5 Tips For Picking Your Payment Processing Partner

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• The ability to process credit cards can have a
  significant impact on your bottom line, but
  knowing what youre paying for is crucial in
  ensuring that you get the most value from every
  transaction. When the time comes to pick a
  payment processor, use these tips to guarantee
  that you know what youre paying for and avoid
  any hidden fees or unpleasant surprises on your
  next statement.

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• Many processors will quote you their qualified
  rate.
• Qualified rates dont account for the additional
  fees associated with rewards cards.
• Watch out for additional fees for American
  Express or Discover.
• Get it in writing, and review your statement
  closely.

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• Do not rent or lease your terminal buying a
  terminal outright is much more cost effective.
• Beware of free terminal offers. These
  typically come with conditions that could end up
  costing you more.
• Terminal pricing should be clear and
  straightforward look for a processor that
  publishes their terminal costs.
• Look for alternative options such as virtual
  terminals or USB card readers for flexibility at
  lower costs.

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• The best way to get the right answers is to ask
  the right questions. Your payment processor
  should be able to answer your questions openly
  and honestly, without referring to obscure fine
  print or convoluted terms and conditions.

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Ask the Right Questions

• How soon will your account be funded? Look for
  next day funding, not 2-5 day processing.
• Is there a monthly minimum? If the answer is yes
  walk away!
• Do they charge for address verification (AVS)? If
  they do, youre already paying too much.
• Is there a fee for paper statements? There
  shouldnt be!

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Ask for a Statement Analysis

• Understanding what youre paying for is the first
  step to reducing costs.
• A detailed review can uncover hidden charges and
  fees that you didnt even know you were paying.
• A statement analysis can help explain sudden
  changes in your rates and fees.

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• Check their Better Business Bureau (BBB) rating.
  A reliable processor should have an excellent
  rating with a solid history of resolving any
  issues.
• Look for testimonials and reviews the feedback
  of other customers can be invaluable.

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• If you know what to look for in a payment
  processor, you can save yourself as much as
  20-60 in processing fees. Seemingly
  insignificant fees can quickly add up to a
  sizeable percentage of every transaction,
  regardless of how much business you do. When
  choosing a processor, look for one that explains
  their processing fees clearly, that doesnt
  charge arbitrary fees for services such as AVS or
  paper statements, and that offers the support you
  need.

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Contact Us

• Leap Payments is a credit card processing company
  with a long history of providing excellent
  payment processing solutions. Leap Payments is
  renowned for their mission to provide lower fees,
  faster processing, and more personal customer
  service. Visit their website at
  http//www.leappayments.com or call 800-993-6300.