If you’re like most business owners, many of your customers pay using debit cards, and you lose thousands of dollars in fees to credit card companies and banks every year. Unfortunately, some of that loss is unavoidable, simply a cost of doing business. A credit card processing consultant can work with your business to keep your fees as low as possible, maximizing your profit and allowing you to better serve your customers. Here are just a few of the ways a credit card processing consultant can help you recover revenue.
Assess Your Situation
You may not even realize how much you lose in debit and credit card fees. You’re probably so busy with the big-picture decisions of your business, like choosing inventory and hiring staff, that you don’t pay much attention to smaller details like your card processing service. A consultant will help you realize just how much you really are paying, and all the other ways you could be using that money to grow your business. Once you realize how much money you’re spending to process transactions, you’ll realize that you have to make a change.
Negotiate with Providers
Like many other service, credit card processing services offer discounts based on volume, so larger businesses are likely to pay less per transaction than smaller businesses. Credit card consultants will negotiate with your processor to get you a lower rate, like the ones usually offered to big businesses. Your consultant will provide them with convincing arguments that will prove that your business is just as vital to the processing agency’s bottom line as any other.
With the help of a credit card processing consultant, you can recapture some of the revenue you’re losing to banks and credit card companies every day. If you’re ready to reduce your cost of doing business, call Merchant Advocate at (732) 727-2073. Located in Jersey City, we work with businesses to get them the treatment they deserve from credit card companies.