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  • 34 minutes

Pricing and How Interchange Works

The pricing of merchant accounts and how interchange works is very complex. This video will provide you with a review of the four pricing schemes that processors have available to them, how fees are split up and who actually makes the money on your merchant account, factors that drive interchange cost and how to determine your real cost.
Runtime: 34 minutes
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Niles D. Crum

Niles D. Crum

NDC Payment Solutions

  • President and owner of NDC Payment Solutions
  • Entered the payment industry in April 2007
  • Earned “Rookie of the Year” for PayPros, an industry leading company in Payment Processing
  • Known as an interchange expert in the payments industry
  • Has boarded over 400 merchants personally and mentors sales agents across the U.S.
  • Processor for IFDA (The International Foodservice Distributor Association); The Proponent Group, whose members include the who’s who in golf instruction including Mike Bender PGA Teacher of the Year); several buying groups and merchants across the U.S.
  • Quoted several times in the Greensheet, the industry’s top trade publication
  • Can be contacted at [email protected] or 815-304-4098
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