Lowering credit card processing costs by over 90% can be challenging, but it is possible.
Lowering credit card processing costs by over 90% can be challenging, but it is possible. Here are a few strategies that can help: Negotiate with your current processor : Contact your current credit card processor and negotiate lower rates. If they are unable to offer a significant discount, consider switching to a different processor. Use a flat-rate processor: Flat-rate processors offer a simple, predictable pricing model with lower fees than traditional processors. Batch processing: Batch processing allows you to process multiple transactions at once, which can result in lower processing costs. Use a mobile processor : Mobile processors typically have lower processing fees than traditional processors, as they have lower overhead costs. Implement a surcharge : Consider implementing a small surcharge for customers who choose to pay with a credit card. This can offset some of the processing costs and reduce your overall fees. Avoid interchange fees: Inter...