Are You Paying Too Much for Your Credit Card Processing? – Dental CPA Dental Accounting

Are You Paying Too Much for Your Credit Card Processing? – Dental CPA Dental Accounting

Have you noticed your credit card charges rising monthly? Most statements are hard to read and are meant to keep you in the dark. Each credit card used for payments has a certain wholesale cost that is paid to MasterCard, Visa, Discover, and American Express. Every credit card processor has to pay these mandated fees. The wholesale cost goes to the issuing bank. The cost difference is what the credit card company puts on top of wholesale. ......