Signs that you are currently paying too much...
Merchants must pay even closer attention to their rate structure than to their rate. Because it is important to understand the value of pricing strategy; merchants should be asking "what’s your rate structure", not "what's your rate"! Having more knowledge about what determines your rate and the fees that impact your bottom line cost will help you make an informed decision when selecting your next credit card processing provider.
MasterCard and Visa carry different Interchange pricing. Since Visa may account for as much as 70% of your transactions, if you pay the same rate for both MasterCard and Visa transactions, you are not qualifying for the lowest rates available.
If you do, you are not able to qualify for all the reduced incentive Interchange pricing levels available to you. For example:
These rate structure examples illustrate the upside of having a professional payment systems consultant work with you to analysis your card processing activity to establish an Interchange rate structure for your specific industry.