| It seems like credit card processing calculators are | | | | What I can't decide is if the creators of these |
| becoming more and more popular everyday. At first | | | | calculators ever intended them to be useful tools or |
| glance, the idea of these calculators seems great. | | | | not. After all, there are so many variables that go into |
| They are often presented as a tool that will allow | | | | a single transaction that creating a credit card fee |
| business owners to see how much they should/could | | | | calculator that produced an accurate output would be |
| be paying for their monthly credit card processing fees. | | | | nearly impossible. I find it very odd that there are |
| But how accurate are these calculators? | | | | hundreds of interchange categories that a transaction |
| Being in the industry as long as I have, I have had the | | | | could be considered, yet most online calculators |
| opportunity to review and use several different | | | | assume the lowest qualified rate. |
| calculators. Every time a new one comes out I | | | | With all the advances in technology it is feasible that |
| approach it with excitement and hopes that this will | | | | we might someday have the luxury of an accurate |
| make my job easier. Unfortunately, this is never the | | | | credit card processing fee calculator. But until that day |
| case. It has been my experience that the online rate | | | | comes, it's best to put your trust and your credit card |
| calculators are more of a marketing item designed to | | | | processing in the hands of a reputable merchant |
| collect prospect data than anything else. | | | | service provider. |