In the day-to-day grind as a business owner, you’re in a constant state of juggling. Whether it’s managing staff, approving new products, marketing an event, or one of a hundred other things piled up on your to do list, there’s no shortage of tasks vying for your attention.
It probably comes as no surprise then that of the roughly 400,000 small businesses launched within the U.S. every year, 20% of them fail before those first 12 months are through. For many businesses, especially those on the smaller side, there simply aren’t enough resources to remain both efficient and profitable long term.
Continue reading “All About Our Low Price Guarantee”
Cash may have certainly been king at one point in time, but nowadays, card-based transactions reign supreme for consumers and the businesses they shop at. 77% of consumers prefer to pay with credit and debit cards over cash.
With this in mind, making decisions around the payment types you’ll accept as a business owner proves crucial for maintaining long-term positive cash flow. While opting for cash payments only may save you on transaction fees, it limits the purchasing potential for customers both in-store and online.
Continue reading “What Can Merchant Services Do For You?”
One of the hardest decisions to make as a merchant is which payment processing service to use. Most have arcane fee structures that make it hard to tell exactly what you’ll pay. There’s the discount rate, the transaction fee, the statement fee, and more. Even worse, some of the fee names are the opposite of what they sound like or are otherwise confusing.
Even with all of these nebulous terms, sufficient searching will eventually lead you to one or more merchant services that are clearly cheaper than the rest. The deal may seem so great that you wonder if there’s a catch! It’s almost impossible to find out just from the advertising, but the answer is “sometimes.”
Be Wary of “Just for You” Offers
When you get the contract to sign up for merchant services, be wary of clauses that indicate a much higher rate than what the salesperson tells you. Also be careful of high fees for canceling your account, adding or removing locations, and other such things. At the time you sign up, you might be told that the fees are waived “for you.” Don’t believe it. When you make a major change, expect the fees to be charged to your bank account – and to have to vehemently argue to get them removed.
Look for High-Quality Providers
Good providers have good reviews, a professional attitude, and a straightforward fee structure. You won’t be given a contract that says one thing and has a “waiver” written in by the salesperson. In short, a high-quality merchant services provider should present itself as one.
Once you find some candidates, then go through their fees and choose the ones with the lowest prices. By putting quality first, you’ll avoid bad companies and still save money on your payment processing fees.
For a merchant account that offers you great rates with no tricks, just contact us. We’ll be glad to serve your payment processing needs.
It is axiomatic to regard merchant account service providers with low pricing as deceptive enterprises with notorious tactics ready to exploit loopholes they keep hidden in drudgery contracts. Since the advent of e-commerce and the necessity of third-party payment processors, businesses interpret more or high pricing as better or premium service.
Debunking the Myth
Merchant accounts are not as expensive as they are cut out to be. The returns from increasing sales greatly outweigh the cost, turning this seemingly substantial operation cost into a profitable investment.
The notion that high pricing equates to premium service is entirely a fallacy. Merchant account providers who have competitive pricing offer excellent services as well. You do not have to dig deep into your pocket to digitize your business, and here is why you should choose the lowest price merchant services:
Low pricing encapsulates flat-rate pricing as well. With flat-rate pricing, forget about hefty account monthly fees and PCI compliance rates. Flat-rate pricing is easy to analyze. The low pricing enables you to extrapolate the monthly payments, as there is little to no variation in the processing rates.
Small business owners, as well as large corporations, can make estimates of the monthly fees and budget for it, long before payments are due.
Zeroing in on What You Need
Low pricing is more times than often synonymous with packages that do not encapsulate all of the services in the market. But guess what, you do not need them all.
Digitizing your business into one that accepts credit and debit cards does not require you to buy services that will not profit your enterprise, which is a familiar narrative with providers who attribute their high pricing to additional features that add no value to your business operations.
All you need is a merchant account provider who can efficiently manage your POS accounts and process transactions in a timely and secure manner. A provider that offers low pricing without compromising quality service.
For more information, contact us.