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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Factors to Consider When Choosing a Preschool Center

Children are a gift from God and thus it is paramount that you take good care of them. This is in their various aspects in life for example socially, psychologically among others. Once a kid is young, it is a very delicate stage for them. The school you take them to will mold them into either a responsible citizen or a social misfit. The probability of either happening is determined by the kind of preschool you take them to. This is where they first learn how to engage with others, interact with them through various ways. It is thus very important that you choose the best preschool center to give your kid the best life. At preschool they learn how to draw and do the very basic stuff in life but important.

The decision to choose a preschool may seem to be an easy one that only considers things such as the curt, the location and how long the school day is among others. However, this is not true, it is actually an intricate decision that requires you to think of other factors which are vital as well. Below is a guideline on some tips that you can consider in order to pick the best preschool center.

The first thing is the teaching staff. These are the individuals that will be spending a lot of time with your kids and what they influence them to be is what they will become. It is thus good that you for a school that has teaching staff that are experts in children matters. They should be able to create a bond with the child since it gives them a sense of safety and security. The staff should be friendly so that the connection between the child and them can last long. With regards to teaching in in class, they should be knowledgeable on how to make the class engaging, for instance by asking questions, encouraging them to think among others. Good teachers will also allow the kids to socialize with others so that they can overcome shyness.

Another thing you should think about is the school director. This is an important individual because they set the syllabus to be taught and hence affect the kind of information your kids receives while there. If possible it is good to meet with him or her so that you get to know them more. Before choosing a preschool also consider asking about their cancelation policy in case you forego taking your kid there. For instance, what percentage is refundable to you. The safety of the school is also of importance. Evaluate and request to see the protective measures the school has for example in case of fire, are there sprinklers and fire extinguishers.

The environment of the school should also be friendly and suitable for young kids. For example, the furniture should fit the size of the kids and there should be enough space for them to play around without getting injured.

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