Interchange Pass Through

1st Financial Merchant Group primary goal is to educate the merchant with interchange pass through. Most business owners would agree that the fees for credit card processing are too high. Most ISO/ISA (independent sales organization/ independent sales agent) would have you believe that it's not them but the Banks, Visa and MasterCard to blame for the high fees. However, the truth of the matter is, interchange rates and processing fees are very affordable. It is when the ISO or Agent manipulates the interchange categories with padded fees and non disclosing 3-tier pricing structures like Qualified, MidQualified, NonQualified that interchange fees then are expensive. 1st Financial Merchant Group is determined in changing the credit card processing industry one merchant at a time. Through education in the intricacies of interchange pass through, a full disclosure policy and superior processing service we guarantee to be the last processor you will ever need.

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Click Here to View the 2008 Paymentech Interchange Chart

 

BASE RATE FOR INTERCHANGE 

RETAIL

VISA	RATE	MASTERCARD	RATE
CPS CREDIT	1.54% + .10¢	MERIT III CREDIT	1.58% + .10¢
CPS CHECKCARD	1.03% + .15¢	MERIT III CHECKCARD	1.03% + .15¢

RESTAURANT

VISA	RATE	MASTERCARD	RATE
CPS CREDIT	1.54% + .10¢	MERIT III CREDIT	1.58% + .10¢
CPS CHECKCARD	1.19% + .10¢	MERIT III CHECKCARD	1.19% + .10¢

CARD NOT PRESENT

VISA	RATE	MASTERCARD	RATE
CNP CREDIT	1.85% + .10¢	MERIT I CREDIT	1.89% + .10¢
CNP CHECKCARD	1.60% + .15¢	MERIT I CHECKCARD	1.64% + .15¢

 

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ADDITIONAL FEES THAT COULD ACCRUE, BUT ARE NOT LIMITED TO: SALES DISCOUNT, INTERCHANGE SURCHARGES, TRANSACTIONS / AUTH FEES, VISA MASTERCARD ASSESSMENT FEES AND DUES.