One complaint we hear all too often is, “I am paying too high a rate to my credit card processing company.”
Allow me to tell you about Rate Lock. Processing companies are notorious for hidden fees, and unnecessary charges on billing statements.
An Interchange fee, is the fee the credit card companies charge for each transaction. This fee is set by the credit card networks and split between the networks and the credit card issuing banks. It consists of a percentage of the transaction plus a per-transaction fee. The exact percentage of the transaction varies according to a wide range of specific criteria such as what type of credit card it is, what is being purchased, who issued the card, and many other factors.
That is fine, but most processors do not stop there and tack on additonal fees. By using rate lock, we monitor all of your transactions each month, remove these extra charges, and show you the savings. We do not get paid until we save you money on your processing. Sounds like a good deal, huh? It’s like lowering your interest rate on your processing, it saves you money on your credit card processing each month. It puts more money in your pocket and helps your business grow. It just makes sense. Contact Walnut Financial today for more details.