Joseph Wilk of Credit Card Processing Giant: Why You Are Being Charged Too Much on Financial Transactions

Credit card processing fees are an integral part of our financial system, functioning behind the scenes every time someone swipes a card in payment or enters a card number online. But if you are a small or a medium sized business, Joseph Wilk advises you that you might be paying more than you have to if you are using a different credit card processing provider. Joseph Wilk’s credit card processing company is sure to offer the lowest fees when it comes to credit card and debit card processing, in addition to check guarantee and conversion services and technical support.

Joseph Wilk explains, that every time someone uses a credit card, the merchant pays something called an interchange fee, a cost that consists of a percentage of the transaction plus a per-transaction fee. Then there is an additional fee charged by the company that processes transactions for that merchant, whether it is a merchant service provider or an independent sales organization. Millennium Merchant Services is one of these service providers, but it is also distinct from all of its competitors. Owner Joseph Wilk explains that if you are not using Millennium Merchant Services, then you are probably paying more to process your electronic transactions than you have to.

Joseph Wilk’s Millennium Merchant Services is different because it does not disguise its costs or try to overcharge businesses. Every company is charged the exact same rates regardless of its volume. Many competitors offer smaller scale companies a low single rate that does not clarify all of the interchange rates, which allows merchant services providers to charge as much as they want on top of that rate. Because the fees are often lumped together under the guise of one discount rate, some merchants never realize that they are being charged more than they could be. Joseph Wilk’s Millennium Merchant Services is explicit about its costs – it charges 40 cents for every debit card transaction and no more than one-tenth of 1% above the national wholesale interchange rates for credit transactions. No costs are ever hidden from any businesses when they work with Joseph Wilk’s credit card processing company.