Thanks for your input.
By discount rate I believe you mean effective rate. That would be the fees divided by your monthly.
Square model of 2.6% +.10 per transaction is easy to understand and that’s why they make over 1% on every transaction.
They run every card as a credit transaction essentially.
Interchange + the discount fee is the way to go if you don’t want to pay over 2%.
Discount fee is misleading terminology as it should be called markup fee.
If you run a debit with Square it would be 2.6%+.10
If you run a debit transaction on our platform it would cost around 1.25%
Credit would run around 2.1% with a markup of 30BPS.
Card types are important. A competent processor can look a statement and make improvements typically.
You want to take as many card present transactions as opposed to online because online rates will be around 2.90% +.30
I see “junk fees” all of the time.
It’s a confusing industry but I can simplify it.