High credit card fees are annoying, and most of the time, you don’t need to be paying that much. There are a few easy ways to cut those costs. Using newer card machines, letting customers tap to pay, and asking them to use debit cards can all help. You might even be able to get lower rates just by asking your provider, especially if you’ve been doing steady business. A few small changes can keep more cash in your pocket.
Here’s how:
Negotiate Lower Credit Card Processing Fees (Yes, You Can!)
Many business owners don’t realize that payment processing rates aren’t always set in stone. In fact, if your business has steady sales or a good track record, you might be able to talk to your current provider and ask for lower fees. This means you could save a lot of money each month without having to change companies. It’s a simple step that’s often overlooked, but it can really add up over time. Plus, it shows your provider that you’re paying attention and looking out for your business.
Switch to a Surcharge, Zero-Fee Option
Don’t let fees eat into your hard-earned sales. With options like Axiom Processing’s zero-fee credit card processing, businesses can apply a surcharge to pass fees to customers at checkout, ensuring you keep 100% of your revenue while remaining compliant
Upgrade Your Payment Technology and Promote Debit Card Payments
Old card machines and risky payments can make your processing fees go up. But when you use chip card readers (EMV), accept tap-to-pay, and ask customers to use debit cards, you can save money on fees and cut down on fraud. These small changes can make a big difference for your business.
Audit Your Payment Statements and Work with a Transparent Payment Partner
Hidden fees can sneak into your monthly statements without warning. Regularly reviewing your payment processing statements, and working with a trusted provider like Axiom Processing (😉) ensures you’re only paying fair, transparent rates. Let us show you, for free, exactly how your current rates and fees stack up against the savings we can deliver!
Tired of overpaying on credit card processing?
Click here to upload two recent merchant statements and we’ll show you exactly where you can start saving.