Card Processing Rates

Card Processing Rates

Merchant Services
Often, I sit with merchants who are fixed on the best card processing rate that they pay, this has become the benchmark for what merchants think will give them the better deal. But in reality what they are paying goes beyond these rates. My thoughts time and time gain revert to the reps that have visited before and said "I'll beat the card processing rate you're currently paying" but neglected to show the merchant the real cost of card processing fees. I'm sure I hear my own eyes roll when this happens and spend the next few minutes explaining that it's not just about the rate you're paying, it's the additional processing fees and how they impact your charges and monthly bill. Why do I need to see your monthly…
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Switching Card Processing Providers

Switching Card Processing Providers

Merchant Services
Switching card payment providers can be quite a daunting task for the small business owner. If you're considering switching there will have been something that triggered you to investigate further, more so if your mid contract with a terminal rental company which are called an ISO (Independent Sales Organisation) Can you switch providers? In a nutshell yes, anyone can switch providers but it's wise to consider the costs and weigh against the savings. First step is to dig out your original terminal contract, this is the binding document which will have early termination fees and cancellation process etc. Who you signed up for your terminal rental will depend on what you do next and the reasons you want to leave your current provider. Don't get this contract confused with your…
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