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 Art of Mastering

3 Reasons Why Hiring A Fitness Personal Trainer is A Good Idea

There are hundreds and thousands of people around the world that promise themselves that they will live a fitter and healthier lifestyle next year. Reaching your fitness goals is hard enough; how much more if you try doing it alone? Since you need all the help you can get, are fitness personal trainers your best option? If you really want to succeed with your fitness goals this time around, then, yes, fitness personal trainers are a very good idea. And main reason why fitness personal trainers are so great is that they offer benefit after benefit to their trainees. It is only natural that you are interested to learn more about the benefits they can offer. Here, we are going to go through a few of the greatest benefits you will receive from fitness personal trainers. So out of all the great benefits, here are only the top 3.

Personalized program is one of the greatest benefits to hiring fitness personal trainers. The body works differently in each individual, which is why it is never good to follow a ready-made program for everyone to try. You should follow a program that is for your body type and not for the general body types. But with a personalized program created by your fitness personal trainer, you can be sure that it will help you reach your fitness goals. So this wonderful benefit is yours if you hire a fitness personal trainer to be by your side.

Fitness personal trainers provide a reasonable fitness plan and goal. It is never wise to make unreachable and unreasonable fitness goals because, if you cannot fulfill it, then you will be discouraged right away. You try to fulfill those goals in the shortest possible time. But you should know that it takes time to reach those fitness goals. You can run to your fitness personal trainer and ask them to make a long term plan to reach those fitness goals; it does not matter how long it takes as long as you reach there. So if you want to reach your fitness goals, then you should really hire a fitness personal trainer.

Encouragment and support is yet another one of the greatest benefits to hiring fitness personal trainers. There are going to be lows and discouragements in any journey to fitness. You will have so many questions and doubts that could lead you to abandon your fitness goals and live your old, unhealthy lifestyle. You can trust that your fitness personal trainer will always encourage you, always inspire you, always motive you even through these moments of discouragement, thus you will be able to push through and try again. So if you want to reach your fitness goals, then you should really hire a fitness personal trainer.

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