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How to Save Money on Your Credit Card Without Switching Processors

Last updated 6 years ago


Though the proliferation of credit cards has made buying and selling much easier, it has been at a significant cost. Every time one of your customers makes a purchase with a credit card, your bank takes out a small processing fee. Though it may not seem like very much, a processing fee could cost you thousands of dollars in a given year. Here’s a brief guide to saving money on credit card processing:


  • Hire a credit card processing consultant.

Believe it or not, there are people who make it their profession to spot unfair processing fees. When you hire a credit card processing consultant, you ally yourself with someone who knows what processing fees should be and how to save your business money.

  • Negotiate with your bank.

After you’ve met with a credit card processing consultant, he or she may explain that your best course of action is to negotiate a more suitable processing fee with your bank. Of course, you won’t be alone—once your consultant presents your bank with the actual cost of a credit card transaction, they’ll likely lower their fees.

  • Monitor the results.

Banks always seem to make matters as complicated as possible. After you and your bank come to an agreement regarding your processing rate, they may choose to implement your agreement in increments, or perhaps levy another fee against you. In order to keep your bank honest, your processing consultant will monitor your credit card processing statements and ensure that you’re receiving the appropriate savings. If not, it’s back to the negotiation table.

If you’re looking to save money on your credit card processing statements, contact Merchant Advocate today. We know that paying exorbitant amounts for credit card processing can be very difficult—however, we also know that changing banks isn’t an ideal solution. That’s why our consultants will gladly work to negotiate with your bank and earn you a more acceptable processing fee. Call us at (732) 727-2073 to learn more.   


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