What are Interchange Fees and How can Merchants Fight Back Against Them

Swipe4free21 Oct, 2022Finance

All merchants who accept credit and debit cards should be familiar with interchange fees, and that?s because interchange fees are a costly expense that significantly reduces a merchant?s bottom line. Interchange fees in the US are higher than anywhere else in the world, and last year Visa and Mastercard quietly yet significantly increased their interchange fee rates, a change that?s expected to yield them an additional $1.17 billion per year. Interchange fee rate increases may be good for large payment processing companies, but they greatly affect merchants and sometimes make a would-be profitable merchant unprofitable. However, there are things a merchant can do to get out from under the bootheel of interchange fees.

Why More Young Adults Use Credit Cards | Swipe4Free

Swipe4free22 Apr, 2022Finance

Why Young Adults Are Flocking to Credit Cards in Greater Numbers Take a trip to any mall in America and you?ll see that many of the shoppers are young adults. This segment of shoppers likes to spend money, and often the money being spent isn?t even theirs. According to a Bankrate survey from January of 2021, 50 percent of individuals ages 25 to 31 own at least one credit card. That survey also found that over a third of individuals ages 18 to 24 also have at least one credit card. These are all percentage increases, as in 2016, Bankrate found that just 33 percent of individuals ages 18 to 29 owned a credit card.

How To Reduce Credit Card Processing Fees

Swipe4free15 Sep, 2020Business

Ever wonder why there are so many different merchant services and payment solutions willing to help you reduce credit card processing fee? The reason is because it can be a lucrative business. Every time a credit card is swiped and processed there are a handful of companies (issuing bank, credit card company, merchant, ISO, merchant account provider, security providers, etc) that take their respective cut.

Zero Fee Processing - The Future Of Credit Card Processing

Swipe4free11 Sep, 2020Business

Zero Fee Processing has proven to be the best processing platform for business owners and has been a crucial necessity during the COVID-19 pandemic. Small businesses who implement Zero Fee Processing save the cost that traditional processing would normally be charging them by eliminating their credit card and debit card processing fees.

Swipe4Free No Fee Credit Card Processing - Social Distancing

Swipe4free09 Sep, 2020Business

Keep your staff safe and your customers safe by accepting contactless payments with the addition of Swipe4Free�s no fee credit card processing platform. Contactless payments allow you and your staff to process payments without having to physically touch the customers card.

Free Credit Card Processing for Small Business

Swipe4free08 Sep, 2020Business

Swipe4Free is the nation�s number one cash discount and surcharging platform. We provide free credit card processing for your business with a non-cash charge to cover interchange costs, authorization costs, transaction costs, and support for our merchants.

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