Title: How To Reduce Your Credit Card Processing Fees
1How To Reduce Your Credit Card Processing Fees
2Reduce Your Credit Card Processing Fee
- Ever wonder why there are so many
different merchant services and payment solutions
willing to help you Reduce Credit Card Processing
Fee? The reason is because it can be a lucrative
business. Every time a credit card is swiped and
processed there are a handful of companies
(issuing bank, credit card company, merchant,
ISO, merchant account provider, security
providers, etc) that take their respective cut.
Call 1 (855)-345-0400
3Credit Card Processing Fee
- While these service fees and charges may only add
up to a few cents and small percentage per
transaction, they do add up. Unfortunately, the
fees are almost always passed on to the merchant,
except when working with Swipe4Free. While
accepting credit cards is a paramount priority
for most merchants, it still is a privilege that
comes with a price.
Call 1 (855)-345-0400
4Grow Your Business
- Easy to say, right? Unfortunately (or
fortunately, depending how you look at it), one
of the best ways to get lower credit card
processing rates is simply to be a bigger
company. Credit Card Processing Services
understandably give priority to larger, more
established accounts. If your company has grown
and youre taking more payments than you did
years ago when you established your account, it
might be time to discuss lower options with your
merchant service provider.
Call 1 (855)-345-0400
5Swipe
- Credit card transactions are usually split into
three tiers for discount rates. The non-qualified
rate is for when cards are manually entered and
no AVS (address verification service) is used.
Mid-qualified is for manually entered card
numbers with AVS. But to qualify for the
(cheapest) qualified rate, you have to have the
card present and physically swiped through a
credit card reader. Luckily USB credit card
readers are pretty inexpensive and easy to
integrate.
Call 1 (855)-345-0400
6Ditch the Wireless Credit Card Terminal
- You want to swipe credit cards, but you
don t need a full terminal to do it. You
certainly don t need a wireless credit card
terminal. The intended benefits of Wireless
Terminals are that they are compact, portable and
convenient. Unfortunately, you have to pay for
the hardware and usually sign a contract. Then
you have to pay an additional wireless fee and
deal with reprogramming the hardware when updates
are made.
Call 1 (855)-345-0400
7Change Providers
- Chances are that when you see your first monthly
statement you won t understand it, and might find
a few extra charges you werent aware of. Don t
worry if you don t understand all of the acronyms
at first. Call your Merchant Account provider and
don t be afraid to ask questions. - Once you understand the monthly statement
structure (or even if you don t), be sure to
check it every month and see what changes.
Unfortunately, credit card processors are known
for sudden, unannounced fee hikes. There are some
non-reputable ISOs that will raise their fees
after they have you signed up for a couple of
months
Call 1 (855)-345-0400
8Reduce Merchant Processing Fee
Whether youre fed up with your current Credit
Card Processing Company or are just shopping
around for another option, changing plans may be
your best option to get lower fees. Sadly, there
are merchants who simply put up with higher fees
and sub-par service simply because finding the
right alternative is time consuming, and theyre
at least complacently accustomed to the current
program and interface.
Call 1 (855)-345-0400
9Leave Merchant Fees All Together
- I know, I know, we could have started with this
information, but we really wanted to give you all
the options before you jump straight to this
solution. With a customer sided merchant
processor, like Swipe4Free, you are able to cut
all the processing fees and keep 100 of the sale
you make. The way we differ from other
traditional merchant processors is that the
customer pays a small service fee (4) when using
their credit card. Swipe4Free then uses that fee
to cover all the transaction and support costs.
As the merchant, you get the full transaction of
every sale, and at the end of the month there are
no fees or bills. It is as simple as that.
Call 1 (855)-345-0400
10Thanks!
- Website www.swipe4free.com
- Email Id sales_at_swipe4free.com
- Phone 1 (855)-345-0400