INTERCHANGE PLUS PRICING:
Interchange-plus pricing rates are usually expressed as the interchange rate plus a markup, which can be a percentage, a flat, per-transaction fee, or both. A merchant service provider, for example, may charge interchange + 0.35% + $0.20 per transaction for a Visa card retail transaction. Such interchange-plus pricing methods may vary for different card issuers/providers such as Visa, Mastercard, Discover or AmericanExpress.
We at Discover Data keep things transparent and simplified: we can offer a fixed Interchange-plus pricing for all cards across the board to processing costs are consistent and don’t fluctuate.
EFFECTIVE RATE PRICING:
The effective rate levels the playing field by taking into account all of these varying factors to deliver an accurate single measure of cost-effectiveness over time. Average sales volume, ticket amount, and seasonality are all factors that impact the competitiveness of a merchant account quote.
A crucial mistake when comparing merchant accounts is to focus on one particular rate or fee. It’s imperative to look at the big picture and to consider all costs — and that’s precisely what the effective rate does.
Discover Data eliminates all the overwhelming rates, discounts, assessments, fees and other costs by providing you with a simplified rate that will be your cost calculator regardless of the amount of transactions or volume your business generates on a monthly/annual basis.
New businesses or existing businesses that have a processing volume of $10k or below can benefit from our Discover Program which is a Fixed Rate Pass-Thru plan. We offer a fixed rate of $99.00/month with $0.05/transaction and process everything at-cost base pricing. No rates to bother with or calculations to deal with. A simplified solution for businesses that are starting up and don’t have a processing history or businesses that want a steady processing cost since they process a steady low monthly volume.
Discover Data offers this plan to make processing simplified for small business and provide them a peace of mind by giving them control over their processing costs.
Discover Data has introduced a revolutionary pricing plan ideal for businesses that have an average ticket cost of $25.00 or less. For $49.99/month our Zeropay plan allows a business/merchant to forward the processing cost on to the customer – resulting in ZERO cost of processing. The only cost incurred would be the monthly cost of subscribing to the Zeropay plan and the rest is history! All processing costs are forwarded on to the customer’s total bill as a surcharge to cover processing fees. This also encourages customers to avoid paying for such processing surcharges by paying with cash instead. Either way its a WIN WIN situation for our merchants!
U.S. merchants that intend to surcharge are required to:
- Notify Visa and your acquirer at least 30 days in advance of beginning to surcharge; a notification form to Visa can be submitted at www.visa.com/merchantsurcharging.
- Limit surcharging to credit cards only (no surcharging debit and prepaid cards) and limit the amount to your merchant discount rate for the applicable credit card surcharged*.
- Disclose the surcharge as a merchant fee and clearly alert consumers to the practice at the point of sale – both in store and online – and on every receipt. Merchants should also consider whether they comply with all applicable state or federal laws. Currently, 10 U.S. states have surcharging restrictions including California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas.
More information on rules and requirements related to surcharging can be found at www.visa.com/merchantsurcharging
ADDITIONAL ADD-ON PROGRAM FOR MERCHANTS
CARE PROGRAM: $25.00/month (optional)
Free receipt paper for terminal, warranty for the terminal, overnight shipping for replacement or repair, annual upgrades for terminals.