Wireless processing is ideal for many business types that do not have fixed locations, but need a credit card reader, like delivery or repair services.
The more you compare credit card processing companies, the better you can negotiate a better rate while meeting the specific payment needs of your business. Answer these questions when considering a provider.
As a small business owner, you are especially vulnerable to credit card payment threats. You can take several steps to protect yourself from credit card payment risks.
If you run a small or medium-sized business, you know that every business cost you pay directly affects your profit. The more you know where and how to lower costs, the more money you make. One way to keep your monthly costs down is by lowering credit card transaction costs.
A credit card transaction fee is a percentage per transaction and a flat fee per transaction. The current average is 2.65% plus $0.10. Prices will vary depending on the entities involved, the pricing model you choose, and other surrounding factors.
Interchange-plus pricing is a type of credit card processing pricing that helps small business owners understand the costs of processing credit cards. Having a clear understanding of costs from all credit card associations and your credit card processor helps business owners avoid paying unnecessary fees or processing more than they need.
Category: weekly, credit card payments