Different credit card processing services have their own rates and fees. Typically, credit card processing companies have two types of pricing: tiered-pricing and interchange pricing. With tiered pricing, the credit card processing service will charge different fee levels for each transaction. Typically fees break down credit card according to different rates for credit and debit cards. With interchange pricing, merchants pay a flat fee plus a small fee for each transaction. \
The cheapest option really depends on the business. Businesses should consider certain factors such as the size of the business, whether or not you operate in a brick-and-mortar establishment or sell online, etc. Using our side by side comparison, you can view the different pricing and features of top credit card processing solutions to find the best rates for your business.