Also what are the lowest processing rates you have found?
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What is the best way to accept credit cards in a convenience store?
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You do need a merchant account. Don’t go to your bank for it, though. They don’t provide the best rates by far. You need a specialized merchant account provider and you can easily find many just by Google-ing "merchant account" or "credit card processing". You should not accept a rate higher than 1.69% + $0.20 per transaction.
You will need a payment processing terminal and your merchant account provider will lease or sell you one. The price should not be higher than $200. Other than that, be sure to carefully review the whole pricing agreement for charges that may make it more expensive than it seems. You should not be charged for monthly processing minimums, set up or annual fees. You will have to pay a monthly statement fee – it is a bank fee and cannot be escaped; more than $15 is excessive.
Good luck!
Ask for id and look at the picture and the name for both id and credit card
It sounds like you already know the best method, merchant processing for credit cards via a credit card machine. As for rate, that depends on the merchant processing company or bank you go through, your relationship with them for x number of years, and the volume of sales you do. The rates are a lot like credit card rates, the better your history with someone and the more sales you do, the more negotiable the rate is to some extent.