Wholesale Interchange Processing Plus

Christian Mobile Point of Sale Systems

Save a life by switching to Pro-Life Payments where 15% of our gross revenue is designated to saving the lives of babies in the womb.

  • Rate match promise
  • Free point-of-sale equipment and/or credit card terminal
  • Month-to-month agreements
  • Up to $295 to buy you out of your existing contract
  • Next-Day or Same Day Funding

Are you looking for a better method to accept Christian Mobile POS Systems payments?

Do you ever see your rep or even hear form your processor?

When was the last time you got a rate review?

Do you want to learn more about credit card processing and Christian Mobile Point of Sale Systems or do you just want to see results!

Our Mission Is Infused with our Christian Values

Pro-Life Payments also actively works to save the lives of babies in the womb. We donate 15% of our gross income to pro-life causes. We are a Christian company with conservative values. When you transact business with us, you can also support the gift of life.

Outside of the cash discount and zero-cost processing programs at Pro-Life Payments, we also offer some traditional processing methods. We only offer three traditional credit card processing programs; interchange-plus, flat rate, and flat-cost. We don’t offer all pricing methods because they only benefit the processor or sponsor bank, such as the multiple-tiered method, which was originally designed to confuse merchants and maximize profits by the unnecessary bundling of card types. Our Christian mobile point of sale systems are different.

What is this Wholesale/Interchange-Plus Pricing program all about?

Interchange costs are defined as…. “In credit card processing, the interchange is the money transferred from the acquiring bank to the issuing bank for each bank card transaction. Interchange fees account for the bulk of the costs associated with a credit card or debit card transaction. These processing costs are established by the card brands (Visa, MasterCard, Discover) of open-loop processing systems.” Want to learn more about our Christian mobile point of sale systems? We hoped you might!

Interchange tables are set forth by Visa, MasterCard, and Discover twice a year in order to categorize and set the pricing for each individual card type that is available to the public. These cards include debit cards, EBT cards, airline cards, rewards cards, corporate cards, store-branded cards; again, every card is available to the public. Each card is provided an interchange price or value (e.g., the current regulated debit-card interchange rate is 0.05% + $0.22) more easily recognized as the wholesale cost of the card.

Now that you understand what interchange is, you can quickly grasp the concept of wholesale/interchange-Plus Pricing with a Christian point of sale system.

Processors and banks simply markup the percentage and cent value of the interchange cost dictated from the card brands.

e.g. A common industry price is .50% (50 basis points) & $.10 (10 cents) above interchange.

Benefits of Wholesale/Interchange-Plus Pricing

The benefits of this method of credit card processing pricing with Christian mobile POS systems clearly lie in the blatant transparency. So, no matter what card the business owner accepts, the processor’s up-charge is fixed and never changes. This means the business owner can literally calculate the gross profit of his or her processing provider. This allows the merchant to make better-informed decisions about the brevity or longevity of their current merchant processing situation. Now, if a merchant was on tiered rate% pricing and flat rate% pricing, calculating the processor’s profits in this same manner would be next to impossible.

Cons of Wholesale/Interchange-Plus Pricing

Theoretically, there are no cons to this Christian Point of Sale Systems pricing model, however, greed has a natural tendency to infect and corrode everything it touches and over the years, this nasty vice has gripped the wholesale/interchange-plus pricing model and all but soiled its original intent. Since processors were unable to generate substantial profits when utilizing this method, they started to willingly engage in degenerative behavior.

These con men started to “pad the interchange tables”. Meaning they would illegally manipulate the cost of interchange to offset their hypothetical profit loss. That’s not how our Christian point of sale systems work

So, the moral of this tale is…wholesale/interchange-plus pricing looks great on the outside, but it’s what’s inside of the processor that matters. We only work with vetted industry professionals at Pro-Life Payments so nightmares like this never happen under our watch. With our Christian point of sale systems, you can relax—and save more of your hard-earned dollars.

Contact Pro-Life Payments to get to know our Christian mobile POS systems. Did you know that we also offer a $300 cash migration bonus? Find out more about our month-to-month agreements and free POS equipment too!

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