Your store absorbs $16,200 in card fees a year.
That is your own volume at your own rate — we have not quoted you anything. It is simply the cost that lands on the store today, and it is the cost Vendor Choice Pricing is built to move.
Change either one and the figures follow.
Not sure of your effective rate? Take last month’s total processing fees — every line on the statement, not just the discount rate — and divide by last month’s card volume. That is the number that matters, and it is almost always higher than the rate you were sold.
your volume · your rate · nothing quoted
Vendor Choice does not make the fee disappear. It stops it landing on the store.
Card processing costs money whoever runs the register. The question is who carries it — and in most multi-vendor stores the answer is the owner, on every card sale, for every vendor, including the ones who refused dual pricing.
Vendors who participate
Their card fees are covered through card pricing at the register. One price on the tag, an automatic discount for cash, and the offset shows up in the Dual-Pricing Savings Report rather than in your bank balance.
Vendors who opt out
The item’s normal price applies on any tender. When their merchandise sells on a card, the applicable fee is charged to that vendor’s ledger — not to the store that had nothing to do with the decision.
What the number above is, and is not. It is what your store pays in card fees today. How much of it moves depends on how many of your vendors opt in, and your real rate depends on your store type, volume and setup — which is why we do not publish one. Bring a recent processing statement to a demo and we will read it with you.
Bring the statement. We will read it with you.
15,000+ vendors already running on Syncrostore
The figure above is your own arithmetic. On a call we run your real price points and your real processing statement through it — including the Tag Calculator, so you can see exactly what your labels would say.