Fattmerchant, a merchant services provider, has teamed up with Axiom Bank to provide flat rate payment processing to its customers, focusing on small business needs.
Axiom Bank offers retail banking services through its 20 branch locations, 19 of which are inside select Walmart Supercenters across Florida.
Under the agreement, small business customers using Axiom Bank can be recommended to select Fattmerchant as their merchant services provider, reducing variable fees on credit card processing by offering zero markups.
For a flat monthly membership, Fattmerchant slashes monthly costs by cutting markups, surcharges, or ancillary fees to the interchange rates of Visa, MasterCard or American Express.
Commenting on the agreement, Fattmerchant founder and CEO Suneera Madhani said: “We share a similar goal with Axiom Bank: providing small businesses in our community with the resources they need to grow their business, and increase their bottom line along the way.
“Many business owners are spending too much money on monthly merchant processing invoices, which are often more expensive than they should be.
“Our goal is to reduce the number of companies overpaying and our partnership with Axiom Bank will seamlessly incorporate affordable payment processing into everyday finances, putting more money into businesses' pockets."