How to Rid Credit Cards Processing Bill

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How to Rid Credit Cards Processing Bill
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• Your Credit Card Processing Bill comprises of
  several different types of processing fees.
  Sometimes, you will notice hidden fees being
  charged to you. For example PCI compliance fees,
  and others that you have never heard of.

Credit Card Processing Bill

• Credit card processing companies always charge
  you a processing fee. The fees might come to be
  at an average rate of 5. You will have to either
  negotiate with your payment processing company to
  lower the rates down or choose a company that
  falls cheapest to work with.

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• Ask you company not to charge you fees for early
  termination, monthly statements, acquiring fees
  and additional charges, if they do not agree on
  negotiating you can give them an ultimatum saying
  you would switch to a different company.
• You can also ask your customers to use cash or
  debit card to make a payment instead of credit
  cards or even surcharge a flat rate for using
  their credit card. It is very important to clear
  details about every single type of fees that the
  Credit Card Processing Companies charge you. The
  processing fee is unavoidable however, you can
  minimize it tremendously.

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Proper setup

• When your account is being set up. Free Credit
  Card Processing companies do not always reveal
  all the different types of bills that they charge
  you, instead they will add up all the bills
  together and make it look like one single bill.
• Make sure that when they install the terminal
  they have made it secure for transaction and your
  business information is a hundred percent
  correct. Make sure that the total transactions
  processed doesnt take more than 24 hours to go
  through, this will reduce the processing bill.

Here are a few ways on how to get rid of your
Credit Card processing bill
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Get in touch with the main Bank that processes
transactions. Several big banks are ready to do
business directly with the retailers instead of
involving a third party processing company so
that they do not have to pay any commission
amount. This will fall in your interest as well,
you will end up paying a smaller fee directly to
the bank.
Contact the first party
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• If you are a small merchant or if you have just
  started a small business, for you American
  Express has recently introduced a program named
  OptBlue.
• Several American Express Card holders choose to
  shop with merchants who have opted for this
  program. Apart from this make sure that your
  terminal accepts the credit cards which are most
  used.

Be updated
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• It is very important to take advice from
  experienced persons who have been processing
  payments using credit cards. However be careful
  of myths like, switching Credit Card Payment
  Processing Companies from time to time will
  actually help you get the lowest possible bills,
  this is not true.
• There are things that you would need to know that
  only expert can tell you. Also be careful in
  choosing a Credit Card processing company. Always
  go for a company which has the best reviews and
  the lowest bills.

Take advice and make the right choice
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• Make sure that your merchant account is never at
  higher risk.
• There are two basic ways in which you can protect
  yourself from fraud risk the first is by swiping
  the card every time you process a transaction,
  and the second way is, when you manually type in
  information, try to validate the purchase by
  asking your customers to answer certain security
  questions.

Protect your business from credit card fraud
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• Always do a proper research. You can simply go
  online and read reviews about these companies or
  you could ask similar merchants for advice.
• Once you have found the best company you would
  like to do business with do not just agree on any
  bill structure that they offer, make sure you
  negotiate on the fees.

Do your research and negotiate
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