ASCENT Sets Up Our Merchants on NET BILLING to Offer “Negative Interchange”
ASCENT sets our merchants up on Interchange Pass Thru Pricing, which is agreed upon by Independent Sources as the most transparent and best pricing for merchants. Any savings that are offered by the card brands – such as the much lower rates on debit card categories – ASCENT passes on to you. Click here for more details on the benefits of Interchange Pass Thru Pricing.
We also set up merchants for Net Billing or Negative Interchange on refunds. This is another example of how ASCENT passes savings to you – if the card brands offer to give any interchange back when you process a refund, we pass all of that benefit to you. Many processors keep that savings for themselves.
We have been focused on the success of Vacation Rentals for more than 20 years and will continue to help educate and inform our merchants and our industry family on tips to make it through this crisis and to come out stronger than ever on the other side. We are here to help.