Exclusive Rate Lock

Leap Payments is proud to offer our clients an exclusive lifetime rate lock.

How it works:

The Leap Payments processing fees to accept credit cards are locked for the life of your account, guaranteed. We believe that we are the first and only credit card processor to offer this exclusive benefit to our clients.
Because our clients enjoy interchange plus pricing, also known as interchange pass-through pricing, our client’s rates are set by MasterCard, Visa and Discover. We pass these interchange costs directly to our clients at cost. These rates are publicly available and published by the card companies on their websites. The interchange rates are subject to change as directed by the credit card associations and Leap Payments or any other processing company or bank has absolutely no control over the interchange rates mandated by Visa, MasterCard, Discover and American Express as well as the Debit networks. When interchange rates decrease our clients immediately enjoy these discounts, but when the interchange rates and fees increase these are passed along at cost.

Leap Payments fees (the “plus” in interchange plus) include your processing fees, authorization fees and monthly service fee to maintain your account. The rate lock is in effect for the Leap Payments processing fees. Let’s be completely open and transparent — you want amazing customer service and we need to be there for you, so the Leap Payments fees allow us to provide you immediate access to an industry expert whenever you need help. We’re committed to every client that our processing fees will not only be the lowest possible, but are also locked for at the life of your account. This program can only be discontinued if matters outside our control make it nonviable. Here’s Leap Payments promise, no bait and switch, no rate creep, no surprises, simply put that’s what your business deserves.

How’s this different from other credit card processors?

Most credit card processors prefer multi-tier or teaser rate pricing structure. On your statement you’ll see a teaser rates that seems great, but when you do the math to calculate your effective rate by dividing your actual costs by your credit card transaction volume, you’re shocked to learn that your actual or effective rate is much higher than your teaser rate. Some clients perform the effective rate calculation and find that they are paying over 4% or more, which is significantly higher than the rate they thought they were paying! This is because on average the rates that are charged in these multi-tier pricing schemes are set to benefit the processor, not the client.

Leap Payments shows you our actual costs (the interchange rates) for each card that your business accepts instead of hiding the actual rates or burying them somewhere on your statement. Our fees are fully disclosed, and you’ll never see a misleading teaser rate. This results in a lower effective rate and a significant cost reduction for your business.

The bottom line is that your business wants to pay the minimum possible to accept credit cards. Our industry experts at Leap Payments will gladly show you how interchange plus pricing can directly reduce your actual costs.

No more rate “creep”

Finally, with our exclusive lifetime rate lock, you’re assured that the Leap Payments processing fees are locked and will not increase. A common industry tactic is to slowly increase your rates after you sign up so you experience “rate creep”. When challenged your existing processor may match a rate today only to slowly adjust your rates higher in future months. With Leap Payments you have our guarantee that our processing fees will not increase, period.

We know this is an amazing deal and we’re confident that our competitors will never match this offer and they absolutely can’t match our service. Frankly, we’re able to offer this guarantee to our clients simply because we’re not greedy, today or tomorrow.

Graduate to a simply better credit card processor — jump to Leap Payments.