Credit card processing for general contractors

It depends on your card mix and average ticket, which for general contractors typically runs around $4,000–$180,000. The only figure worth comparing is your effective rate — total fees divided by total volume. We derive it from your last three statements at no cost and show you the arithmetic, including how much of it is interchange you cannot negotiate versus processor margin you can.

Usually yes, through a compliant cash-discount or surcharge program. Which of the two fits depends on your state and on your ticket size — $4,000–$180,000 tickets behave differently from large-ticket billing. Debit and prepaid cards can never be surcharged, and disclosure has to appear at the point of entry and the point of sale. We build to those rules and install the signage and receipt language.

The common causes in this vertical are: Very large keyed transactions without complete verification data; Progress draws processed as unrelated one-off transactions; Level 2 and Level 3 data absent on commercial payments. Each one moves transactions into a more expensive interchange category, and a blended statement reports the result as an undifferentiated surcharge rather than telling you the cause.

General contractors sit in an elevated-risk band rather than full high risk. Most acquirers will write the category, but underwriting looks closely at the specific exposures, and getting the file right the first time avoids a reserve you would otherwise carry.

Frequently. Draw schedules, change orders, lien waivers and subcontractor payments are where off-the-shelf tools break down badly. Where a build is warranted we deliver it with source code and full data export, with card, ACH and recurring billing embedded in the workflow rather than bolted alongside it.