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%.

Read More

Smart Ideas: Revisited

Measures To Take Into Account Before Selecting Gas Line Repair And Installation Services

The choice of gas line installation and repair services is an essential thing for the person whose house or commercial place uses natural gas. The gas line installation and repair services are always concerned with piping of the natural gas from the source and ensuring that the client can easily use the gas.

The gas line installation and repair services are also worried about all the exchanging of the pipes that have been damaged in when supplying the gas from their source. A client can find it as a challenging task when choosing a gas line installation and repair services because they are conscious since this is a job that should be done with so much perfection to ensure that the gas does not leak. The discussed below considerations are the ones that a person should make when choosing a gas line installation and repair service for his or her gas line.

When selecting a gas line repair and installation service, it is essential to know how experienced they are there in delivering their services. Choosing a gas line repair and installation service will do you so much favor because these people are familiar with the work that they do and they cannot make any mistake. The gas line repair and installation service who are experienced always deliver a job that will give the client a very long time before he or she does the replacement of the gas line. It is more accessible to know the experience and professionalism of the gas line repair and installation service by quietly a client scrutinizing the track record of the gas line repair and installation service and also researching on the year that they started operation.

It is necessary for a client to choose a gas line installation and repair service that is available so that they can efficiently respond to any emergency that needs a quick response. The gas line repair and installation service even in case of any emergency then she will tell the client work to do so that they can prevent the leakage of the gas before they arrive. It is essential for the client to choose a gas line repair and installation service that has excellent customer service and has quality in communication with their clients and also responding to their calls. The choice of gas line installation and repair service is supposed to be for the ones that have licenses in the situation. Choosing a gas line installation and repair service that is permitted in claiming to have confidence because they know that they are qualified to be licensed.
What Do You Know About
Learning The “Secrets” of

Read More