Credit Card Processing Clearwater FL

Accepting your customers credit cards is more complicated then it looks. With so many different banks around Clearwater 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 Companies

Merchant Warehouse
866-599-3217
St. Petersburg, FL
Merchant Warehouse
866-599-3217
Tampa, FL
ABS Solutions
813 957 0333
6903 c concord dr
tampa, FL
Secure Transaction Systems
(727) 796-8242
2963 Gulf To Bay Blvd
Clearwater, FL
Premier Merchant Processing
(954) 492-2530
2929 E Commrcl Blvd
Fort Lauderdale, FL
Architects Designers International PC
(305) 573-2800
600 NE 36th St
Miami, FL
Spotlight On Magazines
(305) 573-2800
600 NE 36th St
Miami, FL
Credomatic Merchant Svc
(305) 372-3012
848 Brickell Ave
Miami, FL
Paymentech Llc
(407) 771-4082
287 International Pkwy
Lake Mary, FL
Permier Consumer Credit Counseling
(305) 827-9080
1790 W 49th St Ste 203
Hialeah, FL


2. Credit Card Processing - Info


Whether you conduct business online, offline in Clearwater 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
    St. Petersburg, FL

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