Cheaper Merchant Processor?
#1
Cheaper Merchant Processor?

Hi There - I currently have 9 stores (all under diff LLCs as I don't comingle funds - if it matters) that I'm using Mindbody Processing (MP) for. The total cost last month after all fees was 3.51% (Discount fee + General fee). MP says they're a bit more expensive than the herd because we do some stored credit cards which are supposedly higher risk (we're a membership model medical spa). Our average transaction is $118 and avg volume per store is probably $50k+

Any cheaper recommended avenues? Is it worth negotiating directly w/ MP?

I'd like to continue using MP as our Mindbody POS system integrate well to subtract membership credits each month after autopay's run, but based on what I'm paying, I'm not wed to them.

Thanks for any advise, Blair

submitted by /u/SnooCapers2877
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