Credit Card Processing Co. today announced the launch of its free quote and comparison service for U.S. businesses that want to reduce credit card processing costs. Business owners answer a few quick questions about their business type, payment methods and monthly volume. They're then matched with partner payment-processing providers that may offer cash discount, dual pricing or low-rate programs, depending on the business's eligibility.
Credit Card Processing Co. says it helps small businesses review processing fees, a cost some merchants may not regularly compare. Some restaurants, salons, auto repair shops and retailers may pay substantial card-processing fees, depending on their provider and pricing arrangement, usually under tiered or flat-rate pricing that's hard to read on a monthly statement. Credit Card Processing Co. was built to make those costs visible and give merchants a simple way to compare better options.
"Most business owners don't know what they're actually paying to accept cards, and they don't have time to shop around for a processor," said Chad Buchanan, founder of Credit Card Processing Co. "We made it simple. Tell us about your business once, and providers may offer options that could lower your fees. Depending on program design and applicable rules, cash discount or dual pricing programs may reduce merchants’ processing costs."
How Credit Card Processing Co. works
Answer a few questions. The quote form takes about 60 seconds and covers business type, payment methods and monthly volume.
Get matched. Partner providers offer options including cash discount, dual pricing, surcharging, interchange-plus and flat-rate pricing.
Compare and decide. Merchants can compare offers before deciding whether to switch. There's no cost and no obligation.
Under some cash discount or dual pricing programs, card and cash prices may differ; availability and rules vary by state and business type, and providers confirm final pricing.
Services and industries
Through its partner network, Credit Card Processing Co. helps businesses compare options for:
Lower credit card processing rates
Set up cash discount and surcharging programs
Find POS systems and free terminal options
Open new merchant accounts, including for startups
Explore high-risk merchant account options
Set up ecommerce payment gateways and fraud tools
Free tools and guides for merchants
The site has free tools so business owners can check their costs before requesting a quote:
Credit card processing savings calculator: Estimates savings from interchange-plus or a cash discount program, based on monthly volume and current fees.
Effective rate calculator: Shows a merchant's true processing rate.
Merchant guides: Topics include how to lower credit card processing fees, how to read a merchant statement, what a good effective rate is, interchange-plus vs. flat-rate vs. tiered pricing, and Square vs. Clover vs. Toast for small business.
Businesses can request a free credit card processing quote in about 60 seconds.
Credit Card Processing Co. (creditcardprocessingco.com) is a free credit card processing quote and comparison service for U.S. businesses, funded by partner providers rather than merchants. The company connects merchants with partner payment-processing providers so they can compare processing-fee options, set up cash discount and dual pricing programs, provide POS systems and open merchant accounts, including for high-risk businesses. Credit Card Processing Co. does not process payments itself. Savings estimates are not guarantees, and program availability varies by state and business type.