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Payment Processor Tricks

The Top 5 Tricks & Misleading Techniques Used by Credit Card Processors

#1   Teaser Qualified / Non-Qualified Rates

Processors advertising rates "as low as" 1.00% are pretty common these days. Unfortunately since the payment processing industry has no advertising standards, what they don't disclose are all the assessment fees, mid-qualified and non-qualified charges tacked on top.

Ever see flights advertised for "$99" each way? Ever pay "$99" for those flights by the time you reached the checkout? Unlike airlines however, most processors bury these hidden fees in the fine print and go unnoticed until it's too late. You can learn more about tiered pricing here.

#2   PCI Compliance Fees

Many processors have recently started charging annual, quarterly, monthly PCI fees. Some will call these "Breach Coverage" or "Security" fees. Unlike most providers, our PCI program is already included in our monthly fee.

Deceitful Payent Processors

#3   Annual Fees

Instead of being upfront about the monthly cost of your service, many processors will bury some of their costs through annual fees. These fees usually range between $50-$200 and can be hard to spot, since processors only have to sneak these by you once a year. Most times they come in the form of an "IRS Reconciliation", "PCI Compliance" or simply "Annual Membership" fee.

#4   Monthly Minimums

Nothing says "We don't value small businesses" like penalizing them for not processing enough transactions. Unfortunately, most small merchants soon realize that their low monthly fee is actually quite high.

Processors place "monthly minimums" on the total fees generated from Visa/MasterCard transactions, meaning that if you don't process enough payments, you are paying for them anyways. To add insult to injury, some processors even call these "low achiever fees".

#5   Contract Cancelation Fees

Most processors have cancelation fees or early termination fees. Instead of providing a good service at a good rate to keep your business, they implement long-term contracts to try and deter merchants from switching to a more affordable provider.

Helcim is Different,
We Respect You and Your Business

You shouldn't have to be in a constant battle with your processor to avoid hidden fees and high rates. Merchants choose us because they feel confident that we appreciate their business and honor our long-term commitments to meeting their processing needs through great service and fair rates.

Daily Bank Deposits

Transparent Pricing & No Cancelation Fees

When you visit our website, you quickly realize that we operate differently than other payment processors. To begin with our complete rates are listed on our website.

We are also proud to offer month-to-month service on all of our processing solutions. There are no early-termination fees or contract closure fees to cancel your merchant account with us. We also never lock our merchants into a non-cancelable equipment lease agreement. Leases are expensive and lead to angry merchants and wasted dollars. Learn why you should avoid terminal leases.

Interchange Plus

Cost+ Pricing for Transparency

By passing the cost directly to you and only charging for a single markup, Cost+ pricing gives you significant savings while creating a very transparent arrangement with your processor (you know our cost and margin!) Learn more about Cost+!

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The Helcim name and logo are trademarks of Helcim Inc. The Visa and MasterCard logos are trademarks of Visa International and MasterCard International Incorporated. Other tradenames may be trademarks of their respective owners. Helcim is a registered MSP/ISO of Elavon, Inc. Georgia [,a wholly owned subsidiary of U.S. Bancorp, Minneapolis, MN]. New applicants are subject to conditions and approval of the application by Helcim and its partnering banks.