For individuals individuals that are looking an easy and quick method to compare charge card processing rates, you might like to take a look at CardFellow.com.
CardFellow enables retailers to produce a “reverse auction” which forces charge card processors to bid for that merchant’s business.
Here’s a fast explanation of the items a reverse auction is…
A reverse auction is a kind of auction where the roles of consumers are reversed. Within an ordinary auction (also referred to as a forward auction), buyers compete to acquire a good or service, and also the cost typically increases with time. Inside a reverse auction, sellers compete to acquire business, and costs typically decrease with time.
Here’s how it operates:
- You develop an “auction” by supplying some good info regarding your business.
- Pre-screened charge card processors invest in your bank account.
- You pick the right bid.
Like I stated, fast and simple!
I believe the most crucial factor regarding their service offering is they pre-screen all their partners to make certain it normally won’t ding you with garbage charges or lock you into contracts. All participating processors have to give you interchange-plus prices with no data plans otherwise it normally won’t result in the cut. Pretty good whatsoever!
CardFellow is free to make use of, however they do get a “finder’s” fee from whoever you join. Complete the shape below to obtain began.