u000bIn the complex world of credit card processing, not all pricing models are created equal. As a healthcare provider, choosing the right one can save you thousands each year. Letu2019s break it down:
A single percentage fee for every transaction, regardless of card type or method.
Processors bundle transactions into 3u20136 u201ctiersu201d (e.g., qualified, mid-qualified, non-qualified).
You pay the true cost (interchange + card network fees) plus a small fixed markup.
Easy to understand (e.g., 2.75%) u2014 but oversimplified.
A set rate depending on the tier, often not transparent.
Transparent and itemized costs u2014 you see exactly where your money goes.
You pay the same for high rate on low-cost debit cards as you do for expensive reward credit cards.
You rarely know how your transactions are categorized u2014 and processors often assign many to the most expensive tier.
You benefit from lower-cost transactions, like debit and HSA/FSA cards, which are common in healthcare.
A single percentage fee for every transaction, regardless of card type or method.
Easy to understand (e.g., 2.75%) u2014 but oversimplified.
You pay the same for high rate on low-cost debit cards as you do for expensive reward credit cards.
Processors bundle transactions into 3u20136 u201ctiersu201d (e.g., qualified, mid-qualified, non-qualified).
A set rate depending on the tier, often not transparent.
You rarely know how your transactions are categorized u2014 and processors often assign many to the most expensive tier.
You pay the true cost (interchange + card network fees) plus a small fixed markup.
Transparent and itemized costs u2014 you see exactly where your money goes.
You benefit from lower-cost transactions, like debit and HSA/FSA cards, which are common in healthcare.
