Orange, CA (PRWEB) September 25, 2013
Payment Depot is changing the way small businesses process credit cards forever. Until now, businesses have always paid a percentage to credit card processors in addition to the rate from Visa & Mastercard, but not any more.
Payment Depot offers plans as cheap as 10 cents per credit card transaction with no added percentage, so small business owners can save thousands of dollars by avoiding the markup on interchange rates that traditional credit card processors charge. For example, a business that processes $20,000 a month can save up to $4800 a year by switching to Payment Depot.
"Many people call us asking if it's too good to be true. They are so used to paying a huge marked up percentage on the Visa and MasterCard interchange rates, that it's hard for them to believe we will give them direct interchange rates without an added markup. We just don't think business owners should be paying a percentage of their sales to the processing company," states COO Randy Hayashi.
The credit card processing industry uses deceptive pricing tactics to hide how much profit is being made off the merchant, but for the first time ever Payment Depot offers straight forward plans starting at $20 per month and 25¢ per transaction with no hidden fees. The 10¢ plan costs only $60 per month.
Traditional card processors charge 1-2% on top of Visa and Mastercard network fees, which are actually as low as 0.5% on many card transactions. That means card processors have been making a huge profit.
"We only charge a few cents per transaction on our monthly subscriptions, so small businesses save a ton of money. Payment Depot is like the Netflix of credit card processing," says Randy. "Our subscriptions offer access to pricing that has been reserved for big box stores until now. We don't have to convince business owners to sign up once they realize that our offer is real."
For more information, call 877 876-8776 or visit http://www.paymentdepot.com.