Sprwt is a massive system and one of the features we've built is an integration with payment processors to manage all of your processing needs.
For example, our system allows split payments with different franchises or branch locations. You're able to manage your billing cycles for subscription clients, or even create reseller accounts and give a percentage of sales to pickup location partners, and more. Sprwt also has a POS system that allows for in-person transactions and CP interchange rates.
When a customer completes a checkout, they use credit cards. Depending on the card type (eg MasterCard, Visa, AMEX, Discover, etc.) these banks charge an interchange rate. Furthermore, if a card transaction is present (POS) or not present (e-commerce) you will have different interchange rates, the former being a cheaper rate than the latter. Companies like Stripe, Authorize.net, Square, also charge a fee additionally in order to generate revenue.
With our payment processing system, we charge Interchange++ 150 Basis points.
Depending on the volume of sales for your business you can get lower rates. We are always trying to negotiate lower rates for our clients so they can keep more money they make. If you're processing over $150,000 per month, there's a good chance we can get you lower rates. Contact us to discuss more!