Credit Card Processing Vendors in New York

There are two main costs involved with credit card merchant services, equipment and the service charge.

Equipments - Equipment costs are fairly straightforward. Wireless terminals can be more expensive than those that transmit information over a phone line. You can choose to lease a machine or purchase one. Leases are usually as low as $20/month, but the cost will depend on the complexity of the machine.

Service Charges - The other major cost is the service, or discount fee. This is the percentage of each transaction that the provider charges for maintaining the account. The fee is determined by the amount of risk your business presents to the account provider.