2 Easy Ways to Significantly Reduce Your Credit Card Processing Fees!
You may find this hard to believe, but you can easily reduce your current processing rates by .65% and more by working with a payment processing specialist who has an understanding of Proper Interchange Qualification and Level 2 Processing. With all the normal stress and pressure that comes along with doing business in our current economy, reviewing a monthly merchant statement is one of the last things that most companies have time to do. As you are reading this article, I would ask that you take just a moment to grab one of your recent statements, so that you can reference it to see if your company is currently receiving the rates you deserve.
Now when looking at your statement, it is not uncommon to become frustrated or confused as to how your overall processing fee was calculated for that month. Some processors print more detailed statements that may include charts or graphs, while others send out a condensed less detailed version of only a single page. While a less detailed statement is an issue in itself, for the purpose of this article I want you to focus on a few specific keywords. While it may vary as to where on your statement these can be found, the words themselves are universal and apply to all payment processors. So please look over your statement very carefully and take note of any of the following downgrades or surcharges listed:
