4 Ways For Small Business To Reduce Their Card Processing Fees

If you don’t want to pay hefty credit card processing fees, you may find this article helpful. According to small business owners, it is overwhelming to pay hefty fees for card processing. The statistics released by the Bureau of Labour Statistics tell that half of the startups fail within the first 48 months. According to predictions, there will be a 33% increase in credit card volume by the end of 2024. On the other hand, cash payment volume is going to go down by around 27%. Given below is a description of some common ways that can help you get the best deal. Read on to find out more.

1. Use Merchant Services rather than a Bank

If you work with the merchant service provider, you can use their merchant account for processing credit cards. Some banks do provide merchant services. In the reality, they outsource the services to third parties. As a result, they end up charging you extra fees for the services.

Therefore, if you use a merchant service provider instead, you don’t need to redirect your clients and customers to another provider. In addition, you can enjoy direct protection against fraud. As a matter of fact, more than 80% of startups fail because they have cash flow problems.

2. Go for a PCI-Compliant Payment Gateway

Basically, a payment gateway refers to a cloud-based software program that handles credit card processing. The role of this application is to support transactions conducted through credit cards. Apart from this, it creates a link between the card-issuing bank and the credit card network. After the approval, the funds are transferred from the credit card of the customers to the account of the merchant.

We know that this process involves sensitive data. Therefore, you may want to work with a PCI-compliant payment gateway. In other words, this type of gateway is supposed to use encryption and tokenization technologies.

3. Integrate your Payments

Instead of depending on an outside software program for your payments, we suggest that you hire the services of a provider that provides a means to process transactions inside your accounting software program. The idea is to get rid of double data entry and reduce human error.

If you integrate your payments, you can automate the process and avoid all the hassle and headache in this process.

4. Opt for a Personalized Service

Your time is highly valuable as a small business owner. Therefore, we suggest that you look for a personalized service that can handle the entire process. According to statistics, more than half of customers cannot resolve their problems if they cannot discuss the matter with a real person.

So, we suggest that you work with a processing service that provides personalized customer service. And this is of paramount importance for small business owners.

In short, if you want to reduce your credit card processing fees, we suggest that you try out these four methods. If you look at statistics, you will come to know that these methods have helped small businesses reduce these fees by 21%.

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The Path To Finding Better

Reasons Why it is Best to Use Vape Pens

Marijuana is now popular in most countries. Many countries have legalized marijuana because of its benefits. Vape pens seem to be trending nowadays. It has also helped some people to quit smoking completely. The type of vaporizer you would need depends entirely on the material you will be using. If you use marijuana and you do not want to use it when raw, you can use a vape pen to heat it. Nowadays people are using vape pens to heat their materials instead of burning the materials. If you want a vape pen, you can go to the market and you will find them. You can change the temperature and the voltage and use it at the level you are comfortable with. The latest vape pens can now be recharged and reused unless it is a disposable vape pen. Some vape pens also have replaceable batteries. Vaporizing was used a decade ago and up to now it is still being used.

When things are in high demand, they normally flood the market so knowing a genuine item might be hectic. If you decide you want a vape pen, you should follow some guidelines before buying one. The first thing that you should consider when buying a vape pen is its size. Before buying one, you should know the size that you are comfortable with. Do not buy a big or small vape pen just because you have seen one of your friends with it, but because you are sure it will meet your needs. Another factor to consider is the battery life of the vape pen. The battery life also depends on the temperature used on the vape pen. If you use a low temperature, the batteries will not run out fast. When buying a vape pen, buy a vape pen that has a good battery life. Here are the advantages of using vape pens.

The biggest benefit of vape pens is not inhaling any smoke. Smoke causes throat cancer and even lung cancer. Vapor is better than smoke. With cigarettes, you will have to inhale smoke but with vape pens, you do not. Turning your materials to vapor without burning them is good.

This is another important benefit of vape pens. With cigarettes, the smoke normally has a strong bad smell. When you vaporize your materials, there will be no smell. Using a substance that will not disturb people is a good thing.

The vapor pens are not costly. Due to the lack of enough vape pens in the past, they were costly. Also the increase of different types of vape pens has also led to them being affordable. These are the positive results of using vape pens.

The Beginners Guide To (Chapter 1)

– Getting Started & Next Steps

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