Sunday, 22 September 2013

How to Lower Your Credit Card Processing Costs - Guaranteed!

Accepting credit cards from your customers has become critical to the success of your business, and that's true whether your business is based on face to face transactions or online payments. That's because most of your customers insist on paying for their purchases with a debit or credit card. Without credit card processing your business is at a competitive disadvantage.

However, the fees associated with processing card transactions are getting higher every year. Retail businesses have seen their credit card rates increase, taking a big bite out of their profits. And that's just the rate increases. Those figures don't include batch fees, statement fees, inquiry fees, PCI fees and other ancillary fees.
As a percentage it may not seem like much, but when you add up all the fees, your total bottom line transaction costs can be quite high. When multiplied over thousands of transactions per year this can add up to a huge drain on your company's profits.
Another common problem business owners face with a merchant account is trying to make sense of the monthly activity statement when it arrives. Many have grown so frustrated with this that they no longer even try, they just toss it in a drawer and forget about it.
Single Rate Credit Card Processing Is a Better Way
A single rate merchant account option focuses on the effective rate that you pay rather than just offering you a low transaction rate and then hitting you with a slew of processing fees that increase your costs. There is no substitute for simplicity, and the one rate solution is as simple as it gets. Here's a quick summary of the benefits of this one rate alternative:
· One Flat Rate per Transaction
· USA Based Customer Service
· You Know the True Cost of Every Sale
· Simple One Rate Statement You Can Actually Understand
· No Complicated and Costly Add-on Fees
Most merchants that accept credit cards are overpaying for their merchant services without even realizing it. That's because the true cost of processing their credit card payments is buried in hidden fees, complicated monthly statements, and nearly indecipherable tiered pricing.
This unique solution was designed for businesses that appreciate the simplicity and savings afforded by a single rate card processing concept. This alternative to conventional credit card processing will save the business owner money, and that's something you can take to the bank.
Very few credit card processors offer the one rate solution because it reduces their own profits.
Regardless of your business or industry, STRATEGIC PAYMENT SYSTEMS® has the expertise and product solutions to meet your payment processing needs. Whether you'd like a comprehensive cost analysis on your current merchant account or online payment provider, or a free consultation on a new product or service that could improve your bottom line, STRATEGIC PAYMENT SYSTEMS ® has a solution. And they are one of very few that have adopted the One Rate Solution.

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