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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Tips On How to Choose The Right Tour Company

One of the best ways one can spend their time is by doing adventurous things. When it comes to adventure, one of the best things to do is to visit different destinations. This is the best way to spend your holiday and free time. Travelling has major benefits for you as an individual. You get to get your mind off your daily routine. This allows you to refresh and unwind. This, in turn, also relieves you of your stress. You also get to enjoy new destinations. This will open your eyes to different cultures as well as different ways of leaving. Through traveling, you get to broaden your perspective on different things. You can as well learn a lot of things while traveling. This may include new languages, new recipes, and many more. There are a lot of ways one can travel. The best way to travel is to use a tour company. Using a tour company has its own advantages as well. You get to save both time and money if you use a tour company. This is because the tour company handles everything regarding your trip. This will save you money because they will cater to all the bills during your trip. Using a tour company is also more convenient. This is due to the fact that a tour company knows the destination well. You can avoid getting lost during your trip this way. A tour company will guide you throughout your trip. Using a tour company is also a good way to meet new people who are traveling using the tour company as well. It is a fact that there are a lot of tour companies all over the world. Having so many options can make it extremely hard for you to choose a particular tour company. Here are tips on how to choose the right tour company.

The charges of a tour company should be looked into. Different tour companies will give you different charges depending on the destination. You should opt for a tour company that offers affordable rates to its clients. You should first consider the budget that you have. Opt for a tour company that has rates within this budget. You should as well be on the lookout for discounted prices.

The experience level of the tour company is vital as well. You should only choose a tour company that has been in business for a good period of time. This means they know the ins and outs of the destinations. They are also more reliable.

It is also important for you to make use of recommendations when choosing a tour company. We all have friends or family who have traveled. You should get recommendations from them on which tour company is good.

The reputation of a tour company is also important. Keep in mind that you will be traveling to a destination with the tour company you choose. They have to have a good reputation for you to trust them fully. Trust is important when it comes to tour companies. You should only choose a tour company with an excellent reputation.

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