Rates & Fees for Basic Retail
Retail Program
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The Interchange Rate schedule contains hundreds of credit and debit card types. Most MSP’s will round up these costs by placing all card types into two or three tiers, commonly known as qualified, mid-qualified and non-qualified. With this model, a very small percentage of sales meet the qualified rate criteria, due to the prevalent usage of business-issued cards and cards with rewards programs.
With our “Cost Plus” model, a small, constant margin is added to every Interchange Rate card type, resulting in the lowest overall rates, since card costs are not rounded up into tiers. For instance, a debit card cost will not be rounded up to a credit card cost, so you will pay a lower rate on debit cards.
In addition to offering this fair and cost-effective pricing model, we are the ONLY Merchant Service Provider we are aware of that fully discloses all rates and fees:
| Typical Card Types | Visa | MasterCard | |
| Regulated Debit Card from bank with > $10B in assets |
0.42% | 0.42% | |
| Non-Regulated Debit | 1.31% | 1.41% | |
| Credit | 1.90% | 1.94% | |
| Rewards / Keyed Transactions | 2.01% | 2.23% | |
| Business | 2.46% | 2.71% | |
| Debit Transaction Fee | $0.31 | $0.31 | |
| Credit Transaction Fee | $0.20 | $0.20 | |
| Discover no setup fee! |
Rates comparable to Visa/MasterCard | ||
| American Express no setup fee! |
Retail | 2.98% + $0.20 | |
| Healthcare | 2.55% + $0.20 | ||
| Restaurant | 3.50% + $0.20 | ||
| Batch Fee | $0.20 | ||
| Monthly Fee, includes customer support | $10.00 | ||
| PCI Compliance Monthly Fee | $6.95 | ||
| Monthly Minimum | None! | ||
| Application Fee | None! | ||
| Annual Fee | None! | ||
| Early Termination Fee | None! | ||
MasterCard Network Access Brand Usage (NABU) fee of $0.02 or Visa Network Access fee of $0.02 per transaction is passed through at cost. Other fees due to late processing, insufficient funds in your checking account or chargebacks may apply.
Program rates and fees are current as of January 16th, 2012 and are subject to change with industry changes.
Retail Equipment
In addition to providing you with a card acceptance account, we are happy to provide you with the equipment you need to take non-cash payments. Below is a sample of some common terminal options:
| Equipment | Sale Price | 3 Payments | |
| Wired | Hypercom T4205 (dial up) |
$225 | $75/mo |
| Hypercom T4220 (IP) |
$295 | $98/mo | |
| PC-based | PC Charge™ | $345 | $125/mo |
| Card Reader | $125 | n/a | |
| Authorize.Net Virtual Point of Sale |
Setup Fee Monthly Charge Transaction Fee |
n/a |
We are confident that our pricing model, practice of full-disclosure and caring service will provide extraordinary value for your business. At the core of our mission, however, is the desire to give back to the community of organizations that work to support a just and sustainable society. To support this belief in social responsibility, we donate 10% of processing profits to charitable organizations, and allow each customer to choose their own beneficiary.
By operating as a certified green, socially-responsible company, Dharma Merchant Services has chosen a unique path in providing the valuable and necessary service of payment acceptance accounts. We hope that you will respond to our “right way” approach by choosing us as your merchant service partner. To get started, just give us a call and we will guide you through our application.
We look forward to hearing from you!
