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Lower Your Card Processing Fees

How to lower credit card processing fees.

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This story appears in the October 2006 issue of Entrepreneur. Subscribe »

Ever feel that 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, . "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 [ owners] don't know this is something you can negotiate once you understand the billing," says Carr.

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