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QSR payment processing FAQs
Payment processing involves multiple parties: issuing banks, card brands and processors. Interchange fees go directly to banks for transaction authorisation and risk management.
Card brands collect dues and assessment fees that support their network operations. Payment processors earn fees for enabling transactions and providing value-added services such as PCI compliance and EMV® support. Understanding these distinctions ensures transparency and smarter decision-making when selecting your QSR’s payment provider.
Payment processors offer several pricing models for payment processing including interchange-plus, flat-rate, tiered and subscription-based pricing.
Interchange-plus pricing is the industry-standard for transparency, charging a fixed markup over actual interchange fees. Flat-rate and tiered models simplify billing but may obscure true costs. Subscription pricing can benefit high-volume merchants.
Assess your transaction volume, average ticket size and customer payment preferences to select the structure that aligns with your quick service restaurant’s goals and enables predictable cost management.
While interchange fees are fixed and non-negotiable, you can control your processor relationship and pricing arrangement.
Choose a payment processor committed to transparency, with clear statements and no hidden markups. Opt for pricing models that fit your transaction profile. Leverage technology like EMV-enabled terminals to reduce costly chargebacks and non-qualified transactions.
Partnering with a forward-thinking payment provider like Global Payments empowers you to navigate these complexities confidently while optimising your payments strategy for growth.
Contact usEMV is a registered trademark or trademark of EMVCo LLC in the United States and other countries. www.emvco.com.