Merchant fees or cost broken into 4 parts.
How to save money in processing
The first place to look would be at the largest costs to you which are the issuing fees. There are many things which can be done on the merchant's side to reduce the issuing bank's costs. If you, or your software company, understand the best Data Element 18 to use or how the discretionary item in Data Element 35 or 45 needs to be set, then you can achieve the lowest risk and thus have the lowest rates. If you don’t understand, you have a lot of company, but no need to worry we will help you with that.
The second place to look would be the software cost. Since JetPayi5 furnishes you its software for free selecting JetPayi5 as your software provider saves you 100% of the software and connecting costs. A very big advantage indeed!
- Offer one of the lowest Merchant's cost
- Understands how to send data and set up the Data Elements which provides you with the greatest savings for processing
- Has no maintenance fees
- Has a direct connection to MasterCard, Visa, and others. There are no middlemen and this reduces your costs
- Keeps their software current whenever MasterCard, Visa or other card associations quickly change their specifications