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Newburgh, IN 47630
Competitive Credit Card Processing Rates
Oct 28, 2021
Competitive Credit Card Processing Rates
In each business transaction involving credit cards, processing fees take a bite out of the total profits. The average credit card processing fees range from 1.5% to 3.5% of each transaction, although the final percentage depends on a whole host of factors. If you are a business owner who wants to accept credit as payment, you should do all you can to understand and minimize credit card processing fees.
What is a credit card processing fee?
A credit card processing fee is simply the fee you have to pay to get proceeds from a credit card transaction. While your merchant account provider determines the actual fee, multiple entries will receive a portion of the funds you pay for every transaction. This fee can vary depending on the type of credit cards you accept, and they include three different layers of charges: interchange fees, payment processor fees, and assessment fees.Who decides on credit card processing rates?
Generally, there are three parties involved in credit card processing- the card issuer, the payment processor, and the card network. The card issuer is the financial institution that issues cards directly to clients. The payment processor is the bank that works in the background to securely process and complete a debit or credit card transaction. The card network is the means a merchant uses to receive payment. Nearly every business these days needs to accept credit cards and debit cards, but choosing a credit card company for your small business can be difficult. To select the best credit card processing provider for your business, you have to weigh your needs against the actual costs of accepting payment. The best one offers transparent and low pricing, little in the way of fees, flexible terms and the ability to expand as your business grows. We at Evolv, can beat your current processing rates. We offer top-of-the-line customer service as we evolv the way you do business. Contact us today to find the solution that is right for you.
Evolv has partnered with Ohio Association of Child Care Providers as a Preferred Vendor for Payment Acceptance and Digital Marketing solutions!
Evolv has partnered with New Mexico Orthopaedic Society as an Endorsed Partner for Payment Acceptance and Digital Marketing solutions!
Evolv has partnered with Idaho Outfitters & Guides Association as a Business Partner for Payment Acceptance and Digital Marketing solutions!
Evolv has partnered with Montana Outfitters & Guides Association as a Preferred Partner for Payment Acceptance and Digital Marketing solutions!
Evolv has partnered with Texas Tire & Automotive Association as an Endorsed Partner for Digital Marketing solutions!
Evolv has partnered with Louisiana Ambulatory Surgery Center Association as an Endorsed Partner for Payment Acceptance and Digital Marketing solutions!
Evolv has partnered with Louisiana Ambulatory Surgery Center Association as an Endorsed Partner for Payment Acceptance and Digital Marketing solutions!
Evolv has partnered with North Dakota Nursery, Greenhouse & Landscape Association as a Corporate Partner for Digital Marketing solutions!
NEWBURGH, Feb. 14, 2024-- With a clientele exceeding 16,000 businesses and an annual transaction volume of $6 billion, Evolv has gained the trust of over 25 independent sales offices across the nation. Following Evolv's investment in Kansas City-based Pro1611, the latter is now in the process of transitioning to Evolv KC. This strategic acquisition enables the combined entities to further enhance the Evolv infrastructure, bringing together two prominent distribution channels and fostering long-term growth prospects. “With acquiring an ownership stake in Pro1611 we are excited to expand our management bench and to staff a W2 sales force. This team will be utilized to expand our Agent and Referral bank program,” said Allan Noe, CEO of Evolv. Noe also announced that Jason Bahnson and Drew Smith will serve as Managing Partners at Evolv KC LLC. About Evolv: Since 1998, Evolv has partnered with banks, associations, and sales offices to provide top-tier payment acceptance solutions. As a multi-processor sales office, Evolv offers a robust lineup of products, including point-of-sale systems, gateways, terminals, and other payment acceptance solutions. In 2017, Evolv expanded its offerings by investing in a growing digital marketing agency VIV , now providing additional solutions like website development, social media management, and paid advertising. With a diverse suite of business solutions, Evolv is dedicated to its motto: increasing sales, reducing costs, and mitigating risks for merchants and partners. For more information about Evolv, visit poweredbyevolv.com. About Pro1611: Founded by Jason Bahnson and Drew Smith, Pro1611 quickly made waves in the community by prioritizing customer care and utilizing cutting-edge technology to help merchants thrive and streamline costs. Partnering with Evolv further fueled their success, leading to a natural next step: combining forces to create an even more impactful entity. "Our partnership with Evolv has been incredibly fruitful," says Drew Smith, founder and President of Pro1611." Together, we've empowered countless Kansas City businesses with the tools and guidance they need to reach their full potential. Joining forces as Evolv KC allows us to leverage even more resources and expertise, amplifying our positive impact on the entire region."
Evolv has partnered with Kentucky Association of Child Care Owners as an Affinity Partner for Payment Acceptance and Digital Marketing solutions!
