Competitive Credit Card Processing Rates

So you think that just because you have a small business you can't get the competitive credit card processing rates that big businesses get? 

Think again! You should be able to secure credit card processing rates for your small business that will make Wal-Mart jealous. Alight, that's a bit of a stretch, but you get the idea.

Accept Visa Mastercard AMEX Discover Cards

It isn’t true that making the choice to accept plastic necessarily has to mean that your business hemorrhages money. With some patience, care and strong research, you can reduce these fees.

Here are a few tips to save money on processing fees right off the
top.

Avoid Manual Entry

To save costs, swiping is always preferable over manual entry. This is because putting in a customer’s card information by hand can result in mistakes. Moreover, criminals frequently use this method to make purchases when they do not have the physical card.

Here are a few benefits to accepting cards

1.    Convenience - You probably already know that accepting alternative forms of payment like credit and debit cards helps make it more convenient for people to pay you. This will increase your sales and profits. Some studies say by 30 -100% or more (Visa International).

2.    Increases Your Credibility - Did you also know that advertising your acceptance of credit and debit cards increases your credibility? It's true. The public knows that a Merchant Account status is not always easy to get and will look at you as more of a solid company -here to stay. "Hmmm... doesn't accept credit cards? Is there some kind of credit problem I should know about this company?"

 

Credit Card Processing

Increase Cash Sales - I bet you didn't know that the mere presence of credit card logos at your business location increases CASH sales. A fascinating study was explained in the book Influence by Robert Cialdini. This scientific experiment documented that the mere presence of Master Card/ Visa logos will increase cash sales by as much as 29% in controlled studies - even though credit cards were not used! If your business accepts cash, this is an extra bonus of accepting credit cards and advertising that you do.  

The negatives associated with accepting credit cards include the risk of chargebacks. We have covered chargebacks many times in other articles. The risk is greatly diminished when accepting cards face to face that risk is more associated with businesses that are primarily online.

If your business accepts credit cards and you are seeking to lower your rates get better customer service contact a company like Quantum Merchant Services. Great rates and 24-7 customer service.

Quantum Merchant Services 

7300 Hudson Blvd N.
Suite 255
Oakdale Mn. 55128
1-800-815-3123

Credit Card Processing, Credit Card Processing Fees, Credit Card  Processing Companies, Merchant Services, Merchant Accounts                               How to accept credit cards