InterchangePlus or RateFree What Is The Difference?
InterchangePlus
There are two things you need to accept credit cards, a Merchant Account and a Processing Solution. A Merchant Account can only be issued by a Visa and MasterCard authorized Bank or authorized sales group. A Bank issued Merchant Account shows your business name on the credit card statement of the cardholder. Our discount rates are fixed rates, this means that we are not going to increase your rate after you sign-up, unless Visa and MasterCard increase rates for all merchants.
With an InterchangePlus account, you simply pay 0.20 + 11¢ on the wholesale Interchange rate from Visa, MasterCard and American Express. This is guaranteed to be the lowest rate across the board from any service or we will beat that rate by 10%. InterchangePlus is the best way to price a merchant account. InterchangePlus is usally reserved for major corporations because of the saving that results by having a wholesale direct cost. The more common type of merchant account is “Three Tier” pricing and can cost merchant’s many times more. With tiered pricing some merchant account providers can take advantage of the fact that you can’t exactly compare their pricing to each other and play tricks such as marking up the downgrades, inconsistent tiered, mid qualified and non qualified.
For more details on how you can save so much money with InterchangePlus just select the option above.
RateFree
With a RateFree account, you simply pay no discount rate percentage and no transaction fee. That is it. Zip, Zilch, Nada, Zero, you pay no other rates or transaction fees. We have formed this the RateFree organization with one premise in mind, to completely eliminate the rates businesses pay to accept credit cards. We have a 100% success rate with even the smallest businesses to very largest businesses. RateFree is built on a relationship you can count on with over 30 years in payments. RateFree was formed for merchants by merchants to find ways to compete with very large national companies that have undercut the ability for local business to compete. RateFree.org levels the playing field.
Calculate how much you spend each year to accept credit cards. What if you could reinvest this into your business and lower your prices. This is one of the simple reasons RateFree’s unique program has the potential to be the most important change you can ever make in your business. We take care of all regulatory issues so your business is fully compliant with our exclusive patented system only available with RateFree.org with your credit card user charged a flat rate of just 3.95% (US Patents #US 8,131,619 / US Patents #US 8,423,439 / US Patents #US 8,478,689 ). Simply put there is no other merchant program like this in the country.
For more details on how you can save so much money with RateFree, just select the option above or you can visit our RateFree.org site for details.
NO APPLICATION FEES
All of our programs have no Application Fees or setup fees. The savings on just the application fee alone is quite large (some are as high as $500). Many of the startup fees are hidden in other provider contracts.
NO ANNUAL FEES
All of our programs have no Annual Fees. The savings on just the application fee alone is quite large (some are as high as $1500). Many of the annual fees are hidden in other provider contracts.
NO HIDDEN FEES
All of our programs have no Hidden Fees. What we quote is what you pay, clear and simple. Many of the providers have hidden fees in their contracts.