How to Rid Credit Cards Processing Bill - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

How to Rid Credit Cards Processing Bill

Description:

While the credit card processing bill will comprise different types of processing fees, in this we see How do I get rid of my credit card processing bill. – PowerPoint PPT presentation

Number of Views:1

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: How to Rid Credit Cards Processing Bill


1
How to Rid Credit Cards Processing Bill
Call 1 855-345-0400
2
  • 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.

Call 1 855-345-0400
3
  • 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.

PITCH DECK V 1.0
PITCH DECK V 1.0
Call 1 855-345-0400
4
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
Call 1 855-345-0400
5
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
Call 1 855-345-0400
6
  • 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
Call 1 855-345-0400
7
  • 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
Call 1 855-345-0400
8
  • 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
SERVICEABLE AVAILABLE MARKET (SAM)
Call 1 855-345-0400
9
  • 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
Call 1 855-345-0400
10
(No Transcript)
About PowerShow.com