Lower Your Card Processing Fees
How to lower credit card processing fees.
Ever feel that credit card processing fees are taking an exceptionally large bite out of your profits? You may be right, says Bob Carr, CEO of Heartland Payment Systems, a card processing company based in Princeton, New Jersey. "Transaction costs have increased to the point where some merchants are paying as much as 3 percent of the total sale," says Carr, who recommends five steps to manage processing and reduce the costs of credit card processing.
1.Understand your bill. Know what services you are getting and how much you are paying for each one. "Most [business owners] don't know this is something you can negotiate once you understand the billing," says Carr.
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