When Was the Last Time You Reviewed Your Processing Rates?
Running a business comes with enough numbers to watch. Payroll. Inventory. Rent. Supplies. Taxes. Then there is your credit card processing statement. If your first instinct is to put that one in a drawer and hope for the best, you are not alone. Processing statements can include rates, fees, interchange, monthly charges and other line items that make it difficult to answer one very simple question: What am I actually paying to accept payments? Your Business Changes. Your Processing Should Be Reviewed Too. Maybe you have been with the same processor for years. Maybe your sales volume has grown. Maybe you added online payments, new equipment or another location. Or maybe you signed up for processing when you first opened