(800) 421-9366

Zero Fee Credit Card Processing

What is Zero-Fee or 'No Cost' Credit Card Processing?

No Fee Credit Card Processing

As discussed in our breakdown of credit card processing fees, transactional fees are often the biggest cost or any merchant account - specifically the interchange reimbursement fees. These fees are often non-negotiable and are set by the credit card processor, credit card association, and card issuing bank. However, some banks are now offering a "zero fee" processing solution as a way to further lower the rates and fees associated with a high risk merchant account.

What is Zero-Fee Processing?

Zero-Fee credit card processing is a unique processing solution where the credit card fees are automatically passed to your customers. Instead of a company paying the service fee assessed for each transaction, your customers pay those fees.

Passing the processing cost onto the customer is a practice known as 'surcharging credit cards' and is not new by any means. Most credit card processors already have this option available though it often requires you to handle each part of the set up. However, with a zero-fee credit card processor like Zeno Payments, we'll handle all aspects of the set up for you, from notifying the credit card associations and banks to filling out the associated forms.

Is is really 'no cost'?

Well...not exactly.

With zero-fee payment processing, most of the cost will be covered by your customers. However, there may still be some costs to you including flat fees (monthly fees, PCI compliance fees, payment gateway fees) and/or incidental fees (charge back fees or batch fees).

What does zero-fee processing cost my customers?

The charges that your customer receives will vary by your credit card processor but cannot be greater than 4% of the transaction.

If you'd like to find out how we can reduce your credit card processing fees with a zero-fee payment processing solution, get in touch with us!

Get In Touch

Other Articles

Take Credit Card Payments Online
Take Credit Card Payments Online

Learn about the hurdles you'll face to take credit card payments online and how to get started.
Learn More

No Fee Credit Card Processing
High Risk Merchant Accounts & Chargebacks

Do you know what a chargeback is? Or what to do when you get one and why they're so important?
Learn More

Collections Credit Card Processing
Credit Card Processing Fees

Because fees can affect your business so much, we think it's important that you understand the ins and outs of credit card processing fees.
Learn More

Collections Credit Card Processing
What is A Rolling Reserve?

Do you know what a rolling reserve is and how it may affect your business?
Learn More

Collections Rolling Reserve
Collection Agencies & Merchant Accounts

Learn how industry reputation makes it so difficult for collection agencies to get a merchant account.
Learn More

Ready To Get a Merchant Account?

Contact Us