Wonder Which Merchant Pricing Plan is the Best? ​

At Aldelo Pay, we don’t want to confuse our customers with confusing rate quotes, superficial savings, or using complex jargons that just make your head hurt thinking about it.  We’d like to keep things simple, so that you can continue to run your store efficiently while getting the best merchant processing services for your business.

We’ve gathered some key information to help you decide whether Interchange Plus or the Simple Flat Rate pricing is best for your operations.  If you have any questions, feel free to contact our Merchant Services Team at 877-639-8767.

What are the Interchange Fees?

Interchange are transaction fees that are paid by a merchant’s bank (acquirer) to a cardholder’s bank (issuer) whenever a customer uses their credit or debit card to make a purchase.  These fees are paid to the card-issuing bank to cover costs such as fraud, bad debts, and risks involved in approving payments. ​

How Much are the Interchange Fees?

Interchange fees are not static and are adjusted twice a year from card brands such as Visa, MasterCard, Discover, and American Express.  There are at least over 300 interchange fee programs that are calculated based on variables such as card entry method (swipe or keyed), merchant industry, ticket amount, card type and much more.

Interchange rates also vary by business size and operations; for example, online retailers often pay higher interchange fees than physical stores.  Interchange fees make up by far the largest total fees paid to banks by merchants.

Can I Negotiate Lower Interchange Fees? ​

A merchant cannot negotiate the interchange fees, regardless who the merchant services provider (ISO) is.  When a merchant switch merchant services company to another, the merchant will continue to pay the same interchange fees based on the merchant’s classification. The only exception is via Simple Flat Rate where the interchange fees are embedded into the Flat Rate already and is paid by the merchant service provider. ​

What are Dues & Assessments, and Association Fees? ​

These are fees assessed by the Card Brands such as Visa, MasterCard, Discover, and American Express.  Each card brand has its own Dues & Assessments represented in fraction of a percent against the transaction volume.  For example, a card brand may have the Dues & Assessment at 0.13%, which means if the transaction is $100, the merchant will also be assessed a 13 cent fee that is collected by the acquiring bank and reimbursed to the Card Brand.  Association Fees are also assessed by the Card Brands and collected from the merchant by the acquiring bank per each transaction.  

The combine of Interchange Fees, Dues & Assessments, and the Association Fees, commonly referred to as Interchange Costs or Wholesale Costs is non negotiable by merchants, and is the same for the merchant regardless which merchant service provider is chosen.  Any merchant service providers claiming to have the ability to help merchants lower the costs of Interchange, Dues & Assessments, or Association Fees would certainly while keeping the merchant on Interchange Plus Pricing is certainly not being truthful.​

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​Call Us at 1-877-639-8767

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What is the interchange plus pricing?

For those merchants seeking the most transparent merchant pricing plan, Aldelo Pay offers Interchange Plus Pricing Plans.  The concept is extremely simple.  Merchants on Aldelo Pay’s Interchange Plus Pricing Plan will pay for the Interchange Fees, Dues & Assessments, Association Costs as a pure pass-thru cost basis.  This means the merchant pay the actual Interchange related costs as incurred by Aldelo Pay.  Merchant also is responsible to pay for Processing back end’s American Express Opt-Blue PSF fees as well, which is pass-thru at cost.

So how does Aldelo Pay earn its income?  Based on the Aldelo Pay Interchange Plus Pricing Plan chosen, a small fee is assessed to the transaction in exchange for Aldelo Pay to provide value added products and services, as well as supporting its customers in processing credit and debit card transactions through its network.

Aldelo Pay’s Interchange Plus Pricing offers more transparency and cost savings.  As a merchant, you know you will always be paying an exact markup fee in exchange for the various value added services in return.  Interchange Plus Pricing is appropriate for all merchants seeking the best and most transparent rates possible.

What is the Simple Flat Rate Pricing?

For those merchants wanting to know their exact total cost for each transaction, and not subject to the Interchange Costs fluctuations, then Simple Flat Rate is the best choice.  The Simple Flat Rate Pricing Plan means just that, simple and flat when it comes to knowing its costs.  

Under Aldelo Pay’s Simple Flat Rate, the merchant will know their exact cost per each and every transaction without having to think about the Interchange Fees, Dues & Assessments, Association Fees, or the American Express Opt-Blue PSF Fees.  All these wholesale costs are absorbed by Aldelo Pay under the Simple Flat Rate.

Best of all, Aldelo Pay’s Simple Flat Rate does not penalize the merchant for accepting a keyed credit card transaction (unlike others that may charge a lot more for keyed transactions).  In addition, Aldelo Pay’s Simple Flat Rate Pricing Plan helps merchants save significantly with its Free POS, Free 24/7 Services and a host of many other free benefits to help you succeed.  (Monthly fees, Incidental fees do apply, please see merchant services agreement for full disclosure)