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We are constantly asked to have our merchant account shopped and I'm wondering if it can go much lower than it already is. We are at interchange + .0x. I find it hard to belive our processer is making much off the .0x. Or is it like the auto industry where they get a kick back of the interchange rate?
There are also overhead costs to set up a merchant account. If you are priced at interchange + 0 it is because you are so large that just being able to associate credit card processing with your company is worth the loss on the account.
If you are on interchange + 0% and pennies per transaction and you are not processing in the hundreds of thousands then I commend you for being an excellent negotiator.
[edited by: tedster at 7:44 pm (utc) on Mar. 15, 2009]