What No One Has Ever Told You About Credit Card Processing but You Need to Know!
To be competitive, businesses need to accept credit cards for the purchase of their products and services. Consumers are carrying less cash and rely on using their credit and debit cards.
But, as we all know, there is a cost to providing this convenience to customers, and it can greatly affect a business’ bottom line.
On a daily and weekly basis, business owners are inundated with in-person visits from salespeople as well as phone calls with promises and guarantees of the “lowest rate” and the “best program.” What does that even mean? And how do they know they have the best program for your business?
Now, with the existence of COVID-19, business owners also need to take additional steps to protect their employees and customers during the payment process. This all costs a business money and eats into their bottom line.
Today’s presentation will focus on three main topics – The Processing Landscape, Credit Card Processing 101 and Payment Solutions. We’ll be discussing two key programs, one of which is gaining in popularity and allows the business owner to pass the credit card processing fees to the customer.
Credit card fees are a direct hit to your bottom line and happen every month, just like rent payments, phone bills, internet fees and payroll. Accepting credit cards can also put a business at risk if not done properly.
The goal of today’s presentation is to arm you with enough knowledge to ask the right questions and ensure you have the most effective, efficient and secure payment processing program for your business.