If you run a business, then you know that there are a thousand details to worry about at any given time. Though each of these concerns is important in its own way, nothing is quite as crucial to a business as the bottom line. One matter that has a serious effect on a company’s bottom line is a bank’s credit card processing fee. In order to bring this processing fee down to a manageable size, it’s always a good idea to hire a credit card processing consultant. Here are the qualities you should look for:
- Processing Knowledge
The world of credit card processing can be very difficult to understand. For help making sense of this murky practice, you’ll need a consultant who has spent considerable time following transactions and the technology behind them. An experienced processing consultant should know the true cost of a transaction and be able to use this knowledge to save your business money.
- Negotiating Ability
A good credit card processing consultant does much more than advise you on transactional matters. To ensure that you receive a fair processing fee on all of your customers’ debit and credit transactions, a consultant should engage in civil but firm negotiations with your bank. The better your consultant is at negotiating, the more money you’ll save.
- No Upfront Fee
Some subpar consultants insist on getting paid before they do any work. A good consultant, on the other hand, doesn’t accept payment unless you’ve saved a significant amount with your new processing arrangement. In addition to saving you a tidy sum initially, a good credit card processing consultant continues to track your savings, just to ensure that your rates remain low.
If you’re looking for an excellent credit card processing consultant in New Jersey, contact Merchant Advocate today. With over a decade of experience handling all sorts of processing matters, our firm can easily save your business thousands of dollars. Give us a call at (732) 727-2073 to get started.