Use TransFS to Get The Best Deal on Interchange Plus Credit Card Processing

TransFS runs a reverse auction on your behalf to get you the best deal on financial services for your business. TransFS is free and allows you to compare bids from dozens of qualified credit card processors.

The bids are binding, preventing extra or undisclosed fees. All bids are for next-day-funding and include no initiation or cancellation fees, so you can compare apples-to-apples.

Rationale Behind Interchange Plus

Big companies like Walmart and Best Buy negotiate their credit card processing agreements on an interchange plus basis. Interchange Plus is where, instead of you processor categorizing each transaction into a category such as “Qualified” and “Non Qualified”, they pass along the costs that Mastercard and Visa charge them (which are called Interchange) along with a small markup.

Savvy business owners know that interchange plus is usually a better deal because it leaves less room for manipulation of the fees.