The rate costs come from MasterCard Management Services and Visa Management Services and are generally updated twice per year. The rates that you are charged is based on their individual MasterCard rate sheet and Visa rate sheet. Now you must add to that rate the percentage your processor tacks on for their commission. Did your sales representative ask how much they might add to your fee for their commission? If you were asked that
The rate costs come from MasterCard Management Services and Visa Management Services and are generally updated twice per year. The rates that you are charged is based on their individual MasterCard rate sheet and Visa rate sheet. Now you must add to that rate the percentage your processor tacks on for their commission. Did your sales representative ask how much they might add to your fee for their commission? If you were asked that