Fall 2016 Interchange Update - An Excuse To Charge You More

Typically twice a year Visa & MasterCard will make changes to some of the interchange fee schedule.  Most years it only will effect a very few categories. If you are not with the right credit card service provider, they will use it as an excuse to adjust your rates and fees higher. They will say Visa or MasterCard went up so we need to charge you more. 

If truth be known, it doesn’t impact your account, however, in the fine print you signed, they have the right to charge you more. If an account set up as an interchange plus arrangement, you should not get an increase because of interchange adjustments. I have attached some recent example.
Let us help you.  We can review your account with no obligation to determine your savings with our pricing model eliminating the junk fees others will charge you.

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Central Payment Increases Jan 2017

​If you have questions about this subject or other concerns related to Point of Sales Systems or credit card processing, contact us anytime via email info@firstcoastpayments.com or call us at 904-567-8612