merchants. How do you know if you have a good credit card processing price plan? Don’t count on your banker or merchant account agent. Find out for yourself by comparing your merchant statement with the one in this video which shows wholesale interchange plus pricing.
You need the best price plan to have any hope of paying the least amount of fees. The type of price plan is only one element, and is the only one covered in this video. Who qualifies for this pricing? There are no hard and fast rules. It’s entirely up to the person selling you your merchant account or the particular organization they work for. It’s usually offered to companies with over one million dollars in annual processing. Less than that, the price plan types vary widely.
VIDEO LINK: In 60 seconds, you’ll learn whether you are in the game or not.