PAYSTAND BLOG

Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.

Can Small Businesses Hope to Compete with the “Big Guys” on Credit Card Fees?

Innovators choose new payment tech
to get around transaction costs


To paraphrase Benjamin Franklin, there are three certainties in life for small businesses: death, taxes, and credit card interchange fees. These are the fees charged by the big three credit card issuers (Visa, MasterCard, and American Express) to merchants for accepting their cards. Although the marked-up rates charged by processing services can vary, it is widely accepted that interchange fees represent a hard floor of fixed costs that can’t be changed or negotiated. 

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Jeremy Almond Jeremy Almond on June 2, 2015

Bitcoin, payments-as-a-service, merchant fees, credit cards, mobile POS

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