Boost Your Business with Clover Payment Processing Solutions.
How Salnan POS Helps Businesses Save on Payment Processing Fees
Salnan POS offers tailored payment processing solutions to help businesses reduce costs through three pricing models: interchange-plus for transparency, flat-rate for simplicity, and differential pricing for optimizing transaction fees. By analyzing each business's transaction patterns, Salnan POS ensures businesses save on processing fees while maintaining reliable service.
10/14/20243 min read
How Salnan POS Helps Businesses Save on Payment Processing Fees
In today's competitive business landscape, controlling costs is crucial for success. One of the most significant expenses for many companies is payment processing fees. At Salnan POS, we understand how these fees can add up, and we offer flexible payment processing solutions designed to help businesses save.
By working closely with businesses to analyze their payment structures and transaction patterns, Salnan POS tailors pricing models that align with your business’s unique needs. Below, we explore three common payment processing pricing models that we offer and how each can benefit your bottom line.
Understanding Your Payment Processing Options
1. Interchange-Plus Pricing
Interchange-plus pricing is one of the most transparent and flexible models available. With this structure, you pay the base interchange fee (set by the card networks like Visa and Mastercard) plus a fixed markup.
This model is ideal for businesses that value transparency and want to understand exactly where their fees come from. With Salnan POS, we make sure to identify the most cost-effective options based on your transaction volume and card types used.
Advantages of Interchange-Plus Pricing:
Transparent, itemized fees
Potentially lower rates, especially for debit and basic credit cards
Best suited for businesses processing higher volumes of transactions
2. Flat-Rate Pricing
Flat-rate pricing is straightforward and predictable, making it an attractive option for businesses that prefer simple billing. With this model, you pay a consistent percentage for each transaction, regardless of the type of card used.
This option is great for small businesses or those that don’t want to deal with the complexities of varying fees. Salnan POS works to provide a flat-rate plan that’s competitive and tailored to your specific business needs.
Advantages of Flat-Rate Pricing:
Simplified pricing with predictable costs
Easy to budget for monthly expenses
Ideal for smaller businesses or those with low transaction volumes
3. Differential (Tiered) Pricing
Differential pricing, also known as tiered pricing, organizes transactions into categories—such as qualified, mid-qualified, and non-qualified—based on the type of card used and how the transaction is processed. Each tier comes with a different rate, allowing for lower fees on standard transactions while higher fees may apply for more complex transactions (like rewards cards or key-entered transactions).
Businesses that frequently process qualified transactions, such as standard debit or non-reward credit cards, can see significant savings with this model. At Salnan POS, we help you optimize this structure to ensure you’re getting the best possible rates based on your specific transaction types.
Advantages of Differential Pricing:
Lower fees for standard transactions
More control over costs based on transaction types
Suited for businesses with a higher proportion of qualified transactions
Why Choose Salnan POS?
Salnan POS doesn’t just offer payment processing solutions—we partner with businesses to find the best strategies for minimizing processing fees. We prioritize transparency and work closely with you to ensure you’re on the right pricing model for your specific needs. Whether you’re looking for transparency with interchange-plus, simplicity with flat-rate pricing, or savings with differential rates, our solutions are tailored to help you save money and improve your business's financial health.
Our proven methods have helped businesses across Canada reduce their processing costs, leading to increased profitability and better financial control. If you’re looking for a reliable partner to help streamline your payment processing, reach out to Salnan POS today and learn how we can make a difference for your business.
Contact Salnan POS to explore our offerings and discover how we can help you save on payment processing.
Address
2010 Winston Park Drive, Suite #200, Oakville, ON L6H 5R7
We take customer privacy seriously and do not sell or give out any customer information. We do not keep a mailing list nor distribute a newsletter.
Copyright ©2021 Salnan POS
Salnan POS is a Registered MSP/ISO of the Canadian branch of U.S. Bank National Association and Elavon. Salnan POS is also a First Data Canada Ltd. Partner and Registered MSP/ISO of Wells Fargo Bank, N.A., Canadian Branch, Toronto, ON, Canada.