Credit Card Fees
NACS Card Processing Program (CPP) Details
The NACS Card Processing Program is designed to reduce card processing fees for convenience store and petroleum marketers.
Retailers who enroll in this program should receive reduced fees because of the processing efficiencies and the aggregation of their transactions with NACS members and others in the industry.
Who should care?
Why should you care?
-
Card payments have grown from 21% of transactions in 1995 to 49% today.
-
This trend is expected to grow to over 50% by 2010!
-
It costs merchants $6.6 billion (nationwide) to accept cards.
-
Increased card use for small transactions if eroding profits.
What will the NACS Program cost me?
-
Just Visa/MasterCard Interchange at pass-through and just over 6ยข for all transactions for NACS members!
-
No percentage rates, no fee-padding or hidden charges!
-
Can support standalone transactions
Other Program Pricing Notes:
-
Accepted card types include - Visa, MasterCard, American Express, Discover, Diner's, Online Debit, Voyager, Wright Express
-
Chargeback & Retrieval - $5
-
ACH Reject - $15, Debit Adjustment - $7.50 (both very rare)
-
On-line reporting, additional hardware available for purchase (or lease of equipment)
-
3 year Card Processing Program agreement with First Data, with 1-year renewals