kyle b

I am in the position of opening a small foor business. We are looking at doing credit card proccessing and i have talked to 2 different people.

I talked to one man from the bank, who gave me a higher rate but claims that the small independant companies give you a low rate that gets higher because of hidden fees and whatnot. He says that the bank only has one transaction to do to get the money.

The small company i talked to says that the bank goes through them and they only do one transaction.

Can some explain how it really works, perhaps someone who is nuetral and/or owns their own business.

thanks in advance