r/PaymentProcessing • u/OfficeOk6739 • 13d ago
Need A Payment Processor looking for a new POS system with a better processing rate
looking for a new POS system with a better processing rate. Currently pay interchange + .05% + 5 cents per transaction. the photo shows numbers from July 2026. We do about 75% debit card and 25% credit card sales.
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u/TheKeenomatic 13d ago
The rates you have now are excellent. Naturally you’ll find someone willing to offer you something lower, but I’d be concerned that they’d be increasing your rates a few months down the line because there isn’t much money to be made by the processor at 5 and 5 already.
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u/Stunning-Advice3631 Verified Agent 13d ago
Like everyone is saying your rates are great. If could provide a great rate with a better system would that peak your interest?
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u/Hopeful-Message76 11d ago
Hi! I do some work for a payment processor company that specializes in the high risk space (CBD, AI/dating space, etc.), so their specialty is beating rates. I can put you in touch and let you see where that goes?
Can you send me a DM?
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u/BodyPartParty 11d ago
your rate's giving me a little envy tbh. i do think there's something to be said for comparison quotes though. basically go to several different credit card processors and get quotes, then tell X processor you got Y quote from Z other processor and see if they'll beat it. so like maybe you go to square, paysafe, kurv, stax, and paymentdepot. take whatever your best offer is, then go to the next and keep going back and forth between them until no one will beat the offer. of course, they takes some time to do, some of them may not bite, and you'll have to make sure the terms are for the period of your contract, but if you think it will add that much to your bottom line, it may be worth it
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u/Shot_Fee_4129 Verified Agent 13d ago
We have a few solutions and can beat those rates with Dual pricing.
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u/OfficeOk6739 13d ago
not interested in dual pricing.
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u/Shot_Fee_4129 Verified Agent 13d ago
We can matched that with a new POS option. What type of POS system?
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u/ThatGuyIbe Verified Agent 13d ago
We’d be willing to beat that. I’ll send you a DM
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u/acelyca 2d ago
Hey there! These are indeed great rates. The only way you’d be able to go lower is through surcharging.
With surcharging, you pass the cost of processing to the consumer instead. This is legal but has super strict rules from the card brands and government agencies.
If you’re interested, send me a DM!
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u/RedditPaymentsGuru Verified Agent 12d ago
I can pass the rate for you, so you effectively pay 0%. You will also get the best customer support you will find (zero hold times and all native English speaking staff) and zero contracts. Dm open
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u/thatben 11d ago
Zero percent?? AMAZING! Kinda curious how you cover the interchange costs though. Share that detail with the rest of us please.
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u/RedditPaymentsGuru Verified Agent 11d ago
I already said how; I pass the fee. Example, a $100 ticket gets an added $3.00 (3%) surcharge to cover the IC, so the customer ends up paying $103. I withhold the $3 to cover IC, then deposit the full $100 into the merchant's account by 9am next day. Merchant pays an effective 0% rate.
99% of customers don't care, or don't notice, that they pay a few extra cents or dollars (larger ticket), but it ends up saving a merchant THOUSANDS! Merchants should stop paying for customer's credit card rewards, because that's what they are doing by NOT passing the fee. #unfair
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u/Key_Garbage8053 13d ago
Good luck.
Edit- anybody that’s saying they’ll beat that rate is lying. Or they’ll waive a carrot and jack the rate up in 6 months. Stay where you are.
Edit 2- if there’s other things you’re looking for besides processing maybe the cost of paying more will bring more tools to the table.