Rates and Fees
The first question most merchants ask is:
"What are
your rates"?
The response one gets could range from 1.59% to upwards of 4.5% (and
higher). But the "rate" is only one part of the complex equation.
Q - So what determines a merchants' true costs?
A - Many factors...
First off, there are dozens of different InterChange rates charged by the Card
Associations (Visa and MasterCard), for dozens of different merchant categories.
The primary elements which make up the actual costs are: The discount rate %, dues and
assessments, the transaction fee/InterChange per item fee and the network
authorization/communication fee...Plus the Bank's mark-up.
There can also be a wide range of ancillary fees, such as:
- Statement fee
- Support fee
- Monthly minimum fee
- Network inquiry fee
- Communication fee
- Key-entered fee
- Address verification fee
- Voice authorization fee
- Batch/settlement fee
- Charge Back fee
|
- ACH reject fee
- Non-qualified fee
- Annual fee
- Early termination fee
- Rolling reserves
- Merchant club fee
- Equipment maintenance fee
- Equipment swap fee
- Account update fee
- and many more...
|
So take your time when considering which company you
want handling your money! And be sure to read the merchant processing
agreement before signing it.
|
Most merchants will qualify for
the rates listed below.
|
| Merchant Type |
Retail/Restaurant
|
Mail Order/Phone Order
|
| Application fee |
$0.00 |
$0.00 |
| Discount rate |
1.78% |
2.39% |
| Transaction fee |
$.25 |
$.30 |
| Statement fee |
$8.50 |
$10.00 |
| Authorization fee |
included |
included |
| Monthly Minimum |
$15.00 |
$25.00 |
| Batch fee |
$.25 |
$.25 |
| Annual fee |
$19.00 |
$19.00 |
|
*These rates should be
considered a guideline only. Your actual rate quote may be affected by your
ticket size, annual volume and/or business type. |
For more information please call us at:
1-800-959-3840
Or email us at:
ubc@new.rr.com
|
United Bank Card,
Inc. is a registered ISO/MSP of First National Bank of Omaha,
1620 Dodge St., Omaha, NE – Member FDIC |
|
