Home > Blog >

How much do you actually pay to accept cards?

Let’s assume you’re the owner of a small family-owned pizza shop. Let’s further assume that the cost to produce a pepperoni pizza is $5.75, and that you sell that same pizza for $15.75. The math clearly says that for every pizza you sell you will earn $10.00. But what if a customer pays it with an American Express card? How much will you earn then?

Most business owners will just clinch their teeth and just accept the fact that they could lose up to 5% of the total sale amount. What about Visa, Mastercard, or Discover? How much do you pay to accept those other cards? Again, most business owners don’t know, they just know to hang on tight and accept the loss.

With Goldberg Pay there is no guessing on fees, you will know your exact costs for accepting all major cards (AMEX, Visa, Mastercard, and Discover). Also, unlike other merchant services providers, your cost does not fluctuate, so you will pay the same low rate whether you accept American Express or Mastercard, it’s all the same with Goldberg Pay.

While some of our new customers have never accepted credit cards before signing up with Goldberg Pay, the vast majority of our clients switched over to Goldberg Pay for the flat rate pricing. New customers are actually surprised when they find out that our flat rate program is actually cheaper than their existing variable program, especially when they switch over from a big bank.

If you don’t know how much your business is paying per card transaction, feel free to apply now for Goldberg Pay online. Once you submit the application, we will contact you as soon as the next business day to go over your payment needs. We won’t pull your credit so nothing will show up on your personal credit report, and we don’t charge you anything―and yes, that includes free basic equipment so you can accept credit cards using chip, tap, or swipe, in fact you can even accept Apple and Android Pay without ever paying for any equipment.

So, what are you waiting for? Let’s find out how much money we can save your business using Goldberg Pay.