A basis point is a hundredth of a percent. So 50 basis points equals 1/2 of a percent. Why should you care? Well, merchant accounts, used to process credit cards, are sold in various basis point configurations. Interchange, qualification adjustments, card type and other factors can cause wild swings in the basis points you are charged to process credit/debit cards. That's why iPayX has taken all the mumbo jumbo out of merchant banking to provide one low, flat, Pure & Simple rate. Find out how much you can save. Then you can forget you ever heard of basis points.