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Pricing and fee rates in the payment processing industry are often a confusing jumble.

Rates & Pricing Method

Simplifying Payment Processing

The payment processing industry is not always the most straightforward and transparent. In fact, aspects of the business can often be downright confusing. Lots of processors out there over-complicate their rate structures, their pricing plan, and even the setting up of the payment processing system itself. But, we’re here to tell you, the industry does not have to be this complex.

Rates & Pricing Method - Interchange Fees

Interchange Fees

Interchange Fees are set by the card network (Visa, Mastercard, Amex, Discover) for processing a debit or credit payment.


Rates & Pricing Method - Assessment Fee

Assessment Fees

As a merchant, in order to accept credit or debit cards from the major networks, a fee is charged in the form of a flat percentage rate on transactions.


Rates & Pricing Method - Markup


Every time a transaction is processed, the payment processor will charge a markup fee in exchange for using the processing service.



Bank of Merchant Rates & Pricing

When it comes to rates and pricing, a lot of companies take a mysterious and sometimes deceptive approach. For instance, they’ll charge merchants a flat rate but leave it cloudy as to exactly where your money is going. Or there’s the old trick of hidden fees. You thought you were paying one amount and then your bill comes with all sorts of new charges on it.

At Bank of Merchant, there are no tricks and no surprises. You always know exactly what you’re paying for. Plus, you don’t have to sign a contract and can even apply for free!

Non-Processor Fees

In order to accept credit or debit cards as payment at your business, there are specific fees that must be paid. The rates on these fees come directly from the Issuing Banks and the Credit Card Networks. Merchants must pay these fees for every customer transaction made. It’s important to note, these fees are in no way associated with us at Bank of Merchant. They are independent of us and that’s why they are termed Non-Processor Fees. They include the following:

Assessment Fees: The Credit Card Networks set these percentage-based fees. You can read more about them here!

Interchange Fees: The Issuing Banks (the banks that issue credit or debit cards to cardholders) charge these fees. They vary based on the factors of your business. Learn more about these fees here!

A comprehensive and deeper look at the full variety of payment processing fees can also be found here.

No Extra Fees with Bank of Merchant

  • No Set-Up Fee
  • No Contract Fee
  • No Cancellation Fee
  • No Monthly Fee
  • No Annual Fee

In fact, Bank of Merchant only charges one fee for payment processing. We charge this fee as a percentage of your customer’s transactions. But, we are always transparent with our pricing model, we’re not trying to hide anything. We’ll give you a detailed breakdown of your payment processing fees so you always know where your money is going!

Work With Bank of Merchant

At Bank of Merchant, it’s our mission to offer the industry’s best payment processing services. With our customer-centric approach, our cutting edge tools, and personally designed systems, we’re the ideal partner to take your business to the next level. With us, you’ll never have to worry that we’re trying to gouge you with hidden fees. In fact, when you choose Bank of Merchant, you’re choosing to slash your processing fees by 50%.

Contact our team at Bank of Merchant today to learn more about our pricing and rates!

Straightforward and transparent pricing with Bank of Merchant.