Midwest Merchant Services is best known for utilizing membership pricing (also called subscription pricing) to save merchants money on overall processing costs and reduce the number of fees they have to pay for payment processing. Our business model and pricing structures are very similar to Costco, only for merchant accounts rather than general retail sales.
Unlike most payment processors that charge you highly marked-up percentages on your sales, our memberships have no percentage-based markups whatsoever. Aside from the wholesale costs that go to the credit card networks and banks (not to us), you just pay a fixed, predictable monthly fee for access to the credit card processing networks alongside a small $0.05-$0.15 fee on each transaction. You won’t have to haggle with salespeople about processing rates or worry that you’re paying too much. Your membership fee covers it.
Aside from the value provided, Midwest Merchant Service’s reputation for open, honest sales practices and excellent customer support put us ahead of many of our competitors using this relatively pricing model. We are proud to be an industry pioneer.