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Rainway

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The biggest cost is the interchange / discount fees - I believe those are universal regardless of processor right (cram-down charge from visa/mastercard/amex). For that cost, it varies by type of card used. Most customers of ours use their airline mileage card which is Visa Signature card... shows up as "V Sig Pref Retail"; interchange rate for that is 2.1% + $0.10/trxn.


I went through my local bank for processing. In addition to intercharge I pay $0.12/transaction for merchant auth and some other dues/assessments/discounts - some flat monthly fee others %'s and average 50-65% of what the interchange discount fees typically are.

All in between interchange and the other fees it averages 3.3% Then I have e-Xact fee each month for Hamilton Goldline ACW, etc.

What does TSYS charge?


Merchant Fees.gif
 

wyatt

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2.5% USAePay through WashCard
I have a couple washes with Washcard and they currently use Worldpay. I'm almost always over 5% just from Worldpay. Is the 2.5% an all in cost for USAepay? Do you have extremely high volume to get that rate? Feel free to DM me if you would rather not share on an open forum. Thanks
 

soapy

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I checked my Tsys charge last month on my Goldlines and the total all in rate was 4.78%. FYI Tsys recently changed who does the yearly PCI compliance. I have seen the non comliance rate rise from $49.99 per month a couple years ago to $81.99 per month for non compliance. Make sure you are PCI compliant!
 

MEP001

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I checked my Tsys charge last month on my Goldlines and the total all in rate was 4.78%. FYI Tsys recently changed who does the yearly PCI compliance. I have seen the non comliance rate rise from $49.99 per month a couple years ago to $81.99 per month for non compliance. Make sure you are PCI compliant!
If you're running dialup processing, you're 100% PCI compliant because dialup processing can't be intercepted. They should not be charging you for anything related to PCI compliance.
 

soapy

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Yes it is much easier to comply with dial up but you still have the questionaire to fill out.
 

MEP001

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You can opt out. It's not mandatory that you comply. I dealt with Tsys as a regular merchant, and yeah, they wouldn't accept that since we only had a dial-out terminal that we should be exempt from compliance, so we ended up filling out the questionnaire creatively.
 

cooll903

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but dial up is so slow when you want your guests, and your guests want, to get in and out as fast as possible. that time eats at their patience.
 

MEP001

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but dial up is so slow when you want your guests, and your guests want, to get in and out as fast as possible. that time eats at their patience.
Hamilton's Goldline is pretty fast since it starts the process as soon as the card is swiped. If you swipe and make your selection, you hear "Please wait while your transaction is processed," then barely 10 seconds after that it's done. Broadband interrupts the processing prompt, but still doesn't save a full 15 seconds.
 
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