“The creditor hath a better memory than the debtor.” – James Howell
According to the American Bankers Association, credit cards are responsible for more than $2.5 trillion in transactions a year and are accepted at more than 24 million locations in more than 200 countries and territories.
Your business likely processed your fair share of that $2.5 trillion. You likely experienced an instant reduction to your bottom line in the form of processing fees for the convenience of accepting those credit cards. How do you go about minimizing that expense?
Here are some questions to consider about your credit card processing:
- Do you own or lease your equipment?
- Are you on a tiered pricing structure?
- How can you ensure the transaction gets the lowest possible transaction cost?
- How does PCI-DSS impact your settlements?
If you know the answer to all of these questions, stop reading. If not, consider reaching out for help. More than 90% of the time, our clients will realize a savings on their credit card processing fees. Often, this is without even changing their processor, which means a little more green for you!