Get Price Quotes from Credit Card Processing Companies

Choosing a vendor for processing your credit card transactions can cost or save you tons of money a year. A 120-seat restaurant with $2 mil in annual revenue, 80% paid on credit cards, could save you $25K a year if you trimmed only 1.5%. However, be careful of companies with lower than a 1% rate because Visa and MasterCard usually charges processers a fee greater than 1%.

Quick advice: ask to see an agreement and a typical monthly statement itemizing transactions upfront so you can see the fee structure. The contracts are always confusing and hard to compare prices since there is no single resource. To find out if you are getting the best rate, use our vendor matching tool to compare price quotes from credit card processing companies.