Credit Card Processing Cambridge MA

Accepting your customers credit cards is more complicated then it looks. With so many different banks around Cambridge and third party merchant providers offering credit card processing solutions it helps to have a concise overview of the various transaction fees, discount rates and technologies to consider.


1. Local & National Companies

Merchant Warehouse
866-599-3217
Cambridge, MA
Merchant Warehouse
866-599-3217
Boston, MA
Acceptance Credit Card Services
(608) 233-7008
Phoenix
Madison, WI
Processing Solutions
(770) 447-0500
3200 Cobb Galleria Pkwy
Atlanta, GA
North American Bancard
(260) 668-3053
2990 N Wayne St
Angola, IN
Acme Commerce Corp
(516) 357-8866
666 Old Country Rd Ste 400
Garden City, NY
American Bankcard
(301) 230-2485
Rockville, MD
Paymentech Llc
(407) 771-4082
287 International Pkwy
Lake Mary, FL
First Payment Systems
(305) 260-4442
8735 SW 116th St
Miami, FL
Schad Richard F Investments
(609) 390-2220
50 Run Creek Rd
Marmora, NJ


2. Credit Card Processing - Info


Whether you conduct business online, offline in Cambridge or both you will at some point consider accepting credit card payments from your customers. The decision to allow credit card payments may be a simple one; however, selecting a merchant account provider is complicated and can have a real impact on your business not to mention your bottom line. Unfortunately, not all merchant accounts are alike. You’ll soon learn that providers have different approaches to rates, fees, limits, not to mention customer service – and finding the right match for your business is critical. The remainder of this guide will break down the process and key considerations to enable you to find the right solution.

3. How Credit Card Processing Works

How Credit Card Processing Works
Without getting too detailed and caught up in all the possible exceptions, here’s what happens when a credit card is processed:

1. Merchant processes card with a point of sale unit or via software if online.

2. Data is transmitted (card info, sales amount) to the “acquiring” bank.

3. Acquiring bank requests authorization from the “card-issuing” bank.

4. If accepted, acquiring bank processes the transaction and sends approval back to the merchant.

5. The merchant reviews the transactions and transmits confirmation to acquiring bank for deposit.

6. Acquiring bank then requests and receives funds from the card-issuing bank.

7. Acquiring bank then deposits funds into the merchant’s account.

4. Basic Fees


Needless to say, all parties involved in this process benefit (take a cut). Here are the primary fees to consider:

  • Set-up fee – one time fee for getting started
  • Transaction fee – merchant pays a fee for every transaction
  • Discount rate – flat % charged to merchant for every transaction
  • Chargeback rate – rate of monthly sales “held” in reserve to offset any fraudulent transactions
  • Chargeback fee – there is often a fee for charge-backs
  • 5. Featured Local Company

    Merchant Warehouse

    866-599-3217
    Cambridge, MA

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