Health & Fitness
Qualified, Mid Qualified, None qualified Discount Rates- Why not wholesale rates?
Its that time of year when rates go up!! Effective October 1, 2012, discount rates maybe going up!
If your looking at your statements and see all this then chances are you are set up on whats called tiered pricing. For years its been a great way to be priced, especially for agents, and banks because it is always been a gold mine for easy manipulation. Anyone that knows me and are my clients are set up on whats called straight pass through IC PLUS. Its as simple as the wholesale rate that Master Card , Visa, etc charges the processor along with a very small mark up that the agent ISO charges. That small mark up is now your discount rate. This is how home depot etc are all set up and have been for years. Finally banks took time to learn this pricing structure and that is why they can say they will pay you $500 if they can not beat your rate. Funny thing is its not always about the discount rate, it about the business category your in,.. that's another blog anyway. Banks such as Bank America have a long time till they can honestly say they are experts. Please give me a call and I will be happy to get you on the right path and relieve you from any uncertainty. References on request.
