Get The Lowest Pricing And Best Options With Diversified Payments.
Simple Transparent Pricing With No Hidden Fees
Compliance - focused programs to save you money and adhere to the proper rules.
Interchange cost plus pricing is the most desirable form of merchant account pricing both for its transparency and potential to allow for lower costs.
With this pricing model a fixed markup is applied directly to interchange fees (cost) published by Visa®, MasterCard® and Discover. The merchant absorbs all processing costs with this model.
The Diversified Payments surcharge program ensures your business is registered and compliant with the card brand regulations. Surcharge fees can only be applied to credit cards — debit, gift and prepaid cards are excluded. Surcharge programs are currently only legal in 40 states while cash discount programs are legal in all 50 states.
Convenience fees are charged regardless of the payment method. There are additional regulations for convenience fees, including the rule that states convenience fees must only be charged on alternative payment channels, plus other requirements. Diversified Payments offers a Third Party Billing solution for compliant Convenience Fee processing.
Thanks to the Dodd-Frank Wall Street Reform And Consumer Protection Act, implemented in 2011, the Durbin Amendment allows merchants to offset or eliminate payment processing fees through the cash discount program. Diversified Payments offers a cash discount program in compliance with Durbin Amendment regulations.