Fee breakdown with traditional payments
Ever wonder what’s included in your payment processing fees? That’s a rolled-up number of multiple fee types, including:
- Transaction and markup fees, which go to payment processors
- Interchange fees, which go to the banks that issue credit and debit cards
- Assessment fees, which go to card networks
Cut fees to less than 1%
Traditional payment types
~3% in fees
Your branded card
Powered by Tandym
Expand margins with your best customers
The best part of your best customers is they spend more with you. The worst part? They’re your most expensive customer segment when it comes to credit card processing fees.
Tandym not only builds deeper relationships, unlocking more value from your best customers. We make it cheaper to keep them, too.
Reclaim processing fees to invest in your brand
If processing payments with Tandym costs as little as 1%, where do the rest of the fees that you pay today go?
Roughly 70% of the processing fees you pay today are used to fund the loyalty programs attached to credit cards offered by Big Banks. Double miles, cash back, swanky airport lounges — all are funded by the processing fees paid by merchants.
Instead of funding the customer retention strategies for Big Banks, fund your own. Deploying a branded payment option means you no longer have to choose between creating stickier customer relationships or eating into your margins.