Assessments are the Same for All Credit Card Processors
Assessments are set by the Visa, MasterCard, and Discover Card Associations and cost the same amount for all credit card processors and merchant service providers. Think of Assessments as the card brand's toll fee to get a transaction onto the V/MC/D network.
Interchange Rates are also set by the Card Associations. and are same cost for all merchant service providers.
The only cost that is variable is what the credit card processor or merchant service provider is charging for Processing Services. Whether processing services are being charged in Tiers of Quaified, Mid-Qualified, and Non-Qualified that cover the processor's Interchange and Assessment costs with a profit margin for the processor or they are being charged on a cost plus or interchange plus basis, the cost for Interchange and Assessments will be the same regardless.
Burlington Bank Card strives to provide our merchants with secure and reliable interchange plus merchant payment processing, transparent pricing, and one-on-one personal service.
Please call 1-800-758-1002 or contact us to learn more about Interchange Plus Credit Card Processing, or get a quote for an Interchange Plus Merchant Account.