The fees you pay in order to accept credit card payments will vary depending on the processing company you work with. What doesn’t vary is the fact that most merchants pay too much. Small and medium-sized businesses can’t afford to pay unfair credit card processing fees, especially when you factor in a flat fee for every swipe. In the end, these fees significantly increase the cost of running your business. How can your business reduce existing credit card fees and increase revenue?
- Why you lose revenue on credit card transactions. Depending on the size and success of your business, you can wind up paying thousands each month for credit card processing. Not only will your processing company take likely two percent or more on each swipe, but you’ll also have to pay a set fee for each individual swipe. Many merchants bend the rules and do anything in their power to prevent customers from using plastic to pay for small purchases, but many people don’t carry cash and use credit cards exclusively, and turning them away can seriously damage your business.
- How we lower your rates and increase your revenue. Reducing credit card fees directly increases your revenue. We reduce your fees by analyzing your current arrangement to determine how much you are overpaying. Then, we firmly negotiate with your credit card processing company to reduce your credit card fees. Finally, we monitor your account to ensure that you’re seeing your rightful increase in revenue.
Merchant Advocate’s three-step process of analyzing, negotiating, and monitoring has helped many New Jersey companies reduce costs on credit card fees. To learn how we can improve your business’ revenue, call us today at (732) 727-2073.