Understanding merchant statements and lowering fees is a weird science and can be a hassle for many business owners and finance executives. ribbonPay allows businesses to have customized pricing on fees, lowering rates and saving money.
Lower your fees and increase your
bottom line.
What kind of fees can we potentially lower for you?
Transaction Fee
This portion goes to the processor, such as First Data or Global, and is usually expressed as a fixed fee per transaction, i.e., $0.04 per transaction.
Interchange Fees
These fees are reimbursed to the bank that issued the customer’s card and is usually expressed as a percentage of the transaction amount, plus a fixed fee.
Processor Fees
This portion goes to the service provider and may cover things like customer service, PCI compliance, chargebacks, and gateway and software solutions.
We use our 15 years of experience and expertise in Interchange and card processing fees to do a line-by-line analysis of a potential client’s merchant statement. We optimize the interchange qualifications, uncover hidden fees, and custom design a fee structure around the types of cards the business accepts most often, generating at least up to 50% in savings.